HB LED market continues to grow
28 October 2009
News
Continuing the trend of recent years, high-brightness (HB) LED market growth for 2008 was 11%, reaching $5,1 billion, in spite of a shaky fourth quarter. However, a decline of 3,7% is expected for 2009, resulting in a market size of $4,9 billion.
This decline will not affect all HB LED market segments equally. For example, although some of the more mature markets such as automotive lighting, mobile phones and outdoor video screens are experiencing substantial downturns, other emerging segments such as backlights for LCD displays in notebook computers and TVs are showing strong growth. Moreover, the LED lighting market is also continuing to grow, although at a somewhat slower pace than in recent years. According to market research firm Strategies Unlimited in a recent report, lighting and LCD backlighting are the applications that will drive market recovery in 2010 and over the next five years, with market growth forecast at a CAGR of 24%, reaching $14,9 billion in 2013.
In all market segments, the penetration rates for the use of HB LEDs continue to grow. The fundamental drivers for HB LED adoption have not changed. It is the impact of the worldwide economic recession on end product demand, rather than any slowdown in the rate of HB LED adoption, that is causing the HB LED market to dip in 2009.
For more information visit www.pennnet.com
Further reading:
SACEEC celebrates standout industrial innovation on the KITE 2025 show floor
News
Exhibitor innovation took the spotlight at the KITE 2025 as the South African Capital Equipment Export Council announced the winners of its prestigious New Product & Innovation Awards.
Read more...
SA team for International Olympiad in Informatics
News
The Institute of Information Technology Professionals South Africa has named the team that will represent South Africa at this year’s International Olympiad in Informatics.
Read more...
Anritsu and Bluetest to support OTA measurement
News
Anritsu Company and Sweden-based Bluetest AB have jointly developed an Over-The-Air measurement solution to evaluate the performance of 5G IoT devices compliant with the RedCap specification.
Read more...
The current sentiment of the global electronics manufacturing supply chain
News
In its latest report, the Global Electronics Association provides an analysis of the current sentiment and conditions in the global electronics manufacturing supply chain as of June 2025.
Read more...
Global semiconductor sales increase in May
News
The Semiconductor Industry Association recently announced global semiconductor sales were $59,0 billion during the month of May 2025, an increase of 19,8%.
Read more...
New president for Avnet EMEA
News
Avnet has announced that Avnet Silica’s president, Gilles Beltran, will step into the role of president of Avnet EMEA.
Read more...
DARPA sets new record for wireless power beaming
News
In tests performed in New Mexico, the Persistent Optical Wireless Energy Relay program team recorded over 800 W of power delivered for about 30 seconds with a laser beam crossing 8,6 kilometres.
Read more...
Nordic Semiconductor acquires Memfault
RF Design
News
With this acquisition, Nordic has launched its first complete chip-to-cloud platform for lifecycle management of connected products.
Read more...
Trina storage demonstrates high efficiency and long-term reliability
News
Independent testing confirms 95,2% DC efficiency and 98% capacity retention after one year of operation.
Read more...
From the editor's desk: AI – a double-edged sword
Technews Publishing
News
As with any powerful tool, AI presents challenges, some of which, if not carefully managed, threaten to undo the potential that it can offer.
Read more...
printer friendly version