INTRODUCTION
STUDY GOALS AND OBJECTIVES
In this study, the goal of BCC Research is to determine the current status of the market for solid-state lighting equipment in the form of light-emitting diodes (LEDs), and to assess their growth potential from 2008 to 2009 and then to 2014. The types of LEDs and their value for various consumer and industrial applications are of particular interest.
A solid-state lighting initiative has been in place for the past 10 years and is targeted at replacing traditional lighting products, such as bulbs, with LEDs. BCC Research provides a comprehensive analysis of the progress to date and its overall market potential.
REASONS FOR DOING THE STUDY
High-brightness light-emitting diodes (HB-LEDs) operate much more efficiently than traditional light bulb products. They use a fraction of the power needed for bulb technology, have much longer operating lifetimes, and contain no substances that will harm the environment. Different material structures are used to fabricate these high-brightness devices, and their fabrication methods are unique.
BCC Research examined this market in August 2006, and we were anxious to see what progress had been made. The status of LEDs in five major industries is examined and they are compared to traditional bulb products.
INTENDED AUDIENCE
A study was made of the different types of HB-LEDs and the major materials used in five industry groups. An overview of different LED technologies and their fabrication processes, plus a global industry structure, are presented. A review of the HB-LED industry’s competitiveness is also presented. Within each industry, an overview of the key advantages of LED technology is included, as well as an analysis of market factors that will impact demand. Shipments of LEDs and their value are projected from 2008 to 2009 and then to 2014.
BCC Research also estimates the total number of individual LEDs being manufactured and presents an analysis of the materials used for substrates. This study will be of interest to those in the photonics industry manufacturers of solid-state devices, microelectronic manufacturers, those involved with automotive and transportation lighting systems, makers of mobile devices, traffic planners, municipal administrators, and those involved with general illumination in homes, offices, and industrial locations. It will also interest home designers, builders, and companies engaged in the manufacture of deposition equipment.
SCOPE OF REPORT
This study encompasses technologies and materials for fabricating colored and white LEDs. BCC Research assesses each technology and then focuses on where it is used. The five major industries using HB-LEDs are analyzed to evaluate their current market statuses and to develop future projections. Forecast of unit shipments and their values are made for 2008, 2009, and 2014. Various technical issues are discussed. In addition, a thorough economic analysis is presented.
BCC Research analyzes the high-brightness LED industry on a global basis, including manufacturing capability and consumption by various regional markets. We examine global government funding and support, industry involvement, standards, and other pertinent factors related to the success of solid-state lighting. We also review the various materials and material systems that create different colored LEDs and their potential technologies for the future.
METHODOLOGY
Both primary and secondary research methodologies were used in this study. BCC Research presents an analysis of the units shipped for 2008 for each industry. Our estimated value is what manufacturers have paid in nondepreciated U.S. dollars. Based on our research, we analyze the potential growth of each industry and forecast shipments for 2009 and 2014. We also analyze the costs of LEDs and present an estimated value of shipments for these same time periods.
INFORMATION SOURCES
We interviewed approximately 135 companies to obtain data for this study. Included were manufacturers of HB-LEDs, components, lighting devices, makers of fabrication equipment, and related materials. We also spoke with distributors of HB-LEDs, and with executives in the industries covered in this report. In addition, we spoke with lighting research organizations and compiled data from current financial and trade information, and government sources.
ANALYST CREDENTIALS
Bob Moran has worked as a technology market analyst and technology writer for more than 20 years, and is the author of numerous BCC Research reports. He has authored reports covering thin film deposition, photovoltaic solar technology, magnetic and optical storage, surface modification of polymers, and other technology topics. He has also served as the editor of BCC Research publications, including Display Industry News and Micro and Nanotechnology.
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DISCLAIMER
The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal, or accounting advice, nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product, because much of the information is speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or its use.
Report Code: SMC018C, Published: January 2010, Analyst: Bob Moran
