High-Brightness LED Market to Reach $3.4 Billion by 2005
Story Filed: Thursday, April 05, 2001 1:52 PM EST
MOUNTAIN VIEW, Calif., Apr 5, 2001 (BUSINESS WIRE) -- With a growth rate exceeding 58% annually for the past five years, the worldwide market for high-brightness LEDs reached $1.2 billion in 2000, and accounted for 42% of the total LED market.
According to a recently published report by market research firm Strategies Unlimited, robust growth is projected to continue for the next five years. The market is expected to exceed $3.4 billion in 2005. The report, titled High-Brightness LED Market Review and Forecast - 2001, provides a comprehensive analysis and forecast of the applications, markets and supply of high-brightness LEDs.
The market benefited from advances in the blue, green and white LEDs, led by Nichia Corporation, Toyoda Gosei, Cree, and Osram Opto Semiconductors. To complete the color spectrum, the yellow, orange and red LEDs are provided by Agilent Technologies and LumiLeds Lighting (Agilent's joint venture partner with Philips Lighting), Osram Opto Semiconductors, and Toshiba. Other major suppliers include Stanley Electric, Matsushita Electric, Sharp and Citizen Electronics.
The year 2000 saw the emergence of new suppliers such as AXT and Uniroyal Optoelectronics along with a number of new Taiwanese start-ups. The Taiwanese chip suppliers, UEC and Epistar, experienced double-digit growth.
Although high-brightness LEDs are penetrating all market sectors, large, full-color outdoor LED signs are becoming ubiquitous. Thanks to high-brightness LEDs, colorful advertising signs adorn Times Square, the NASDAQ building, and major city centers around the world with full video displays. High-brightness LEDs in automobile center high-mounted stop lamps (CHMSLs) have made significant inroads in the U.S., Europe and Japan. The Cadillac DeVille also uses LEDs for the rear turn signal and stoplights. Today over 50% of European-made cars, including VW, Audi, BMW and Mercedes, are using blue, green, white and amber high-brightness LEDs for interior instrument panel illumination. The Passat won the J.D. Powers Award for customer preference with LED based instrument panel illumination.
LED traffic signals have experienced dramatic market growth thanks to using 80% less electricity than incandescent lamps. The energy crisis in California has caused the California Department of Transportation (Caltrans) to retrofit more than 200,000 traffic signals with LEDs.
High-brightness LEDs are used to backlight small LCD displays, such as for mobile phones. Both single color backlighting (e.g. blue, green, amber, red) and white backlighting for full-color displays are available in Asia, and spreading to Europe and North America.
In the future high-brightness LEDs could provide general illumination. Although the price and performance remains high, several specialty illumination markets in retail and decorative applications are already being addressed. The world's three largest general lighting suppliers (GE, Philips, and Osram) are taking notice, forming joint ventures: LumiLeds Lighting (Philips Lighting and Agilent); GELcore (GE Lighting and Emcore); and Osram Opto Semiconductors (Osram and Infineon).
High-Brightness LED Market Review and Forecast - 2001 is available for immediate delivery at a price of $5,950. For more information on this report, contact Strategies Unlimited at 650/941-3438, fax 650/941-5120, e-mail info@strategies-u.com, or check the Web site: strategies-u.com.
Strategies Unlimited, located in Mountain View, California, has provided market research reports and industry newsletters on optoelectronic, photovoltaic, and RF/wireless components since 1979.
CONTACT: Strategies Unlimited
Robert Steele, 650/941-3438
e-mail: info@strategies-u.com
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