News Article

LED Modules To Grow Faster Than Packaged LEDs


The packaged LED lighting market is forecast to reach a compound annual growth rate (CAGR) of 11.0 percent, from 2013 to 2019, while the market for LED modules used in lighting will reach a CAGR of 23.9 percent, according to the latest research note from the IHS Lighting and LEDs team.

Riding the trend toward integrated products, many LED manufacturers are increasingly turning to modules, as a way to boost revenue and profits. Chip on board and LED light engines are two examples of integrated products that are experiencing rapid growth. Cree, Seoul Semiconductor, and other LED companies - as well as Harvard, BAG, Tridonic and other power companies - are also active in the market. 

"LEDs used in lighting have become commoditised in many applications, and price declines in the last three or four years have been worse than expected," said Jamie Fox, principal analyst for IHS. "With MLS and other Chinese players increasingly entering the market, competition will remain tough."

Component manufacturers are increasingly looking beyond the metrics of lumens/$ and lumens/W as competitive differentiators. LED modules and light engines are a logical step for many companies looking to improve their profit margin, diversify to ensure future stability and meet the demands of their customers.

During its research for the LED engines and light modules report, IHS found that respondents cited the shorter supply chain, ease of production, interchangeability, quality and reliability as reasons why lighting companies chose to purchase LED modules and light engines. The report assessed the supply chain and reported on a mixture of outsourcing, contract manufacturing and in house production of the products.

The combined market for LED modules and light engines in lighting applications is projected to reach $1.3 billion in 2014, according to the latest IHS "˜Next Generation Lighting" report. As well as insight into modules and light engines, the report also features analysis the emerging markets for LiFi, indoor positioning, and OLED.

AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.



Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
Live Event