Global LED market growth 2007-2015
The global market share of the lighting industry can be found here.
LED lighting market – additional information
Light emitting diodes (LEDs) only use one fifth of the electricity required by a comparable incandescent light. LEDs are currently one of the most energy-efficient light sources in the world. As end users recognize the potential cost savings of the energy-efficient source, conventional bulbs have started to be phased out and LEDs have continued their march to the top of the market. The global LED market penetration, which is forecast to reach 60 percent by 2020, is expected to drive growth in LED lighting sales throughout the next decade.
Global market for LED lighting in 2015 can be broken down by segment. General lighting amounted to about 40 percent market share, with large display backlighting coming in second at nearly 20 percent, followed by automotive uses in third. Although the global LED market size is projected to grow in the long run to reach a peak of 36 billion U.S. dollar in 2018, the LED market growth has seen a lesser growth trend trend since 2012 and reported its first negative growth in 2015. The growth trajectory for LED lighting demand has been steadier in the past few years, which pointed to the market shift in both general lighting and backlighting, whose applications appeared to have reached saturation. The trend in general lighting annual market growth is forecasted to be sustained, dropping to 15 percent from 2016 to 2020. The backlighting market is anticipated to shrink further, falling to a negative 13 percent market growth during the same period.