LED Phosphors Market Analysis

Application (Automotive, Portable PCs, Smartphones, Flat Panels TVs, Signage, Lightin)

The smartphones segment in LED phosphors market is predicted to gather the highest revenue share of about 30% over the forecast period. This growth of the segment is poised to be encouraged by rising demand for smartphones. In the globe, there are currently close to 5 billion smartphones in use. Hence, with this, the demand for LED is also set to surge. LEDs are utilized for making displays, display backlighting, and more. Further, bright white LEDs may also be utilized as flashes for mobile phones.  Furthermore, the current population is looking for smartphones with excellent battery life. Therefore, this need is satisfied by utilizing LED phosphate materials. Moreover, LEDs are free from any ionizing gas, and therefore they are considered to be the safest solution to handle. Also, the glass utilized in the production of these displays does not include any harmful substances. Therefore, this solution is expected to be environment-friendly and is a novel addition to the list of green technologies. 

Type (Phosphate, Garnet, Silicate, Nitride)

The nitride segment in LED phosphors market is poised to hold the highest revenue share of 49% over the forecast period. Nitride materials are the most preferred choice for a number of applications and scientific explorations, hence covering fields such as power electronics, optoelectronics, photonics, high-temperature electronics, and more. The direct band gap condition of nitrides-based materials, combined with their tunable emission attributes, expanding from near-infrared (NIR) to deep ultraviolet (DUV) region of the electromagnetic (EM) spectrum, build this material system acceptable for a number of photonic solutions such as LED. Furthermore, the fascinating electronic properties of nitrides, including high exciton-binding energy, high-temperature stability, and others, brand these materials more preferred option for room temperature operation, hence, providing the possibility of handling absorption characteristics through electronic means, hinged on optoelectronics devices, including light-emitting diodes (LEDs). As a result, with the growth in this segment the LED phosphors market is also set to rise.

Our in-depth analysis of the global market includes the following segments: