Light-Emitting Diodes (LEDs) for Lighting Applications
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.
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.
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
- Global Hydrogen Economy: Merchant Hydrogen and Hydrogen Purification Technologies (EGY055E)
- Composite Fabrication Technologies: Global Markets to 2023 (MFG054A)
- Global Markets and Technologies for Food Safety Testing (FOD011K)
- Advanced Ceramics and Nanoceramic Powders (NAN015J)
- The Global Market for Membrane Microfiltration (MST028G)
- 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%.
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.
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.