ElectroniCast Consultants announced the release of a new market review
and forecast of the global consumption of High Brightness Light
Emitting Diodes (HB-LEDs). According to the study results, the global
consumption value of HB-LEDs in 2009 was nearly $4.9 billion. The
consumption value is forecasted to increase to $15.03 billion in 2015.
High Brightness (HB) LEDs face the challenge of creating definitive
positions in the illumination market, as competing lighting solutions
are readily available and accepted. While this does not limit the
potential success of HB-LEDs, it does create some challenges.
This report provides an independent examination and analysis of the
changing market dynamics for various types of HB-LEDs used in selected
|HB-LED Global Consumption Market Forecast, (Value Basis, $ Billion)|
global consumption value of HB-LEDs in 2009 was nearly $4.9 billion.
The consumption value is forecasted to increase to $15.03 billion in
Source: ElectroniCast Consultants
“The worldwide consumption of HB-LEDs in Automotive/Vehicle
applications was $329 million in 2009 (down slightly from 2007 and
2008),” said Stephen Montgomery, president of International
Business at ElectroniCast. “However, we view this sector as a
strong opportunity with increase usage of white LEDs, especially in
headlamps in automobiles and accessory lighting in aircraft, trains,
automobiles and even military applications,” Montgomery said.
The push to Conserve Energy “The use
solid-state lighting (SSL) is increasing, accelerated by
government-based research, initiatives, regulations and incentives from
one region to the next. The use of LED-based general lighting initiated
from local, state/provincial-based retrofitting projects – then
to commercial/business – and eventually to the
consumer-level,” Montgomery said.