Strategies Unlimited Reports High-Brightness LED Market Growth Slowing but Still Healthy
MOUNTAIN VIEW, CA – The high-brightness LED (HB LED) industry has had a remarkable history of successful growth. From 2001-2004, the market for HB LEDs grew at an average annual rate of 46%. But for 2005, the market grew by 6.2% reaching $3.9 billion. Reasons for the slowing growth include the saturation of the mobile phone market for full color displays and overcapacity in Asia leading to price erosion. In spite of this situation, all other HB LED applications together grew at a healthy rate of 18% in 2005.
According to market research firm Strategies Unlimited in its recently released report High-Brightness LED Market Update and Forecast – 2006, the mobile appliance segment still accounted for 52% of the HB LED market in 2005.
As the mobile appliance application begins to saturate, the HB LED market is entering a period of slower growth than it has experienced historically. For the next five years, growth rates may be expected to be in the range of 15-20% per year, rather than the 40-50% that the industry has come to expect. However, even with these lower growth rates, the HB LED market is still expected to reach $8.3 billion in 2010, well over twice the level of 2005. Growth will be driven by emerging applications such as illumination, automotive headlamps, and backlights for LCD monitors and TV screens.
The new Strategies Unlimited report is the seventh from the company on LED applications and markets. It analyzes the HB LED market in depth, from both the demand side and the supply side, including supplier market shares. Detailed quantitative market analysis is provided, including breakouts by application and product type, in terms of units, ASPs and revenue. Five-year market forecasts are provided for each application and HB LED product type.
High-Brightness LED Market Review and Forecast -- 2006 is available for immediate delivery from Strategies Unlimited for $4,750. More information on the report is available by contacting Tim Carli, Sales Manager, at +1 650 941-3438 ext. 23, or by email email@example.com.
Founded in 1979, Strategies Unlimited specializes in market research and strategic consulting directed at optical networking, optoelectronic, and RF/wireless semiconductor industries. The company, based in Mountain View, California, is a research unit of PennWell Corporation.
PennWell Corporation, founded in 1910, is a highly diversified media and information company providing authoritative publications, conferences and exhibitions, databases, information products and Internet-based services to strategic markets worldwide. The company publishes over 45 periodicals including Laser Focus World, Lightwave, and Solid State Technology. Its headquarters are in Nashua, NH, and Tulsa, OK, with remote offices and partners located around the globe.