News Article

LED Market To Boom In Asia Pacific Region

The American region and the Asia Pacific region (APAC) have an even market share this year. However, the APAC region is forecast to expand at a faster pace

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.

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