LED Lighting Growth Update

This week, LED lighting market research firm Strategies Unlimited announced some very positive research about LED lighting as well as the LED industry as a whole.  Strategies Unlimited measured the LED component revenue for lighting applications and noted that it reached $3.11 billion in 2012, just beating out the large area display backlight segment at $3.06 billion for top LED application.

This is good news for sapphire, as the substrate for more than 80 percent of the world’s LEDs. The more demand for LEDs and LED lighting, the greater demand for sapphire. Examining lighting further, Strategies Unlimited said that the total illumination market for 2012 is estimated at $14.52 billion.  LED lighting, including LED replacement lamps and luminaires, is estimated at $11.72 billion—an increase of 26% between 2011 and 2012—and it is forecast to grow at a CAGR of 12% over 2012-2017.

Another interesting area of growth is the automotive market.  Beyond the Audi A8s with their signature eyebrow LED headlights, LEDs are catching on with other auto makers.  Strategies Unlimited puts the total market for LEDs in the automotive segment at $1.4 billion in 2012 and estimates that it will grow to $2.1 billion in 2017. Where’s the growth?  The firm says the number of cars with LED headlights nearly doubled in 2012.  LED daytime running lights also contributed to the growth.

Here’s a look at how LED applications break out according to Strategies Unlimited:

Strategies Unlimited, Worldwide LED Revenue Forecast by Market Segment (Source: Solid State Technology)

 

 

 

 

 

 

Further Reading

Strategies Unlimited, WORLDWIDE LED COMPONENT MARKET GROWS 9% WITH LIGHTING RANKING FIRST AMONG ALL APPLICATION SEGMENTS,ACCORDING TO STRATEGIES UNLIMITED, http://www.strategies-u.com/articles/2013/02/worldwide-led-component-market-grew-9–to–13-7-billion-with-lig.html

Solid State Technology, Worldwide LED component market grows 9% with lighting, http://www.electroiq.com/articles/sst/2013/02/worldwide-led-component-market-grows-9-percent-with-lighting-.html?cmpid=EnlLedFebruary132013

 

 

 

 

This entry was posted in LED, LED light bulb, LED lighting, LED lighting featured, Research, Solid State Lighting, SSL and tagged , , , , , , , , by Beth. Bookmark the permalink.

About Beth

It seems like LEDs are in everything these days – backlighting everything from your mobile phone, Apple iPad and flat screen HDTV to traffic lights, light bulbs and even the kitchen sink. But, making LEDs is a complex process that begins with the creation of sapphire. Not the pretty blue gemstone, but large commercial crystals that can weigh as much as 400 lbs. Once these large sapphire crystals are grown into boules and cooled, they’re cut into cores, cut further into flat circular wafers, polished and then used to grow LEDs. About 85 percent of HB-LEDs (high brightness) are grown on sapphire. There’s not that much information out there about the process. This blog is meant to shed some light (excuse the pun) on sapphire, LEDs and the industry that is devoted to making our lives just a little brighter. In the months ahead, we’ll tackle some topics that will help you understand a little more about sapphire and LED industry. Here’s a sample of what we’ll cover in the coming months: • Growing sapphire • For a wafer, size matters • Quality - When sapphire wafers go bad • LED light bulbs • Market & myths • Interviews with industry shining stars • Reports from industry events • Current events in perspective Please join us each week to learn more about sapphire and the LED market. We look forward to seeing you.

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