This research report, World Market for LEDs and OLEDs, presents an in-depth analysis of the development, applications, products, manufacturers, and trends in the use of light-emitting diodes (LEDs) and organic light-emitting diodes (OLEDs) in the United States. These two technologies have improved dramatically over the past few years and are now poised to revolutionize the lighting industry. The report provides a comprehensive analysis of the current market for these technologies and projects future market size and end-use applications through 2013. Marketing concerns including energy demand, environmental impacts, economic conditions, consumer acceptance, intellectual property rights, and government activities are discussed in relation to their impact on market growth for LED and OLED technologies. The report also profiles major manufacturers and marketers of LEDs and OLEDs and the strategies they have adopted to maximize growth and profitability.
LEDs and OLEDs are currently used in numerous business and consumer products but have yet to significantly penetrate the general illumination market. Cost remains the final hurdle as brightness levels and operational lifetimes have surpassed those of commonly used incandescent and fluorescent lighting products. From mobile phones to automobiles to billboards and television sets, LEDs and OLEDs have proven their effectiveness with their many advantages over other lighting sources. This report delineates the potential impacts of these two technologies bring to these and other applications over the next five years.
Scope and Methodology
This report includes both primary and secondary research. Secondary research data have been obtained from government sources, trade association publications, business journals, and company literature. Simmons Market Research Bureau (SMRB) and IRI provided primary research. Statistical data are included for industry revenue, both globally and for the United States. Historical data are provided for the 2003 to 2008 time frame with projections of future sales through 2013. The base year for the report is 2008. Demand in each of the following product application sectors is analyzed in terms of overall revenue, both for business and consumer uses:
Display Backlighting Applications
Signals and Signage Applications
General Illumination Applications
Potential product applications, buying trends, environmental issues, and energy considerations are also reviewed and analyzed. Market size estimates and forecasts are based on historic data of LED and OLED sales, current revenue trends based on secondary sources, and the impact of factors such as environmental concerns, fuel and energy prices, economic considerations, and housing and building trends.
How You Will Benefit from this Report
If your company is involved with general lighting, display advertising, automotive lighting, or televisions, computer monitors, or other consumer electronic displays - or if you are replacing your current lighting fixtures, want to conserve energy, or begin a “green” initiative - you will find this report invaluable, as it provides a comprehensive package of information and insight about LEDs and OLEDs not offered in any other single source. You will gain a thorough understanding of the current LED and OLED applications and markets, as well as projected market sizes and trends through 2013.
This report will help:
Marketing Managers identify market opportunities and develop targeted promotion plans for LED and OLED products.
Research and Development Professionals stay on top of competitor initiatives, product applications, and demand for LED and OLED products.
Advertising Agencies working with clients in the general illumination, display advertising, and consumer electronics markets develop compelling messages and images to promote sales of LED and OLED products.
Business Development Executives understand the dynamics of the LED and OLED markets, identify potential partnerships, and detect new product applications.
Information and Research Center Librarians provide market researchers, brand and product managers, and other colleagues with the vital information they need to do their jobs more effectively.
Market Insights: A Selection From The Report
General Illumination LED Market
One hundred years after they were first “discovered,” light-emitting diodes, or LEDs, are
poised to revolutionize the lighting industry. LEDs -- and their organic brethren, OLEDs --
offer brighter lighting, significant energy savings, incredibly long lifetimes, and almost
infinite design possibilities. Cost is the most prohibitive factor for widespread adoption but
advances have been, and are being, made which will ameliorate the price issue in the not-toodistant
future. Already widely used in automobiles, outdoor signs, traffic signals, televisions, mobile phones, computers, and accent lighting among many other applications, LEDs and
OLEDs are finding uses in myriad products and applications. The world’s first OLED
television was offered for sale in late 2007 and several other companies are planning to
introduce larger screen OLED televisions in 2009. The biggest application, however, is the
annual $75 billion global general illumination market for which LEDs and OLEDs hold much
promise. These two technologies, often referred to as solid state lighting, or SSL, will change
the way people look at and use lighting
Automotive LED Market
Conventional LEDs have been used inside automobiles for over twenty years in various indicator-lamp applications. However, the advent of high-brightness (HB) LEDs in the late 1980s and early 1990s permitted LEDs to be used for exterior signaling functions as well. The first major application of HB LEDs for automotive signaling was the center high-mounted stop light on the 1988 Nissan 280Z. According to the November 2005 Laser Focus World article called “High Brightness LEDS: LED Automotive Headlamps Move Closer To Market” by Robert Steele, the first signaling applications used red LEDs made from aluminum gallium arsenide (AlGaAs). With the development of the more robust indium gallium aluminum phosphide (InGaAlP) HB LEDs in the early 1990s, the automotive signaling market began a period of sustained growth. Driven by a combination of higher performance, increased reliability and longevity, and increased flexibility in styling, by 2004 about 40% of all the automobiles and light trucks produced worldwide used LEDs for center high-mounted stop lights.
In the News
Market for Light-Emitting Diodes Illuminates New Options in Lighting Industry
New York, December 16, 2008 - One hundred years after they were first “discovered,” light-emitting diodes (LEDs) are poised to revolutionize the lighting industry. LEDs—and their organic brethren (OLEDs)—offer brighter lighting, significant energy savings, incredibly long lifetimes, and almost infinite design possibilities. LEDs and OLEDs are finding uses in a bevy of products and applications including automobiles, outdoor signs, traffic signals, televisions, mobile phones, computers, and accent lighting.
According to market research publisher SBI’s all-new report, World Market for LEDs and OLEDs, the market for this versatile and efficient technology currently exceeds $5 billion globally with the United States accounting for slightly more than $1 billion of the total. In years past, the market experienced growth rates of 50% or more. SBI projects the market’s positive growth to continue, and approach $14 billion globally and exceed $3 billion in the U.S. by 2013.
Being environmentally and energy friendly are among the LED and OLED technology’s greatest advantages. A LED converts 80% of the energy it uses into light compared to only 20% by a typical incandescent lamp. For example, a traffic light comprised of LEDs uses about 92% less energy than one comprised of incandescent bulbs.
Further, the technology could substantially lessen the need to construct more power plants to satiate escalating global demands for electric power. LEDs and OLEDs could also reduce waste in landfills because they do not contain hazardous materials and will not be a contaminant when, and if, they eventually end up in a landfill.
Despite the obvious benefits of LEDs and OLEDS the cost of the technology remains its Achilles’ heel for the time being. “Cost is the primary hindrance to widespread adoption and changes in cost will have a significant effect on consumer purchases. If prices decrease faster than expected, then growth is likely to increase quickly,” says Shelley Carr, associate publisher of SBI.
The report presents an in-depth analysis of the development, applications, products, manufacturers, and trends in the use of LEDs and OLEDs in the U.S. The report provides a comprehensive examination of the current market for these technologies and projects future market size and end-use applications through 2013. Marketing concerns including energy demand, environmental impacts, economic conditions, consumer acceptance, intellectual property rights, and government activities are discussed in relation to their impact on market growth.
SBI (Specialists in Business Information) publishes research reports in the industrial, energy, building/construction, automotive/transportation and packaging markets. SBI also offers a full range of custom research services.