Strategies Unlimited in market surveys as optical element is a global leader in the field of survey companies, research LED industry has more than two decades, the survey recently released report, the analysis of the global LED market package, the package includes a display backlight LED, automotive lighting , mobile applications, signage, lighting and other applications, and provides a detailed forecast. The analysis also covers InGaN, InGaAlP, RGB and low power, medium power, high power and high power LED and other materials and package types.
The report notes that in 2014 the global LED packaging market grew 7.6 percent to $ 15.6 billion revenue, which accounted for 34% of lighting applications in total revenues, almost 35% of the display backlight and mobile applications identical sum. Is expected to 2019, the share of packaged LED lighting will reach 45% of total revenue, in all application sectors the largest increase is expected five-year CAGR of 14.3%.
Commenting on the report that the largest increase in lighting applications is expected to replace the lamp, commercial and outdoor lighting applications. Its senior research analyst Stephanie Pruitt said: "There is no doubt the largest LED lighting is packaged application sectors, and throughout the forecast period will remain the largest share in lighting applications, general lighting category accounted for nearly 75%. And due to the growth of LED applications, LED packaging revenues in these areas will also be increasing. "
Price continues to decline
The report adds that, from 2013 to 2014, the price of LED lighting package in sharp decline, showing that most suppliers fell about 20% from the market, but some reports also said that the steep decline of about 25 percent - 30%, especially COB package. However, the report said, "Despite these prices, but with the continued growth in residential and commercial LED lighting and lighting applications is still the biggest growth sector." Pruitt said, "LED lighting has not yet reached its critical point. With prices continue to drop, tax incentives, and manufacturers continue to constantly come up with new and exciting ways to make LED lighting is still available period. "
Coupled with smart, controllable lighting will also have an impact on the rate of adoption, because it creates all consumers envisaged: enormous possibilities, saving energy, labor and maintenance costs, indoor navigation and security enhancements. As a result, growth in lighting applications is still a part of the LED package.
In addition, over the forecast period, the application of part of the increase is not just lighting, automotive market will have strong growth, LED remains an option car headlights and daytime running lights, and is not limited to high-end cars. LED automotive exterior lighting applications revenue is expected to have a 15% CAGR.
The report notes that in 2014 the global LED packaging market grew 7.6 percent to $ 15.6 billion revenue, which accounted for 34% of lighting applications in total revenues, almost 35% of the display backlight and mobile applications identical sum. Is expected to 2019, the share of packaged LED lighting will reach 45% of total revenue, in all application sectors the largest increase is expected five-year CAGR of 14.3%.
Commenting on the report that the largest increase in lighting applications is expected to replace the lamp, commercial and outdoor lighting applications. Its senior research analyst Stephanie Pruitt said: "There is no doubt the largest LED lighting is packaged application sectors, and throughout the forecast period will remain the largest share in lighting applications, general lighting category accounted for nearly 75%. And due to the growth of LED applications, LED packaging revenues in these areas will also be increasing. "
Price continues to decline
The report adds that, from 2013 to 2014, the price of LED lighting package in sharp decline, showing that most suppliers fell about 20% from the market, but some reports also said that the steep decline of about 25 percent - 30%, especially COB package. However, the report said, "Despite these prices, but with the continued growth in residential and commercial LED lighting and lighting applications is still the biggest growth sector." Pruitt said, "LED lighting has not yet reached its critical point. With prices continue to drop, tax incentives, and manufacturers continue to constantly come up with new and exciting ways to make LED lighting is still available period. "
Coupled with smart, controllable lighting will also have an impact on the rate of adoption, because it creates all consumers envisaged: enormous possibilities, saving energy, labor and maintenance costs, indoor navigation and security enhancements. As a result, growth in lighting applications is still a part of the LED package.
In addition, over the forecast period, the application of part of the increase is not just lighting, automotive market will have strong growth, LED remains an option car headlights and daytime running lights, and is not limited to high-end cars. LED automotive exterior lighting applications revenue is expected to have a 15% CAGR.