Press release
LED Phosphors Market Global Industry Research Analysis And Forecast 2023 to 2031 | Tailorlux GmbH, PhosphorTech Corporation, OSRAM GmbH
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.
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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.
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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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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?
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