We have some new market numbers for the LED world: HB-LEDs passed into the double-digit billion dollar territory in 2010, while LED luminaires will reach $8.4 billion by 2014. These numbers will be discussed at the Strategies in Light event in Santa Clara next week.
The LEDs market number is up significantly from last year, due to the stronger than expected growth in LED backlights for LCD displays. And by the way, China is coming on strong in both the demand for and supply of LEDs.
In LED luminaires, the largest segment is in consumer portables: flashlights, worklamps, and so forth. The transition to LEDs in that segment is almost complete, which is very rapid for a new technology. The strongest growth in luminaires is in residential lighting, but starting from a small base.
What’s driving this? Heightened awareness of energy efficiency, phasing out incandescent bulbs, and fiscal stimuli certainly helped.
Oh and yes, China is now both the largest end market and the largest supplier of LED luminaires. Sound familiar?
SIL 2011 is next week and it looks like it will break attendance records once again. It’s going on Tuesday through Thursday at the Santa Clara Convention Center. The conference will feature 66 speakers spanning two main sessions, an investors forum, and workshops and tutorials. There will also be presentations in the Lighting Pavilion each day on the show floor.