MANHASSET, NY -- LED usage continues to rise across applications and lighting is leading with a predicted increase of 20 percent over 2010.
According to DisplaySearch, the total package revenue for backlight and lighting applications was $7.2 billion in 2010 and is forecast to reach $12.7 billion in 2014. A heightened demand for LED lighting applications is the main driver of this increase.
In 2011, DisplaySearch predicts global LED capacity will reach 180 billion units, and by 2013 will reach 227 billion.
The total average LED penetration in lighting was 1.4 percent in 2010 and is forecast to reach 9.3 percent in 2014.
China will be the biggest market for LED street lights in 2011 due to government policies. The countryís market share in 2011 is 55 percent, but will slightly decline to 50 percent in 2014.
Japan is the biggest market for LED bulbs in 2011 with a market share of 63 percent in 2011, but is forecast to decline to 40 percent in 2014. Japan has high LED adoption in lighting due to electrical power limitations and energy-saving efforts.
According to DisplaySearch, Taiwan will take over as the top LED supply country after 2011.
The quarterly LED supply/demand market forecast report is available from DisplaySearch.