LED market grows rapidly four years after the market size quadruples
According to LED industry analyst firm Strategies Unlimited, the demand for large-size panel backlight LED products and LED lighting equipment will increase, which will make the high-brightness LED market boil. It is estimated that by 2014, the global demand for LEDs will probably reach more than four times the total demand in 2009, and the demand will exceed 200 billion.
The demand for LED lighting equipment and LCD monitor backlights has grown. In 2009, the market value of high-brightness LEDs grew by 5%. These two markets are expected to inject explosive power into the high-brightness LED market and have experienced rapid growth from 2010 to 2015.
At present, the proportion of LED lighting equipment in the overall lighting equipment market is still less than 2%, and the customer base is still limited to a specific niche. Although the current price of LED lamps is still high, many large-scale LED lighting equipment procurement plans have emerged due to its power saving, long service life, and increasingly sophisticated lighting technology. Large-scale chain stores such as Wal-Mart and Starbucks, and large venues such as hotels, casinos, and parking lots have gradually changed lighting equipment to LED lights.
In addition, as the overall performance of the new LED street lights is more prominent than the old street lights, local governments around the world have begun to adopt LED street lights. Driven by the wave of LED light replacement, the proportion of LED products in the lighting market is expected to increase by 31% in 2010.
Although LED backlights did not appear on large-size LCD monitors until 2006, the penetration rate in 2007 was still only about 3%, but by 2009, the penetration rate had increased to over 50%, and 2010 is expected to exceed 80%.
After Samsung Electronics first launched LED TV for the mass market in 2008, Samsung, LG Display and other LCD TV manufacturers have a significant growth in demand for LED backlights. It is estimated that LCD TV LEDs in 2010 The penetration rate of backlights will reach 15%, and the growth will continue in the next few years.
Overall, the high-brightness LED market will see phenomenal growth. In 2010, the market value of this market is expected to grow by 52% to reach US$82 billion. After that, it is more likely to continue to advance to 2014 with an average annual growth rate of 30.6%, reaching US$20.5 billion. By 2014, the medium and large size LCD monitor backlights of 10 inches or more will account for 56% of the overall LED market, and high-brightness lighting equipment will account for 21% of the overall market. LED production can increase by 44% in 2010 to as much as 78 billion. By 2014, the demand for LEDs will probably reach more than four times the total demand in 2009, and the demand will exceed 200 billion. Among them, the demand for unpackaged GaN-based LED chips is expected to be the strongest growth. It is estimated that the demand in 2014 will reach 5 times of the demand in 2009.
The demand for LED lighting equipment and LCD monitor backlights has grown. In 2009, the market value of high-brightness LEDs grew by 5%. These two markets are expected to inject explosive power into the high-brightness LED market and have experienced rapid growth from 2010 to 2015.
At present, the proportion of LED lighting equipment in the overall lighting equipment market is still less than 2%, and the customer base is still limited to a specific niche. Although the current price of LED lamps is still high, many large-scale LED lighting equipment procurement plans have emerged due to its power saving, long service life, and increasingly sophisticated lighting technology. Large-scale chain stores such as Wal-Mart and Starbucks, and large venues such as hotels, casinos, and parking lots have gradually changed lighting equipment to LED lights.
In addition, as the overall performance of the new LED street lights is more prominent than the old street lights, local governments around the world have begun to adopt LED street lights. Driven by the wave of LED light replacement, the proportion of LED products in the lighting market is expected to increase by 31% in 2010.
Although LED backlights did not appear on large-size LCD monitors until 2006, the penetration rate in 2007 was still only about 3%, but by 2009, the penetration rate had increased to over 50%, and 2010 is expected to exceed 80%.
After Samsung Electronics first launched LED TV for the mass market in 2008, Samsung, LG Display and other LCD TV manufacturers have a significant growth in demand for LED backlights. It is estimated that LCD TV LEDs in 2010 The penetration rate of backlights will reach 15%, and the growth will continue in the next few years.
Overall, the high-brightness LED market will see phenomenal growth. In 2010, the market value of this market is expected to grow by 52% to reach US$82 billion. After that, it is more likely to continue to advance to 2014 with an average annual growth rate of 30.6%, reaching US$20.5 billion. By 2014, the medium and large size LCD monitor backlights of 10 inches or more will account for 56% of the overall LED market, and high-brightness lighting equipment will account for 21% of the overall market. LED production can increase by 44% in 2010 to as much as 78 billion. By 2014, the demand for LEDs will probably reach more than four times the total demand in 2009, and the demand will exceed 200 billion. Among them, the demand for unpackaged GaN-based LED chips is expected to be the strongest growth. It is estimated that the demand in 2014 will reach 5 times of the demand in 2009.
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