LED Material Market Is Projected To Grow At A CAGR Of Over 9%, In Value Terms, During 2015-2025
Global led material market is projected to grow at a CAGR of over 9%, in value terms, during 2015-2025 . Increase in demand for energy efficient LED’s, increasing use of Infrared LEDs in automotive, consumer durables and other industries , growing penetration of these LEDs in smartphones, surveillance systems and other segments, growing adoption of infrared LEDs in remote sensing and hyper spectral imaging and increasing usage of infrared technology in sensors are some factors, that will propel the demand for LED material over the next five years. APAC is anticipated to remain a strong contributor in the LED material market in the forecast period, owing to increased adoption rate and government incentives. APAC is expected to register faster CAGR than any other region, backed by growing opportunities from automotive sector. Years considered for this report: Historical Year : 2014 - 2017 Base Year : 2018 Estimated : 2019 Forecast : 2020 - 2024 Click here to download the broc...