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.

2011 is a record year for laser sales

By Tom Hausken
Here's some good news as we weather the winter storms: 2011 was a record year for the laser industry, finishing over $7 billion for the first time ever. That's coming off the deep recession in 2009 and a remarkable recovery in 2010. The previous record was in 2007, just before the recession. This is just out in our new market report on the worldwide laser market .

Who would have thought? I fully admit, it surprised me, as it did my colleague David Belforte of Industrial Laser Solutions magazine. I expected the recovery to track the recovery in employment. After all, lasers go largely into capital equipment, often to make even bigger capital equipment. When you are short of cash, you cut back on capital spending and payroll, at the least.

In fact, companies did buy capital equipment. There are the usual reasons, but particularly improving productivity and competitiveness. For example, the auto industry, which was so badly hit by the recession, spent heavily on retooling. Another big factor was China, which has been spending heavily on equipment. Growth in sales of smartphones and tablet computers helped. And some segments just keep rolling along, like biomedical instruments, military, and R&D lasers.

As a result, companies improved productivity, earnings are up, and even dividends have been good. What they didn't do as much was to hire workers back. Everyone is working harder. But even so, manufacturing has improved more than, say, service industries.

I'm expecting that 2012 will be flat with 2011. The global economy is cooling. The laser industry is soft too, but the fundamentals are good. I'm expecting that things will turn around in a quarter or two, and 2012 will end up being a wash.

Longer term, the industry is on track to exceed $9 billion by 2015, and that's only around 7% compounded annual growth from this year. But it's remarkable enough for a market of its type. And anyway, it's still a record!

By the way, the numbers are reviewed in the January issues of Laser Focus World and Industrial Laser Solutions , and in more detail in the Laser Focus Marketplace Seminar at Photonics West. But the gritty detail (units, prices, revenues by type and segment)--more than you could ever want--is in the market report.

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