LED Phosphors Market Size 2025-2029
The led phosphors market size is valued to increase by USD 3.42 billion, at a CAGR of 18.4% from 2024 to 2029. Adoption of LED phosphors in automotive industry will drive the led phosphors market.
Major Market Trends & Insights
- APAC dominated the market and accounted for a 49.7% growth during the forecast period.
- By Application - Smartphones segment was valued at USD 634.4 million in 2023
- By Type - YAG phosphors segment accounted for the largest market revenue share in 2023
Market Size & Forecast
- Market Opportunities: USD 4.23 billion
- Market Future Opportunities: USD 3.42 billion
- CAGR from 2024 to 2029 : 18.4%
Market Summary
What will be the Size of the LED Phosphors Market during the forecast period?
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How is the LED Phosphors Market Segmented?
The led phosphors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
- Application
- Smartphones
- LCD TVs
- Laptops and tablets
- Automotive
- Others
- Type
- YAG phosphors
- Silicate phosphors
- Nitride phosphors
- End-user
- Residential
- Commercial
- Industrial
- Geography
- APAC
- China
- Japan
- South Korea
- Europe
- Germany
- UK
- France
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of World (ROW)
- APAC
By Application Insights
The smartphones segment is estimated to witness significant growth during the forecast period.
The Smartphones segment was valued at USD 634.4 million in 2023 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 49.7% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise in the adoption of LED Phosphors Industry?
What are the market trends shaping the LED Phosphors Industry?
What challenges does the LED Phosphors Industry face during its growth?
Exclusive Technavio Analysis on Customer Landscape
The led phosphors market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the led phosphors market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of LED Phosphors Industry
Competitive Landscape
Companies are implementing various strategies, such as strategic alliances, led phosphors market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Bridgelux Inc. -
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Bridgelux Inc.
- Citizen Watch Co. Ltd.
- Denka Co. Ltd.
- EPISTAR Corp
- Everlight Electronics Co. Ltd.
- Intematix Corp.
- Lumileds Holding BV
- Materion Corp.
- Merck KGaA
- Mitsubishi Chemical Corp.
- Nichia Corp.
- OSRAM GmbH
- Phosphortech Corp.
- Seoul Semiconductor Co. Ltd.
- SMART Global Holdings Inc.
- Yantai Tongli High tech New Materials Co. Ltd.
- Yuji International Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Led phosphors market
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled LED Phosphors Market insights. See full methodology.
| Market Scope | |
|---|---|
| Page number | 295 |
| Base year | 2024 |
| Historic period | 2019-2023 |
| Forecast period | 2025-2029 |
| Growth momentum & CAGR | Accelerate at a CAGR of 18.4% |
| Market growth 2025-2029 | USD 3417.8 million |
| Market structure | Fragmented |
| YoY growth 2024-2025(%) | 15.6% |
| Key countries | China, Japan, South Korea, India, Taiwan, Vietnam, Germany, UK, France, Italy, The Netherlands, Spain, US, Canada, Mexico, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa, Egypt and Nigeria |
| Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Research Analyst Overview
What are the Key Data Covered in this LED Phosphors Market Research and Growth Report?
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What is the expected growth of the LED Phosphors Market between 2025 and 2029?
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USD 3.42 billion, at a CAGR of 18.4%
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What segmentation does the market report cover?
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The report is segmented by Application (Smartphones, LCD TVs, Laptops and tablets, Automotive, and Others), Type (YAG phosphors, Silicate phosphors, and Nitride phosphors), End-user (Residential, Commercial, and Industrial) and Geography (APAC, Europe, North America, South America, Middle East and Africa)
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Which regions are analyzed in the report?
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APAC, Europe, North America, South America and Middle East and Africa
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What are the key growth drivers and market challenges?
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Adoption of LED phosphors in automotive industry, Slowdown of the global automotive industry
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Who are the major players in the LED Phosphors Market?
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Bridgelux Inc., Citizen Watch Co. Ltd., Denka Co. Ltd., EPISTAR Corp, Everlight Electronics Co. Ltd., Intematix Corp., Lumileds Holding BV, Materion Corp., Merck KGaA, Mitsubishi Chemical Corp., Nichia Corp., OSRAM GmbH, Phosphortech Corp., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., Yantai Tongli High tech New Materials Co. Ltd. and Yuji International Co. Ltd.
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Market Research Insights
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