LED are the basic components used in a variety of applications, including lighting bub, killing Edison lamp. Initially,, the use of LEDs was limited to certain specific lighting needs and had not entered the mainstream general lighting market. However, their entry in applications such as general lighting has given a strong thrust to the global lighting market.
In the coming years, consumers will gain awareness regarding the benefits of LED lamps, such as a longer life span, which will eventually lead to their widespread adoption.
Trends in the global LED market
Let's take a look at a few trends:
The forecast for the global LED lighting market is that it will reach a turnover of US$ 42.7 billion by 2020, growing region is North America, with a CAGR of 15.3 percent from 2014 - 2020, closely followed by Latin American counties, Asia Pacific and Europe.
It is anticipated that LED lamps will command about a 20 percent share of the global lighting market by 2020. This will be equivalent to two-third of the revenue for the overall LED sector.
In the automotive sector, LEDs are preferred for many lighting applications including hear lamps. this sector is expected to become a us$ 1 billion market in 2015, for LEDs.
Among the many types of LED s, the high brightness LED segment is expected to grow swiftly and continue to account for the highest market share, contributing to over 60 percent of the total market's revenue throughout the forecast period(2015 - 2020).
General lighting and mobile devices are the other two largest segments in which LED technology has been adopted. The mobile devices segment accounted for about 27 percent of the total LED market revenue in 2014 and will remain the top segment throughout the forecast period. On the other hand, in the Asia-Pacific region alone, the general lighting segment accounts for nearly 25 percent of the total revenue.
The US government is replacing conventional streetlight with LEDs, a program that is expected to be completed soon. Such developments are instrumental in the growth of LED technology.
Chinese companies control nearly 35 percent of the LED market and their share will continue to grow. This clearly indicates the China's LED factories are running at full capacity. Chinese factories are producing large volumes of LED s at cheaper price. Some of the companies have a production capacity of 500,000 pieces per month.
Among the Chinese LED lamp suppliers, MLS Electronics shines bright and is the star performer even globally. MLS makes LED down lights, LED CEILING LIGHTS, led panel lights, LED candle lights, LED bulbs and package LED s. MLS has upped its production capacity from 3 million pieces a month to 30 million pieces a month. It is said to have maintained a high double-digit growth rate since it started in 1997. The company supposedly has 10,000 production line workers.
Veeco, a US based semiconductor manufacturing equipment provide catering to makes of compound semiconductor based LED s, flexible OLEDs, solar cells and RF/wireless IC chips, reported a revenue of US$90.8 MILLION IN ITS FIRST QUARTER OF 2014 compared to US$ 73.2 million in its previous quarter, amounting to a sequential growth of 24 percent. The LED and solar sectors account for 75 percent of its revenues.
The India Scenario
The Indian LED market is one of the fastest growing , driven by factors such as falling prices, increasing initiatives taken by the government and growing concerns about energy conservation. Today, the turnover of the Indian LED market is around US $ 143 million. Business is expected to grow at a CAGR of 47.3 percent between now and 2018 to touch US 1.3 billion.
Moreover, the "MAKE IN INDIA" initiative launched by Prime Minster Narendra Modi will PROVIDE A BOOST TO THE LED industry.
The shipment of LED tubelights are forecast to reach 1 billion units percent by 2018. The important markets for LED tubelights are offices, where the tubelights are switched on for around 15 hours a day. LED tubes cut power consumption by 50 percent compared to fluorescent tubelights.
Among the various verticals, the LED industrial lighting segment is gradually opening up with a wide range of opportunities for players in India, who are witnessing immense growth. However, for the consumer market, LED is still an expensive technology. Though they are penetrating the consumer market, LEDs left behind CFL technology, especially in the lamps, tubelights and bulbs sections.
There are a lot of LED lamp assembling companies in India that design and make LED lamps but they import the basic LED chip element.
De Core Nanosemiconductor Limited is the only LED SEMICONDUCTOR DEVICE maker that has an LED wafer fab in India. De Core is India's first commercial compound semiconductor foundry, with its 20,000 sqm facility located in the Special Zone fo Gujarat's capital city, Gandhinagar.
De Core has the infrastructure to produce GaN/InGaN based high brighness LED chips in volumes, and can hence save India from importing these in the coming years.
The quality of LED s made by De core matches that of leadng Chinese Vensor. Do vore makes LED chips LED MODULE AND LUMINAIRES, whcih include downlighters, false Major playor, world wide.
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