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Worldwide LED Component Market Grows 9%

Time£º2013/7/17 Posted£ºSHENZHEN YUKON LIGHTING CO.,LTD.
    February 19, 2013...LED component revenue for lighting applications reached $3.11 billion in 2012, narrowly dethroning the Large Area Display Backlight segment at $3.06 billion, according to Strategies Unlimited. The $13.7 billion worldwide market for LED components is expected to grow to $16.4 billion in 2017, for a CAGR of 3.7%, Stategies Unlimited predicts. 

The company estimates that the total illumination market for 2012 is about $14.52 billion. The LED lighting market including LED replacement lamps and luminaires is estimated at $11.72 billion¡ªan increase of 26% between 2011 and 2012. SU projects this market will grow at a CAGR of 12% over 2012-2017.
   Strategies Unlimited for the first time estimated the market size of LED lighting outside the traditional replacement lamps and luminaires, The company says that in 2012 this market was $2.75 billion in revenue for applications such as: decorative/festive/Xmas light strings; tube lights that go into many untraceable applications including signs; flexible tape and strips of LEDs sold in applications ranging from step lighting to lighting stairs to DIY cove lighting; and all other miscellaneous.
According to SU, commercial applications, the largest segment in the LED lighting market, grew 72%. This is followed by replacement lamps. Japanese market was the primary driver for the 22% growth in replacement lamp revenues worldwide from 2011 to 2012. The slower growing segments such as emergency and industrial lighting depend on the overall economic activity. SU says that entertainment lighting was a victim of slowdown in European financial crisis, after the frenzy for the Olympics.
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