|By PR Newswire||
|January 29, 2014 07:01 PM EST||
DUBLIN, Ireland, January 29, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/86wmhg/status_of_the_led) has announced the addition of the "Status of the LED Industry - Forecasts to 2020 report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
GENERAL LIGHTING APPLICATIONS HAVE TAKEN OFF
Growth of the LED industry has come initially from the small display application and has been driven forward by the LCD display application. In 2012, General Lighting has surpassed all other applications, representing nearly 39% of total revenue of packaged LEDs. Indeed, the LED TV crisis of 2011 (following an overestimation of the market) had the benefit of decreasing LED prices and intensifying the competitive environment. As a matter of fact, LED-based lighting product prices have decreased more rapidly than expected, increasing the penetration rate of the technology.
Yole Développement estimates packaged LED will reach a market size of $13.9B in 2013 and will peak to $16B by 2018. Growth will be driven mainly by General Lighting applications (45% to 65% of total revenue during this period), completed by display applications.
OTHER APPLICATIONS ARE STILL IN MOTION
Regarding display and other applications, most products currently on the market integrate LED technology. Saturation mixed with strong price pressure and competition from OLED will make most of these markets decline starting from 2013 / 2014. Contrary to General Lighting, overcapacity (inducing price pressure) has engendered a decrease in market size more rapidly than predicted.
The report presents all applications of LED and associated market metrics within the period 2008-2020, detailing for each application: drivers & challenges, associated volume and market size (packaged LED, LED die surface), penetration rate of LEDs, and alternative technologies (). For General Lighting, a deeper analysis is developed with details on each market segment.
TO KEEP THE MOMENTUM, LED-BASED LIGHTING PRODUCT COSTS STILL NEED TO BE REDUCED
Cost represents the main barrier LEDs must overcome to fully compete with incumbent technologies. Since 2010, the price of packaged LEDs have sharply decreased, which has had the consequence of decreasing the price of LED-based lighting products.
However, to maintain the growth trajectory, more efforts are needed in terms of price. LED still has some potential for cost reduction, but widespread adoption will also require manufacturers to play on all components of the system (drivers, heat sink, PCB).
The report presents LED-based lighting product cost reduction opportunities, detailing: cost structure of packaged LED and LED lamps, key technologies and research areas ().
Key Topics Covered:
Objectives of the report
About the author of the report
What we saw and what we missed
1. Executive summary
2. Packaged LED forecast
3. Display Applications
4. Sign and outdoor display applications
5. Projector applications
6. Personal lighting applications
7. Automotive lighting applications
8. General lighting applications: Lumen consumption forecast
9. General lighting applications: Driving forces, status and trends
10. General lighting applications: Design trends
11. General lighting applications: Market segment review
12. General lighting applications: Analysis by region
13. General lighting applications: Conclusion
14. Mergers and acquisitions: in the LED industry
15. Chinese LED industry
16. Emerging LED technologies
17. General conclusion
- International Energy Agency
- QD Vision
- Redwood Systems
- Samsung LED
For more information visit http://www.researchandmarkets.com/research/86wmhg/status_of_the_led
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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