Press Release

HB-LED Driver ICs General Lighting Applications Forecast to Reach $5.7 Billion in 2018


February 8th, 2012

Global Information Inc. would like to present a new market research report, " High Brightness LED Driver Integrated Circuits Global Market Forecast and Analysis (2012-2019)" by ElectroniCast.

The light emitting diode (LED) market, despite exciting innovative devices driven by technological advances and ecological/energy-saving concerns, still face challenges in overcoming performance/price limitations and in attracting widespread consumption. The use of HB-LED Driver ICs in general lighting, as well as several other applications discussed in this report service, is increasing. For example, in the general lighting application, the increase in consumption is initially driven from government-based retrofitting projects  then to commercial/business  and eventually to the consumer-level.

High Brightness (HB) LEDs face the challenge of creating definitive positions in the illumination market, as competing lighting solutions are readily available and generally accepted. While this does not limit the potential success of HB-LEDs, it does create some challenges. High Brightness (HB) LEDs, defined by ElectroniCast for the purpose of this study as component-level bulbs (packaged LEDs) with a lumens/Watt rating of 30 lm/W and above.

According to ElectroniCast, of all of the applications covered in this study, the General Lighting application is forecast with the fastest growth. The worldwide consumption value of HB-LED Driver ICs in solid-state lighting (SSL) General Lighting applications reached $183 million in 2011. During the 2011-2018 timeline, we forecast that the consumption value will grow at an average annual rate of 63.4 percent to nearly $5.7 billion in the year 2018.

According to ElectroniCast, the worldwide consumption value of HB-LED Driver ICs used in solid-state lighting (SSL) General Lighting applications reached $183 million in 2011 and is forecast to reach nearly $5.7 billion in the year 2018.

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