Analysis of the development prospects of global LED materials market in 2017-2021.

Date: 2018-08-10
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      A Light-Emitting Diode (LED) is a semiconductor electronic component that converts electrical energy into light energy. In the forward biased state, the LED can release an incoherent narrow spectrum. The LED illumination color is determined by the semiconductor material from which the LED is fabricated. LEDs are currently used in displays, electronic watches, lighting bulbs, radios, and calculators. In addition, LEDs can be used in high-definition television displays, camcorders, camcorders, communications, fiber optic communications, and television remote controls. LED applications even exceed jewellery applications and wearable device applications. According to semiconductor materials, the global LED material market can be roughly divided into four categories: gallium arsenide (GaAs), gallium arsenide (GaAsP), gallium phosphide (GaP) and others. Gallium arsenide is widely used in a variety of LED applications, such as micro LEDs, high power LEDs, and LEDs for specific applications. In 2013, GaAs has the largest market share. The main driver of the global LED materials market is the surge in demand for high-energy and high-resolution display LED applications for smartphones and HDTVs. The surge in demand for automotive lighting, display, home and industrial lighting LED applications has further contributed to the development of the LED market and has also driven demand in the LED materials market. In addition, favorable government policies, including various labeling and certification schemes, are providing new growth opportunities for the LED industry. Compared to traditional light bulbs, LED lights have lower power consumption and are therefore rapidly gaining popularity. In some cases, LED lamps consume one-third less power. Countries such as the United States, New Zealand, the United Kingdom, Canada, Taiwan, Australia, Japan, Brazil and Venezuela have taken many measures to replace energy-saving LED bulbs to replace traditional low-power bulbs, saving electricity and reducing greenhouses. Gas emissions can promote environmental sustainability. Currently, the world's largest LED materials market is in the Asia Pacific region, followed by North America and Europe. The demand for LED materials in the Asia Pacific region is mainly driven by the large LED manufacturing industries in China, Korea and Taiwan. In addition, with the increasing emphasis on the information technology industry, the strengthening of power generation and distribution infrastructure in emerging economies, advances in manufacturing technology are contributing to lower LED prices, and are expected to grow at a faster rate during 2015-2021. The growth of LED technology for various display technologies will provide modest growth opportunities for the North American and European LED materials markets. Major companies in the global agrochemical market include Dow Chemical, Intematrix, DuPont, Shaki Industries, Cree, OSRAM Opto Semiconductors and Seoul Semiconductor.



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