High Brightness Light Emitting Diodes Global Market Forecast & Analysis
Upper Lake, CA (USA) –- ElectroniCast Consultants, a leading market & technology forecast consultancy, today announced the release of a new market forecast of the global market consumption of packaged High Brightness Light Emitting Diodes (HB-LEDs) used in selected applications.
The forecast provides the historic year of 2007 and a 5-year (2008-2012) forecast of the consumption value segmented into geographic regions and segmented by the following colors: Red-Green-Blue (RGB) multiple chip bulb package; Red-Orange-Yellow; Blue-Green; White (WLED).
The global consumption value of HB-LEDs in 2007 was $4.48 billion. The consumption value is forecasted to increase to $9.075 billion in 2012.
RGB Multichip Remain Market Share Leader
The use of White HB-LEDs is forecasted to multiply by a factor of 6-times, increasing at an average annual rate of 45.3 percent (2007-1012). “The use of RGB multiple-chip HB-LEDs will remain heavy; however, White LEDs are taking market share from the RGB multichip segment,” said Stephen Montgomery, president of ElectroniCast Consultants - APAC and the director of the LED project group.
HB-LED signal market segment
The worldwide consumption value of HB-LEDs used in signals, most notably referring to traffic signals, pedestrian signal/controls, is forecasted with a dramatic average annual growth rate of 49.5 percent (2007-2012).
“The HB-LED signal market segment is a retrofitting application; therefore a major dynamic (market driver) will remain throughout the five-year forecast period of this study. Additionally, incentives based on “Going-Green” initiatives are materializing further promotion of retrofitting projects. Other dynamics include safety of pedestrian and vehicle traffic, since the LEDs are a proven and reliable technology. LEDs are a good choice in this sector, because as in all applications, the low-energy consumption models drive the LED markets," Montgomery said.
This market forecast report is available immediately, at a fee of $4,185, from ElectroniCast Consultants.
ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.
Theresa Hosking ElectroniCast Consultants 9959 Old Orchard Lane Upper Lake, CA 95485 USA 707-275-9397 707-275-9502 FAX