News

14 September 2009

 

HB-LED market to grow at 24% to 2013 after 3.7% dip in 2009

Despite a shaky fourth quarter, the trend of recent years continued in 2008 as the high-brightness LED market grew 11% to $5.1bn. However, a decline of 3.7% to $4.9bn is expected in 2009, according to market research firm Strategies Unlimited in its report ‘High-Brightness LED Market Review and Forecast – 2009’.

Despite the market decline, in all market segments the penetration rates for the use of HB-LEDs continue to grow. The fundamental drivers for HB-LED adoption have not changed, says the firm. It is the impact of the worldwide economic recession on end-product demand, rather than any slowdown in the rate of HB-LED adoption, that is causing the HB-LED market to dip in 2009.

Also, the decline will not affect all HB-LED segments equally, says Strategies Unlimited. For example, although some of the more mature markets such as automotive lighting, mobile phones, and outdoor video screens are experiencing substantial downturns, other emerging segments such as backlights for LCD displays in notebook computers and TVs are showing strong growth. Moreover, the LED lighting market is also continuing to grow, although at a somewhat slower pace than in recent years.

As well as providing strong counterweights to the decline in other segments and moderating the overall HB-LED market contraction in 2009, lighting and LCD backlighting are the applications that will drive recovery in 2010, and the market will grow at a compound annual growth rate (CAGR) of 24% to $14.9bn in 2013, forecasts Strategies Unlimited.

See related item:

LED backlight penetration in LCD TVs to reach 40% in 2013 and surpass CCFLs in 2014

Search: HB-LED market

Visit: www.strategies-u.com