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HB-LED Market to Hit $46.05 billion in 2020

The report “Global Market Review and Forecast (2010-2020)” says the use of HB-LEDs in mobile/portable devices will remain a strong segment although OLEDs continue to take market share.

Market research firm ElectroniCast Consultants, has released a market review and forecast of the global consumption of packaged High Brightness Light Emitting Diodes (HB-LEDs).

 The review of 2010 plus the market forecast (2011-2020) is presented for HB- LEDs with a lumens/Watt rating of 30 to 70 lm/W, as well as HB-LEDs with a lumens/Watt rating of over 70 lm/W.

According to ElectroniCast, the global consumption of packaged HB-LEDs in 2010 was $10.09 billion.  In the year 2020, the worldwide consumption value is forecast to reach $46.05 billion (see Figure).


Market forecast data in the report refers to consumption for a particular calendar year, therefore this data is not cumulative.

“During the 2010-2020 timeframe covered in the ElectroniCast study report, decreasing average selling prices (ASPs) are forecast to cause challenging growth patterns in consumption value in some application segments. Therefore competitors need to choose the right “windows of opportunity” to climb through,” said Stephen Montgomery, Director of LED market research at ElectroniCast.

According to the study, use of HB-LEDs in Mobile/Portable Devices is forecast to remain a strong segment although OLEDs are continuing to take market share. The sector is relatively mature versus other sectors and it already has a substantial consumption value. However, there are some emerging “stars” in the portable device category with a very impressive growth pattern forecast for WLEDS (white HB-LEDS).

In terms of consumption value, the use of HB-LEDs in the vehicle category is forecast to multiply by a factor of 7 times, before eventually slipping in value, since declining average prices will offset rising quantity growth in some LED colour segments. 

The use of HB-LEDs in stationary or non-vehicle signals is forecast to increase at an average growth rate of 25.8 % (2010-2015) and the use of HB-LEDs in SSL-General Lighting products is forecast to be explosive between 2010 and 2020.

The use of HB-LEDs in the signage/professional display application is forecast to increase at an impressive growth pattern eventually consuming over $6 billion in 2020.

Consumption of HB-LEDs in other miscellaneous applications will become much more segmented with opportunities and accountable, partially attributed to the fact that the tracking of the product use will be more evident, aided by automated inventory and purchasing management at the retail and other supply levels.

In the consumer backlighting of TV/desktop monitor category, the number of packaged white light emitting diodes that are required per back lighting unit will decline. This will be due to increased luminous efficacy and improvements in supporting optics such as waveguides, components and packaging.

At the moment, ElectroniCast foresees ideas and eventually concepts about 3-7 years before innovation solutions are announced in the public domain.

“Therefore, as we are looking as far as 10-years, many of the future products for the 2020 marketplace are not even at the idea-stage yet.  It is also important to note that we, in effect, forecast lighting demand growth, which will drive demand for increased capability/capacity HB-LEDs,” Montgomery added.

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