Global LED Production Equipment Market to Reach US$1.9 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for LED Production Equipment estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 4.5% over the period 2020-2027.Front-End, one of the segments analyzed in the report, is projected to grow at a 4.6% CAGR to reach US$725.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Back-End segment is readjusted to a revised 4.4% CAGR for the next 7-year period. This segment currently accounts for a 62.9% share of the global LED Production Equipment market.
The U.S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 7.4% CAGR for the Period of 2020-2027
The LED Production Equipment market in the U.S. is estimated at US$411.2 Million in the year 2020. The country currently accounts for a 28.83% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$346.9 Million in the year 2027 trailing a CAGR of 7.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR while Rest of European market (as defined in the study) will reach US$346.9 Million by the year 2027.We bring years of research experience to this 7th edition of our report. The 189-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Aixtron SE
- Jusung Engineering Co. Ltd.
- Taiyo Nippon Sanso Corporation
- Veeco Instruments Inc.