The Japanese market research institute Fuji Research Institute announced on the 17th that the LED substrate and its materials, the relevant application market survey report: the large-scale production of Chinese manufacturers, although the LED substrate prices fell, but driven by the increased demand for white LED substrates for lighting, Boosting the overall LED substrate market will be flat to a slight increase. It is estimated that the global LED substrate market size (in terms of amount) will exceed 2 trillion yen in 2025, and will reach 2 trillion 77.4 billion yen. It grew by 8.7% compared to 2017.
The above institutions pointed out that the LED display market in 2018 is expected to grow by 20.3% from 2017 to 930,000 square meters (m2), and is expected to expand to 2.1 million m2 in 2025, which will reach 2.7 times in 2017.
In addition, it also pointed out that the market size of LED phosphors in 2018 is expected to grow by 11.9% from 2017 to 77.1 billion yen, and is expected to expand to 113.9 billion yen in 2025, which will increase by 65.3% compared with 2017.
In terms of quantity, the market size of the phosphor powder in 2018 is expected to grow by 23.5% to 200 tons compared with 2017. It is expected to expand to 361 tons in 2025 and 1.2 times (increase 120%) compared with 2017.
