Report: High-Brightness LED Market Growth Continues

While the markets for most electronic and optical components peaked in 2000 and have since tended to decrease, the high-brightness LED market grew by 51 percent in 2002 to $1.84 billion, the company said, and this market is forecast to grow to $4.7 billion by 2007.

High-brightness LEDs are used in a wide variety of applications that benefit from their high visibility (even in full sunlight) and full-color spectrum, including white. The spectacular growth of 2002 was led by a dramatic ramp-up in the use of the LEDs in mobile phones, including backlighting for full-color LCD screens and keypad backlighting. However, other applications also contributed to this vibrant market, Stragies Unlimited said.

High-brightness LEDs are used extensively in the automotive sector, both for instruments panel lighting and for external signaling. They are the enabling components for full-color outdoor video screens used in sports stadiums, outdoor advertising and rock concerts. Moreover, they have been widely adopted in red, green and yellow traffic signals, primarily in North America, and in highway signs and moving message panels. Illumination applications are the latest to benefit from the high efficiency and long lifetimes of high-brightness LEDs. The market is worldwide in scope and supported by manufacturers in several regions, including North America, Europe, Japan, Taiwan and Korea, the company said.

Strategies Unlimited's new report, High-Brightness LED Market Review and Forecast -- 2003, analyzes the market from both the supply and demand sides. Quantitative market analysis is provided, with breakouts by application and product type, in terms of both units and revenue, and five-year market forecasts are provided for each application.

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