Market for Hi-brightness LEDs continues to show double-digit growth

Market news |
By eeNews Europe

LED lighting applications are estimated to account for 30% of all LED applications in 2013. Among all LED applications, the percentage of medium and large-size LED backlight applications is forecast to drop to 27.6% in 2013 due to falling shipments of notebooks and monitors. In addition, direct-lit LED TVs require fewer LEDs per unit.

The global LED lighting market is likely to achieve an output value of US$25.4 billion in 2013. The penetration rate is expected to grow because there is still room for price drops for LED products. Digitimes estimates the price reductions at around 20-25% in 2013. In addition, the price-performance ratio of LED components in 2013 is forecast to reach 1,000lm/US$1. Furthermore, commercial tubes and ceiling lights that use a higher number of LEDs are the focus for commercial users in 2013, which will help to increase the penetration rate of LED lighting among all lighting products.

Digitimes Research estimates the combined market share of the top 10 LED lighting firms in 2013 at 45%. Of these, Osram and Philips as the two largest ones will have a combined market share of 23.1%.


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