The Middle East and Africa LED Materials Market in 2022 was estimated at USD 0.81 billion and is expected to grow at a CAGR of 6.5% to become a USD 1.22 billion market.LED is an abbreviation that stands for Light Emitting Diode. When electricity passes through certain diodes they emit light whose characteristics depend on the chemical composition of the diode.
The compounds Gallium Arsenide Phosphide (GaAsP), Gallium Phosphide (GaP), and Gallium Arsenide (GaAs) are usually used to make the semiconductor in LED lights. Low Cost of Production and Maintenance, Durability, and Energy Efficiency of LED lights are among the key factors driving the growth of the LED materials market. They are also environmentally friendly as they consume far less electricity and this only helps their adoption by consumers. LED lights work very well even under extreme temperatures and can deliver the same output for long hours of operation, this has led to the widespread adoption of LED lights in Industry where the cost savings they bring are substantial.
Wafer
Phosphor
Substrate
Epitaxy
Among the LED materials, the wafer market is the largest by value followed by the epitaxy market
Backlighting
General Lighting (Residential, Industrial, and Outdoor)
Automotive Lighting (Interior, Exterior)
In view of the region, the Middle East and Africa LED Materials Market has been fragmented into countries
UAE
Saudi Arabia
Qatar
Ethiopia
South Africa
CREE, INC
NICHIA CORPORATION
OSRAM LICHT AG
SEOUL SEMICONDUCTOR CO., LTD
OPTO SEMICONDUCTORS
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