The On-Line industry
news leader Edison Report rolls out word this week from a new market research
report that the total Solid State Lighting (SSL) market is expected to reach
$56.79 billion by 2018.
Edison Report cites
the U.S.-based global market research and consulting company Markets and Markets recently published, “Solid State Lighting Market by Types (LED, OLED,
and PLED), Application (General Lighting, Backlighting, Automotive, Medical),
Verticals (Industrial, Residential, Consumer Electronics), Materials &
Geography – Analysis & Forecast (2013-2018)“ that from 2013 to 2018, backlighting
and general lighting application will contribute to the global Solid State
Lighting applications market with a share of 87% in 2012 and is expected to
record high growth in coming years.
According to Markets
and Markets, the global Solid State Lighting Market has been segmented by types
of SSL, applications and verticals. The Solid State Lighting Market by types
includes Light emitting diodes (LED), Organic light emitting diodes (OLED) and
Polymer based light emitting diodes (PLED). The SSL based LED’s are further
segmented by materials used at different stages of manufacturing process in the
report. LED based SSL are primarily utilized in general lighting and
backlighting based applications. Energy efficient characteristics of the SSL
lighting technologies will be integrated with light based medical applications.
The Markets and
Markets report notes that OLED’s has high market share in backlighting
applications adding that demand for OLED display has been accelerating as it
has diverse applications and better display features. They say that going
forward, with decreasing production costs, prices of OLED panels will decline
and OLED will further penetrate the display market displacing LCD and LED
display technologies. Many Asian companies have geared up to emerge as dominant
players in the OLED equipment and materials market.
APAC is the leading
region in the overall Solid State Lighting Market with 50% of market share in
2012; followed by North America and Europe with 23.9% and 19.9% each in 2012.
In ROW, Russia, Brazil and the Middle East are the largest contributors with
total share of 6.3% occupied in global Solid State Lighting Market.
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