High quality picture image and power efficiency are the major driving factors for LED display market whereas LED lighting market will be driven by general lighting segment in next 3 to 5 years due to the increasing awareness about high efficiency of LED lighting fixtures, dimablity, longer lifespan and increase in green building construction.
The revenue for the overall LED displays, lighting and fixture market is expected to grow from $10,530.00 million in 2011 to $31,561.55 million in 2016 at an estimated CAGR of 24.8%. As of 2010, the LED display market has generated $5,400.00 million and is expected to reach $12,490.53 at an estimated CAGR of 15.0% from 2011 to 2016. As of 2011, the LED lighting and Fixture market is estimated to be $4,320.00 million and is expected to grow with a healthy CAGR of 35.0% to reach $19,371.02 million by the end of 2016.
Currently North America is leading the market but it would hold the second-largest share of the global LED displays, lighting and fixtures market in 2016 at $10,256.63 million with CAGR of 23.2% from 2011 to 2016 preceded by APAC region with $11,242.85 million market revenue. The US, Japan, Germany, Taiwan and Korea make up the top locations geographically leading the evolution of LED lighting and displays putting most of the industrially developed nations at the spearhead.
Typical indicator LEDs are designed to operate with no more than 30-60 milliwatts (mW) of electrical power. Around 1999, Philips Lumileds introduced power LEDs capable of continuous use at one watt. These LEDs used much larger semiconductor die sizes to handle the large power inputs. Also, the semiconductor dies were mounted onto metal slugs to allow for heat removal from the LED die.
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