Taipei, Thursday, June 30, 2016 09:50 (GMT+8)
thunderstorms
Taipei
31°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 invests more capital into overseas subsidiary

    Mobile + telecom - Stockwatch | 11h 57min ago

  • GDDC running PV power-generating station in New Jersey

    Green energy | 12h 42min ago

  • Qualcomm Snapdragon 600 and 800 processors to support Google Tango

    Before Going to Press | 12h 9min ago

  • Taiwan market: Acer expects notebook share to reach 22% in 2Q16

    Before Going to Press | 12h 10min ago

  • PCB maker Tripod Wuxi subsidiary increases capital

    Before Going to Press | Jun 29, 20:55

  • Quanta Storage to deal out 2015 dividend of NT$1.20

    Before Going to Press | Jun 29, 20:46

  • Samsung Display talking about selling 7G LCD factory, says report

    Before Going to Press | Jun 29, 20:44

  • Digitimes Research: Japan-based vendors launch only 3 new consumer digital camera models in 2Q16

    Before Going to Press | Jun 29, 20:43

  • UMC orders equipment for Xiamen fab

    Before Going to Press | Jun 29, 20:42

  • Notebook-related IC suppliers expect to enjoy double-digit revenue growth in 3Q16

    Before Going to Press | Jun 29, 20:42

  • ASE buys equipment from Teradyne

    Before Going to Press | Jun 29, 20:42

  • MediaTek joins China Mobile 5G joint innovation center

    Before Going to Press | Jun 29, 20:41

  • Digitimes Research: Photonics Festival in Taiwan features automotive LED lighting

    Before Going to Press | Jun 29, 20:41

  • TSMC 3Q16 revenues to rise almost 20%, says report

    Before Going to Press | Jun 29, 20:40

  • TSMC orders equipment for NT$3 billion

    Before Going to Press | Jun 29, 20:39

  • Ability Enterprise to deal out 2015 dividend of NT$1.50

    Before Going to Press | Jun 29, 20:39

  • Microsoft said to release Surface AIO in 3Q16

    Before Going to Press | Jun 29, 20:39

Pause
 | 
View more

Taiwan server shipment forecast and industry analysis, 2016

RESEARCH EXTRAS | Apr 1, 15:47

Strong demand from the cloud computing market helped Taiwan's server shipments grow 12.5% on year to break 10 million units in 2015, accounting for 90.7% of worldwide shipments and the percentage is expected to grow to 91.1% in 2016. This Digitimes Research Special...

China smartphone touch-panel industry 2016 forecast

CHINA SMARTPHONE | Feb 6, 17:23

In 2016, China's smartphone panel capacity is expected to increase steadily, with BOE and Tianma expanding 6G capacity and GVO and Truly Optoelectronics increasing their share of handset panel production. This Digitimes Research Special Report analyzes the key...

Global tablet market – 1Q 2016

GLOBAL TABLET | Jun 1, 14:09

There were an estimated 44.89 million tablets shipped globally during the first quarter of 2016, falling 31.3% on quarter and 12.1% on year.

China smartphone AP shipments – 1Q 2016

CHINA SMARTPHONE AP | May 27, 16:04

First-quarter 2016 smartphone AP shipments in China were slow with a sequential decrease of 16.9%.

Taiwan handsets – 1Q 2016

TAIWAN MOBILE DEVICE | May 26, 16:04

Taiwan's handset brand vendors and ODMs both saw sharp declines in their shipments in the first quarter of 2016. The brand vendors' shipments will improve in the second quarter due to launches of new models, but the ODM shipments will drop further.

UMC
Wireless broadband developments in Southeast Asia markets
Analysis of China revised domestic semiconductor industry goals
  • Wireless broadband developments in Southeast Asia markets

    As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.

  • 2015 global tablet demand forecast

    This Digitimes Research Special Report provides a 2015 forecast for the global tablet market and analyzes the strategies of key market players such as Google, Apple, Intel, and Microsoft.

  • 2015 China smartphone panel trend forecast

    This Digitimes Research Special Report analyzes the strategies of key China-based major panel makers BOE, Tianma and IVO for attacking the different market segments through technology and pricing, and their relationship to local vendors Huawei, Lenovo, ZTE, Xiaomi and Coolpad.