Taipei, Wednesday, August 27, 2014 20:52 (GMT+8)
partly cloudy
Taipei
30°C
Global high-brightness LED market forecast
Jessie Lin, DIGITIMES Research, Taipei [Monday 18 March 2013]
Registration required (free) to purchase. Please sign in if you wish to continue.
Digitimes Research forecasts that the global LED lighting market will be worth US$25.4 billion in 2013, representing 54% growth on the 2012 figure of US$16.5 billion, while the LED lighting penetration rate will also rise to 18.6%. This report covers the various areas of the LED market including applications, LED street prices and the main players in the global LED supply chain, with forecasts mostly extending to 2015.
Abstract
Global LED lighting market size and penetration rates, 2009-2015 (US$m)

Digitimes Research forecasts that the global LED lighting market will be worth US$25.4 billion in 2013, representing 54% growth on the 2012 figure of US$16.5 billion, while the LED lighting penetration rate will also rise to 18.6%. In terms of technological improvements, the luminous efficacy of LEDs compared to traditional lighting continues to rise. Given that the US Department of Energy (DoE) development targets were set at 129 lm/W for warm white light LEDs and 164 lm/W for cold white light LEDs, a quick look at the track record of many manufacturers shows that the industry has surpassed the brightness standards set out in the DoE targets every year since their inception.

LED lighting product prices are likely to drop by 20-25% in 2013, as LED component performance/price ratios rise from 2012's 500 lm/US$ to 1,000 lm/US$ in 2013.

Looking further ahead to 2015, the US DoE targets are for LED component costs to drop 37% from 2013 levels, while 60W-equivalent LED bulb costs are to drop by 38% from 2013 levels by 2015. Assuming this is the case, LED lighting prices will then be at a price point even more acceptable to general consumers.

Lighting policy in many countries is also critical to the development of LED lighting, and this effect has been most marked in the Asia region. For example, Japan now has the highest LED lighting market penetration rate of any region, with the rate set to rise to 73.8% by 2015; South Korea's Korea Association for Photonics Industry Development (KAPID) projects that the country's LED lighting industry will have an output value of US$7.8 billion by 2015, 5.6 times the figure for 2012; while China's LED lighting market is growing by 30% per year, which will give the country nearly one third of total global output value for LED lighting in 2015.

All of these factors are driving major growth in the LED lighting market. Digitimes Research therefore projects that the global LED lighting market will be worth US$44.2 billion in 2015, while the market penetration rate will reach 38.6%.

Table of contents
Price: NT$48,000 (approx. US$1,685)
Realtime news
  • HTC to launch HTC Desire 820, Desire 510 in 4Q14

    Before Going to Press | 17min ago

  • LED driver IC vendors look to flat performance in 3Q14

    Before Going to Press | 30min ago

  • VMware may look to form deeper partnerships with Taiwan white-box server players

    Before Going to Press | 31min ago

  • Panel makers see increased orders for vehicle applications

    Before Going to Press | 34min ago

  • AUO to expand in public and commercial segments with new lineup of Ultra HD displays

    Before Going to Press | 36min ago

  • Motherboard price competition expands to Europe

    Before Going to Press | 38min ago

  • Handset brands launching more Android Wear-based devices

    Before Going to Press | 38min ago

  • China TV vendors changing product mixes to focus more on high-end units for 2H14

    Before Going to Press | 55min ago

  • Production schedules at 12-inch fabs begin to loosen

    Before Going to Press | 1h 3min ago

  • Digitimes Research: China small- to medium-size panel shipments to increase 12.9% in 2H14

    Before Going to Press | 1h 4min ago

  • Innolux notebook panel supply currently faces 20% shortage

    Before Going to Press | 1h 19min ago

  • AUO, Innolux have order visibility until 4Q14

    Before Going to Press | 1h 24min ago

Pause
 | 
View more

Analysis of China's revised domestic semiconductor industry goals

RESEARCH EXTRAS | Jul 16, 18:09

Facing a funding shortage for local IC manufacturers, the China State Council in June 2014 published guidelines to strengthen government support for China's semiconductor industry, while stating the short-, mid-, and long-term goals for the related industry supply...

The transition to 4k TV - UHD TV market forecast, 2014-2017

RESEARCH EXTRAS | Jun 26, 13:59

Ultra HD TV vendors are facing challenges due to an overall slowdown in the TV industry and are concerned whether relative supply chains can provide compatible Ultra HD content and services. However, trends show that content makers as well as panel and chip makers...

Taiwan LCD monitors – 2Q 2014

TAIWAN FPD | Aug 25, 14:48

Taiwan's monitor shipments grew 10% in the second quarter compared to a low first-quarter base. With panel makers reducing their supply of monitor applications and monitor vendors reluctant to increase their shipments, Taiwan's makers will only see a single-digit...

China smartphone market and industry – 2Q 2014

CHINA SMARTPHONE | Aug 12, 17:41

A delay in the launch schedule for low-cost 4G smartphones resulted in a mere 4.8% increase in second quarter shipments in the China market. However, with telecom operators planning on increasing their subsidies in the second half of the year, demand will be...

Taiwan small- to mid-size LCD panels – 2Q 2014

TAIWAN FPD | Aug 6, 21:18

Taiwan makers' small- to medium-size panel shipments reached 351.4 million units in the second quarter of 2014, up 16.8% sequentially but down 2.8% on year.

UHD TV market forecast, 2014-2017
DIGITIMES Marketing Services
Greater China touch panel shipment forecast through 2015
  • 2014 global high brightness LED market, trends and shipment forecast

    For the global LED lighting market, the market size will reach US$25.82 billion in 2014 or a market penetration rate of 23.4%. This is attributable to exponential shipment growth for light bulbs, tubes, and directional lamps.

  • Greater China touch panel shipment forecast through 2015

    This Special Report provides forecasts through 2015 for Greater China touch panel shipments with breakdowns based on technology (glass, film, resistive), application (smartphone, NB and tablet) and by firm.

  • 2014 global tablet demand forecast

    This report analyzes the main players, their strategies and shipments forecasts for 2014, as well as other factors contributing to either growth or decline in various segments within the tablet market, with a particular focus on Apple, Google, Samsung, and Microsoft, along with whitebox vendors.