LED Phosphors Market Segmentation:
Type Segment Analysis
The silicate segment is anticipated to occupy a 39.7% share over the forecast period due to its high luminous efficacy, color rendering, and cost-effectiveness. Silicate phosphors are generally used in general lighting, displays, and automotive applications because they are stable and are compatible with blue LED chips. Denka introduced a new silicate-based phosphor with a higher quantum yield for general lighting in March 2023, with a longer life of operation and improved lumen maintenance. The growth is supporting the dominance of the segment, with the firm searching for cost-effective, high-output LED technology.
Application Segment Analysis
The smartphone segment is expected to register a CAGR of 9.5% between 2025 and 2037 as a result of the spread of high-resolution, energy-efficient displays. Persistent phosphors are being integrated into smartphone backlights and point-of-care diagnostic devices, making them brighter and having longer battery life. LG Innotek declared in March 2024 the use of better garnet phosphors in microLED modules in smart TVs and smartphones, reducing energy consumption while maintaining HDR brightness. This indicates the adoption of phosphors that power ultra-thin, high-contrast, and power-saving displays.
Our in-depth analysis of the global LED phosphors market includes the following segments:
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