LED Market To Boom In Asia Pacific Region
ElectroniCast Consultants has released a new market forecast of the global market consumption of packaged LEDs used in signage and professional displays.
According to the firm's " Global Market Review & Forecast (2011-2017) ", the consumption value will increase with rising quantity growth largely offset by declining average prices.
Global consumption value LEDs used in signage & professional displays in 2011 was over $1.63 billion, up from $1.5 billion in 2010. In the year 2017, consumption is forecast to reach $3.3 billion. In terms of consumption value, high brightness (HB) LEDs hold a relative market share of nearly 67 percent for the year 2012.
Light Emitting Diode (LED) Used in Signage & Professional Display Global Market Forecast ($, Billion)
The American region (South, Central and North America) and the Asia Pacific region (APAC) are even in market share (2012). However, the APAC region is forecast to expand at a faster pace.
The Europe, Middle East and African region (EMEA) holds over a 20 percent share of global consumption value in 2012 but is forecast for relatively flat growth for the next few years.
This 2011-2017 market review and forecast considers standard-type versus HB-LEDs used in signage and professional displays. HB-LEDs defined by ElectroniCast, are component-level bulbs with a Lumens/Watt rating of 30 lm/W and above.
Standard-type LEDs are considered to have a rating of less than 30 lm/W. This application category covers LEDs that are used in signs and displays. This includes LEDs used in building facades, large outdoor video screens, digital billboards, sport/stadium displays, small indoor retail displays, food displays (restaurants/ supermarkets), signs on taxis and destination signs on mass-transit vehicles, channel-lettering/light-boxes, LED/LCD TV screens (used exclusively for professional purposes), amongst other applications.
The market share leader, in terms of volume (the quantity/number of LEDs), are the standard-type LEDs, with over 95 percent in 2012; however, since there is a huge difference in average selling prices between HB-LEDs and standard LEDs, HB-LEDs hold the consumption value leadership position.
The High-Brightness (HB) category also includes Ultra-High Brightness (UHB) LEDs with a Lumen/Watt rating of over 70lm/W. The ASP for both standard and HB-LEDs will decrease annually. However, UHB-LED prices have a substantial premium over HB-LED prices, and although currently there is a relatively small use of UHB-LEDs, as their usage increases, the overall effect shows the HB-LED category with only a slight annual decrease, in terms of average selling prices between 2011 and 2017.