GIA announces the release of a comprehensive global report on Light Emitting Diode (LED) market. The global LED market is projected to reach US$14.8 billion by 2015, driven by escalating demand for efficient and larger electronic displays for TV, lighting fixtures, notebooks and mobile handsets. The focus on energy conservation is expected to promote uptake of LEDs in residential and commercial sectors
San Jose, California (PRWEB) March 29, 2010 -- Global LED market is expected to witness rapid growth, led by increasing demand for efficient displays and lighting fixtures along with the rising awareness levels about energy conservation. Though high prices restricted the initial use of LEDs to a small group of applications (which included decorative lighting, exit signs, architectural lighting, and entertainment lighting), the current LED market is relatively broad in terms of end-use applications and encompasses notebook PCs, LCD TVs, residential and commercial lighting, handsets, and signals and displays. Improvements in luminous efficacy and application technologies of LEDs led to their utilization in backlights, landscape lighting, traffic lights, and automobile lights. Due to rising environmental concerns, most of the governments are focusing on phasing out of incandescent lights, replacing them with energy efficient LED lights.
Short-term growth is likely to be propelled by the growing popularity of LED TVs and notebooks, while general lighting segment is expected to drive market growth in the long run, as stated by the new market research report on Light Emitting Diode (LED) market. Mobile phones emerged as the leading end-use market with more than 25% share of value sales for 2009, while LCD TV is expected to post the fastest growth in terms of volume sales. The market is also expected to benefit from rapid technological advancements that are expected to bring down the number of chips per box as well as the average selling price of LEDs.
Although the global economic crisis significantly influenced the operations of LED market in 2009 leading to a sales decline in major LED utilizing sectors such as mobile phones, large outdoor displays and automotive, the decline was partly offset by the increasing use of LEDs in segments such as backlights for notebook PCs and LCD televisions, apart from the lighting sector.
Nichia, Cree, Osram, Toyoda Gosei, and Philips Lumileds represent the five major players in the global LED market, and are commonly referred to as the "Big-5". In 2008, Japanese company Nichia emerged as the biggest supplier, accounting for a quarter of the global LED output. Key players profiled in the report include Avago Technologies, Cree Inc., Edison Opto Corporation, Citizen Electronics Co. Ltd., Epistar Corporation, General Electric Company, Lumination LLC, Nichia Corporation, Everlight Electronics Co., Ltd., OPTOTECH Corporation, Kingbright Elec. Co., Ltd., OSRAM Opto Semiconductors GmbH, OSRAM SYLVANIA Inc., Philips Lumileds Lighting Company, Stanley Electric Co. Ltd., Toyoda Gosei Co., Ltd., Seoul Semiconductor Co., Ltd., and Universal Display Corporation.
The report titled "Light Emitting Diode (LED): A Global Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, end-use market analysis, competitive scenario, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of volume and value sales for end-use markets including Automotive, Phones, Portable PCs (Netbooks and Notebooks), LCD TV, and Lighting & Others.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/LEDs_Light_Emitting_Diodes_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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