How big is the LED Phosphors Market?

The LED Phosphors Market size is expected to reach USD 0.56 billion in 2024 and grow at a CAGR of 20% to reach USD 1.40 billion by 2029. Read More

What is the current LED Phosphors Market size?

In 2024, the LED Phosphors Market size is expected to reach USD 0.56 billion. Read More

Which is the fastest growing region in LED Phosphors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in LED Phosphors Market?

In 2024, the Asia-Pacific accounts for the largest market share in LED Phosphors Market. Read More

What years does this LED Phosphors Market cover, and what was the market size in 2023?

In 2023, the LED Phosphors Market size was estimated at USD 0.45 billion. The report covers the LED Phosphors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the LED Phosphors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

LED Phosphors Market Share

Statistics for the 2023 & 2024 LED Phosphors market share, created by Mordor Intelligence™ Industry Reports. LED Phosphors share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of LED Phosphors Industry

The LED phosphors market is fragmented with key players like Beijing Yuji International Co. Ltd, Intematix Corporation, Phosphor Tech Corporation, Denka Co. Ltd, and Nichia Corporation, among others. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

In November 2022, Cree LED, an SGH company, announced the release of PhotophyllTMSelect LEDs, an advanced horticulture spectrum available on the XLamp XP-G3 LEDs and the J Series 2835 3V G Class LEDs. LEDs made with PhotophyllSelect have been thoroughly characterized in horticulture metrics, allowing luminaire manufacturers to easily adjust blue/green/red spectral ratios to meet specific plant needs.

In April 2022, Denka Company Ltd. established a new business development. It restructured its companywide research and new business development framework to promote activities further to create new businesses and ensure the sustainable growth of its existing businesses.