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Lighting-use LED market scale to reach US$4.88 billion in 2014, says LEDinside -

Post:2014.07.14 Hits:648

 Lighting-use LED market scale to reach US$4.88 billion in 2014, says LEDinside -

The global high brightness LED market scale will reach US$14.4 billion in 2014 and is estimated to increase to US$16.6 billion by 2018, with a compound annual growth rate of 4%, according to LEDinside. The LED package market value for lighting applications meanwhile will reach US$4.88 billion and maintain a market share of 34% in 2014. LED packaging for lighting applications can be divided into standard-power LED, mid-power LED, high-power LED, and COB. Market demand from LED bulbs, tubes, and commercial lighting has driven up demand for mid-power LEDs, especially 5630, 3030, and 2835 specifications, which have become mainstream, said LEDinside research associate manager Joanne Wu. The firm added that total market value for mid-power LEDs in 2013 will surpass that of high-powered LEDs. Mid-power 5630 LEDs have gained a substantial amount of market share due to cost/performance advantages, especially those by Korea-based makers. However, the rise of China LED makers using less expensive domestic materials in 10x30mil chips, lead frames, and other packaging material for application in bulbs, tubes, and replacement lighting products, has led to other mid-power specs such as 2835, seizing a larger 5630 LED market share, the firm added. Simple optic design and no shadow make COB suitable for application in single point source lighting products. In addition to LED array, LED makers are producing COB products to satisfy a wide array of lighting market demand. Large makers Citizen, Sharp, and Bridgelux continue to dominate this market. Additionally, Cree and Lumileds are currently pushing to increase the proportion of their COB business in 2014 by launching COB products to cover various market demand, added LEDinside.