LED Phosphors Market By Type (Phosphate, Garnet, Silicate, Nitride, Others), By Application (Automotive, Portable Pcs, Smartphones, Flat Panel Tvs, Signage, Lighting, Others): Global Opportunity Analysis And Industry Forecast, 2022-2030 , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider LED Phosphors market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, LED Phosphors market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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The global LED phosphors market size was US$ 14.2 million in 2021. The global LED phosphors market size is estimated to reach US$ 28.3 million by 2030, growing at a compound annual growth rate (CAGR) of 8.0% during the forecast period from 2022 to 2030.
LED phosphor is a photoluminescent material that can absorb the energy of violet and blue light from gallium nitride and other LED chips to convert it into visible light. Phosphors are widely deployed in this technology as they determine the stability, efficiency, and light quality of the LED.
Factors Affecting Marketing Growth
The growth in preference for LED lighting technologies over conventional lighting systems is expected to drive the growth of the global market.
The high initial price and temperature dependence are expected to hinder the growth of the global market.
The increase in popularity of white LEDs has further driven the growth of the global market.
Impact on COVID-19 Analysis
COVID-19 negatively impacted the end-use sectors including consumer electronics and automotive. The LED phosphor industry was also considerably affected by the pandemic as it witnessed the plunged demand and supply from the consumer electronics and automotive sectors. Also, consumers have reduced their spending on expensive products, such as OLED TVs and smartphones. Thus, COVID-19 had a negative impact on the growth of the global market.
Regional Analysis
Asia-Pacific is projected to register vital growth during the forecast period. LED Phosphors are used in applications such as illumination, indicators, and backlights for liquid crystal displays. LED lighting is used in a wide range of residential and industrial devices in the domestic sector. Further, the growth in demand for electronics is expected to drive the growth of the global market.
Leading Competitors
The prominent players in the global LED phosphors market are:
Tailorlux GmbH
PhosphorTech Corporation
OSRAM GmbH
Nippon Electric Glass Co. Ltd
Nichias Corporation
Mitsubishi Gas Chemical Company
Materion Corporation
Luming Technology Group Co. Ltd
Lumileds Holding B.V.
Intematix Corporation
Others
Segmentation Analysis
The global LED phosphors market segmentation focuses on Application, Type, and Region.
Segmentation on the basis of Application
Signage
Lighting
Automotive
Portable PCs
Smartphones
Flat Panel TVs
Others
Segmentation on the basis of Type
Nitride
Phosphate
Garnet
Silicate
Others
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