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The LED production equipment market share is expected to increase to USD 455.07 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.2%.
This LED production equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers LED production equipment market segmentations by product (front-end LED production equipment and back-end LED production equipment) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The LED production equipment market report also offers information on several market vendors, including 3D Micromac AG, 4JET Technologies GmbH, Accent Pro 2000 s.r.l., AIXTRON SE, Apex Sound and Light Corp., Applied Materials Inc., ASM Pacific Technology Ltd., Canon Inc., Coherent Inc., FAROAD, JUSUNG ENGINEERING Co. Ltd., Manncorp, Notion Systems GmbH, Shanghai Micro Electronics Equipment Group Co. Ltd., Shenzhen ETON Automation Equipment Co. Ltd., Shenzhen JAGUAR Automation Equipment Co. Ltd., SMTnet, Taiyo Nippon Sanso Corp., ULVAC Inc., and Veeco Instruments Inc. among others.
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The increasing government support for the production and sales of LEDs is notably driving the LED production equipment market growth, although factors such as challenges in manufacturing micro-LEDs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the LED production equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key LED Production Equipment Market Driver
Key LED Production Equipment Market Trend
Key LED Production Equipment Market Challenge
This LED production equipment market analysis report also provides detaiLED information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global light-emitting diode (LED) production equipment market as a part of the global semiconductor equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the LED production equipment market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the LED production equipment market encompasses successful business strategies deployed by the key vendors. The LED production equipment market is fragmented and the vendors are deploying growth strategies such as innovative technological features, price, reputation, distribution, and global brand presence to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The LED production equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the LED production equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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51% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for the LED production equipment market in APAC. Market growth in this region will be slower than the growth of the market in Europe.
The demand for LEDs from automotive original equipment manufacturers (OEMs) has increased, which will facilitate the LED production equipment market growth in APAC over the forecast period. This market research report entails detaiLED information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted the regional LED production equipment market. However, in H2 2021, the introduction of COVID-19 vaccines led to a decline in the number of COVID-19 cases, which resulted in the lifting of most COVID-19-related restrictions in the region. These factors led to an increase in demand for LED production equipment from major end-users. Hence, the regional LED production equipment market will continue to witness growth during the forecast period.
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The LED production equipment market share growth by the front-end LED production equipment segment will be significant during the forecast period. LED manufacturers can choose between methods such as dry etching and wet etching to produce patterned sapphire substrate (PSS) wafers. Even though LEDs based on dry-etched PSS wafers are considered efficient light sources, the dry etching process is comparatively slow. For instance, these can take up to 30-60 minutes to etch a standard 2-inch wafer, depending upon the type of film used and the depth of the pattern being etched. Thus, the availability of such advanced LED production equipment is expected to augment the growth of the front-end LED production equipment segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the LED production equipment market size and actionable market insights on post COVID-19 impact on each segment.
LED Production Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.2% |
Market growth 2022-2026 |
$ 455.07 million |
Market structure |
Fragmented |
YoY growth (%) |
4.2 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 51% |
Key consumer countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiLED |
3D Micromac AG, 4JET Technologies GmbH, Accent Pro 2000 s.r.l., AIXTRON SE, Apex Sound and Light Corp., Applied Materials Inc., ASM Pacific Technology Ltd., Canon Inc., Coherent Inc., FAROAD, JUSUNG ENGINEERING Co. Ltd., Manncorp, Notion Systems GmbH, Shanghai Micro Electronics Equipment Group Co. Ltd., Shenzhen ETON Automation Equipment Co. Ltd., Shenzhen JAGUAR Automation Equipment Co. Ltd., SMTnet, Taiyo Nippon Sanso Corp., ULVAC Inc., and Veeco Instruments Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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