Strategically Blogging

LED COB is Coming

Martin Shih 01/26/2015

We have now released our latest market research report, The World Market for COB LEDs in General Lightingwhich covers the market for LED COBs and Multichip Array COBs. We forecast the overall market for these COBs will grow significantly to $4.35 billion in 2020 from $1.54 billion in 2014. In addition, the report indicates that the market will grow by 40% YoY in 2015. The long term growth is mainly due to the increased penetration of COB luminaires and lamps into some specific lighting applications, such as downlights and spotlights. With better light distribution and design flexibility, we expect a significant growth for COB, especially in directional lighting applications.

Revolution vs. Evolution

Philip Smallwood 01/22/2015

At the 2014 Strategies in Light Europe conference, there was one recurring theme that I thought was very interesting: evolution vs. revolution. I think it is very important for people in the lighting industry to understand that LEDs in themselves are not a revolutionary (disruptive) technology that is changing the industry, but rather a natural evolutionary progression of light emitting materials/methods to create usable light. As presented by Dr. Thomas Knoop, the Managing Director of INTEGRATED, a technology is disruptive in an industry when it attacks the market by offering a different value driver (usually convenience or price) and not when it just fulfills the need of the average customer. The two charts provided below are visualizations of these ideas. 

Lighting Industry: 2014 in Review and What to Expect Next

Shonika Vijay 01/19/2015

As the year 2014 recently ended, I thought now would be a good time to review what the lighting industry has gone through along with what lighting trends we anticipate in the near future. 2014 was an amazing year for LED lighting. Here a few recent key things that LED lighting experienced in 2014:

A 2014 Laser Market in Review

Allen Nogee 12/31/2014

With 2014 ending and 2015 starting, it is a good time to reflect on the year that has passed and look ahead to the year which is starting. Total worldwide laser revenue grew 6.5% in 2014 to $9.2 billion, which is a quite strong gain overall, despite the fact that prices of many laser types continue to drop.

There was not a single region or laser type which accounted for much of the gain (with the possible exception of fiber lasers, which had a great year), but rather 2014 was strong due to the lack of any significantly bad areas or segments.

Confessions of a Lighting Analyst: I Have Never Bought an LED Bulb

Stephanie Pruitt 12/22/2014

I have three large ceiling light fixtures in the middle of three rooms in my apartment. They each have three light bulbs in them, and one bulb in each fixture was burnt out (they are currently a mix of mainly incandescent with 1-2 CFLs). So, I decided I was going to finally purchase some LED bulbs. 

Having studied the LED and lighting market for two years now, attended multiple lighting trade shows and conferences, and spoken with numerous people in the top lighting companies, I always felt slightly guilty for not ever actually buying LED bulbs myself. I have done more research on LED lighting than your average consumer; I know all about the different types of lighting technologies, how they differ in wattage and lumen output, and CRI and CCT.

Consolidation in the laser market, Part 1--How much is there?

By Tom Hausken
It seems like I hear about consolidation at every meeting I go to, whether in good times or bad. And I've come to the conclusion that everybody means something different when they talk about it. I thought that maybe it's time to present some facts, so here goes.

Over the last year I've been filling in a vast spreadsheet for the Laser Focus market survey and for our industrial laser forecast. It's a lot of work, but I'm able to refine it a little at a time. One of the things that I was able to find out was the amount of consolidation in the industrial laser market. (By industrial lasers we mostly include everything but diode lasers for communications and DVDs.)

What I found is that the top 10 industrial laser suppliers get about 86% of the revenues. These are companies like Coherent, TRUMPF, Rofin-Sinar, Cymer, and so on The next 10 get about 10% of the revenues. And all those dozens of little companies you see at Photonics West and Laser Munich? They make less than 4%.


(By the way, I tried as much as possible to strip out everythng but the laser revenues. And, the exact share varies a little depending on different definitions that I need to apply. But the basic ratio doesn't seem to change much.)

Many of the little companies do quite nicely, though, or at least they do in normal times. They may supply into close partners, like military contractors, or they sell other products or get some system revenues. Some operate very lean.

I make that point because I don't assume that just because they are small that they are necessarily more vulnerable. Certainly the recession will upset things. But consolidation is a lot more complicated than that. The laser market is probably too fragmented to lump together like this.

But that's for a future installment.

ABOUT US

Strategies Unlimited

offers comprehensive coverage of high-brightness LEDs and LED lighting, lasers and other photonic products and systems, biomedical imaging systems and image sensors, compound semiconductor materials and specialty electronics market sectors.


MEET THE ANALYSTS

The experienced analyst team at strategies unlimited offers comprehensive coverage of high-brightness LEDs and LED lighting, lasers and other photonic products and systems, biomedical imaging systems and image sensors, compound semiconductor materials and specialty electronics market sectors.
 LEARN MORE