Global LED Wafer and Chip Market: Key companies & Market Forecast to 2032
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Global LED Wafer and Chip Market size was valued at US$ 18.76 billion in 2024 and is projected to reach US$ 28.45 billion by 2032, at a CAGR of 5.3% during the forecast period 2025-2032 LED Wafer and Chip Market Overview The LED Wafer and Chip Market encompasses the manufacturing and commercialization of wafers and chips used in Light Emitting Diodes (LEDs) . LED wafers serve as the substrate on which the LED is built, typically made from materials like sapphire, silicon carbide (SiC), or gallium nitride (GaN). These wafers are sliced into chips, which are then further processed and packaged for integration into lighting devices. LED chips are the actual light-emitting components that are embedded in various lighting applications ranging from residential and commercial lighting to electronics, automotive headlights, and aerospace signaling systems. The wafer and chip form the core of the LED’s functionality, dictating brightness, efficiency, and longevity. This ...