APAC sales to grow 23% per year but revenues stay flat as unit price falls.
Demand for LEDs for displays forecast to boom over next five years. The global volume of light emitting diodes installed in signage and professional displays reached 57 billion units in 2012.
But by 2018, consumption is forecast to almost triple to reach 143 billion packaged LEDs in such displays, according to market analyst ElectroniCast, Aptos, CA, USA.
ElectroniCast Consultants, commented, he consumption value will increase with rising quantity growth but this will be largely offset by declining average prices.
The Americas and Asia Pacific regions are currently near even in market share; however, the APAC region is forecast to expand at the fastest pace (22.8% per year). Europe, Middle East and Africa today hold a much smaller share of global consumption value compared with the other regions.
Brighter later
Electronicast explains that its 2012-2018 market review and forecast is presented for tandard-type versus High Brightness (HB) LEDs used in signage and professional displays. HB LEDs, are defined as component-level bulbs with a lumens/watts rating of 30 lm/W and above; standard-type LEDs have a rating of under 30 lm/W.
This application category includes covers LEDs used signs and displays. LEDs are increasingly used in building facades, large outdoor video screens, digital billboards, sport/stadium displays, small indoor retail displays, food displays in restaurants and supermarkets, signs on taxis and destination signs on mass-transit vehicles, LED and LCD TV screens, among other applications.
This detailed market forecast report is available immediately from ElectroniCast Consultants, which specializes in forecasting trends in technology, markets and applications forecasting, strategic planning and consulting.
