Light-Emitting Diodes (LEDs) for Lighting Applications

Published - Jun 2012| Analyst - Andrew McWilliams| Code - SMC018D
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Report Highlights

The market for Light-emitting Diodes (LEDs) for Lighting Applications is projected to reach $19.5 billion in 2012 and $31.4 billion in 2017, a CAGR of 9.9% between 2012 and 2017.

Report Scope

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.  Forecasts of unit shipments and their values are made for 2011, 2012 and 2017.  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.  It examines global government funding and support, industry involvement, standards, and other pertinent factors related to the success of solid-state lighting.  BCC also reviews the various materials and material systems that create different colored LEDs and their potential technologies for the future.

Analyst Credentials

The original report on which this update edition is based was prepared by Bob Moran.  Mr. 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.

The analyst responsible for updating the report is Andrew McWilliams, a partner in the Boston–based international technology and marketing consulting firm, 43rd Parallel LLC.  Mr. McWilliams is the author or coauthor of many other BCC studies, including studies in related fields such as NAN031D Nanotechnology: A Realistic Market Assessment; NAN036B Nanotechnology for Photonics: Global Markets; AVM078A New Electronic Materials and Device Technologies: Global Markets; and EGY053C Advanced Materials and Devices for Renewable Energy: Global Markets.

Table of Contents & Pricing

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Published - Jan-2010| Analyst - Robert Moran| Code - SMC018C

Report Highlights

  • Global shipments of high-brightness LEDs reached $5.6 billion in 2008. The market dipped slightly to $5.4 billion in 2009, but is expected to increase at a compound annual growth rate (CAGR) of 8.7% through 2014 to $8.2 billion.
  • LED shipments for the automotive market declined from $849.5 million in 2008 to $766.6 million in 2009. Shipments of LEDs in the automotive sector will reach $1.3 billion annually by 2014, a 5-year compound annual growth rate (CAGR) of 11.5%.  
  • Display backlighting has been and still is a growing market for LEDs. Shipments reached $933 million in 2009 and are anticipated to rise to $1.5 billion by 2014, a 5-year compound annual growth rate (CAGR) of 11.1%.

Published - Aug-2006| Analyst - Robert Moran| Code - SMC018B

Report Highlights

  • Shipments of high-brightness light emitting diodes reached $4.8 billion in 2005. They are projected to grow at a 13.1% rate to $6.5 billion in 2006 and then increase at a 10.3% rate to reach $8.8 billion through 2011.
  • The mobile device LED market, the largest at this time, saw shipments of $2.8 billion in 2005. They will grow at a 9.6% rate to reach $3 billion by 2006 and then level off, as mobile devices experience some market saturation, to increase at a 5.9% rate to amount to $4.1 billion in 2011.
  • Display backlighting is a growing market for LEDs. Shipments reached $513 million in 2005 and will grow at a 45% rate to adjust to larger screens and amount to $744 million by 2006, and continue at a 21.6% rate to reach $1.9 billion by 2011.
Published - Apr-2003| Analyst - Robert Moran| Code - SMC018A

Report Highlights

  • HB-LED shipments will rise at an average annual growth rate (AAGR) of 18.5% to reach $3.3 billion by 2007.
  • Automotive market HB-LEDs will average 33% annual growth through 2007.
  • Display backlighting will grow at an AAGR of 24% to reach $1.5 billion in 2007.
  • HB-LED traffic light units will increase to 26.7 million by 2007.
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