The global market for organic light emitting diodes (OLED) was about $2.1 billion and $2.5 billion in 2013 and 2014, respectively. This market is expected to reach nearly $3.1 billion in 2015 and $9.6 billion in 2020, registering a compound annual growth rate (CAGR) of 25.7% for the period 2015-2020.
Next generation lighting achieves a complete replacement of incandescent filament bulbs with LED lighting that is more energy efficient, lasts longer and has a significantly lower cost of operation. LED vendors seek to offer LED lighting products that achieve a lower total cost of ownership and enhanced product quality. The channel looks for a broad product portfolio. Those vendors with a broad product portfolio have access to strong retail channels. Channel strategy is further impacted by OEM relationships. A differentiated product design approach, proprietary technology and deep understanding of lighting applications aids the ability to compete in LED lighting markets.
This study encompasses technologies and materials for fabricating colored and white LEDs. the report assesses each technology and then focuses on where it is used. The five major industries using HB-LEDs are analyzed to evaluate their current market statuses and to develop future projections. Forecasts of unit shipments and their values are made for 2013, 2014 and 2019. Various technical issues are discussed. In addition, a thorough economic analysis is presented. This study analyzes the high-brightness LED industry on a global basis, including manufacturing capability and consumption by various regional markets. It examines global government funding and support, industry involvement, standards, and other pertinent factors related to the success of solid-state lighting. We also review the various materials and material systems that create different colored LEDs and their potential technologies for the future.
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