LED Market Grew 9.8% To $12.5 Billion In 2011

03/01/2012

The worldwide high-brightness LED market grew from $11.3 billion in 2010 to $12.5 billion in 2011, a growth rate of 9.8%, according to Strategies Unlimited, the leading market research firm in LEDs. Demand for LED components in the lighting market grew 44%, from $1.2 billion to $1.8 billion.

On the supply side, 10 companies accounted for more than 68% of the LED market. Strategies Unlimited arrived at these figures after analyzing market demand as well as the supply-side activity of more than 54 LED component suppliers. The rank order of the top 10 suppliers in the LED market for 2011, by revenue of packaged LED components, is:

1. Nichia

2. Samsung LED

3. Osram Optoelectronics

4. LG Innotek

5. Seoul Semiconductor

6. Cree*

6. Philips Lumileds*

8. Sharp

9 TG

10. Everlight

(*Companies have the same ranking when the difference in revenue is within the margin of error. Revenue includes packaged LED sales only.)

Geographically, Taiwanese and Chinese suppliers gained market share at the expense of the other regions. China's improvement in product quality, coupled with gains in the domestic market, fueled the growth from 2% market share to 6% in one year. Korean companies lost share in the slowing market, even though they were the most aggressive in increasing capacity during the ramp-up in 2010. Philips Lumileds, Cree, and Osram Optoelectronics' expansion into 6-inch substrates slowed as there was a great deal of excess capacity in their existing 4-inch lines. The Japanese LED business has trended down or flat. However, Nichia and TG are major beneficiaries of the boom in tablet computers. Osram Optoelectronics gained a major design win, which propelled its visible LED component business to more than $1 billion.???P.S.

Solid State Technology, Volume 55, Issue 2, March 2012

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