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SOURCE Research and Markets
DUBLIN, February 6, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/q83n96/solid_state) has announced the addition of the "Solid State Lighting Market - Analysis & Forecast to 2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The Solid State Lighting Market has transcended from traditional lighting technologies such as CFL and CCFL to LED lighting. However, persistent financial turmoil in the U.S., economic slowdowns experienced by emerging economies such as India and Brazil, along with the debt crisis faced by European countries have adversely affected the lighting market.
Automobiles have been hugely benefited from LED backlighting. Long life, reduced size, energy efficient, and light adjusting capabilities have resulted in the acceptance of LED TFT-LCD backlighting in automobiles. Traditionally, LEDs were only used in dashboards mainly for infotainment, now they have expanded its usage into front and trail lighting. The lifespan of installed LED is higher than the automobile's lifespan. Secondly, its light adjusting capabilities that are driven by high performance IC's are beneficial for automotive sector.
LED manufacturers are shifting their focus to producing lighting products due to decreasing demand in backlighting applications. The main reason for the decrease in backlighting applications is the higher penetration of OLEDs in the display market. Going forward, with decreasing production costs, prices of OLED panels will decline and OLED will further penetrate into the display market replacing LCD and LED display technologies. Scores of Asian companies such as Samsung LED Co. Ltd (South Korea) and LG Innotek Co. Ltd. (South Korea)have geared up to emerge as dominant players in the OLED equipment and materials market. The PLED market is still in its nascent stage of production, and has not been fully commercialized. Production of PLED has been restricted to small displays with limited number of applications.
The total market is expected to reach $56.79billion by 2018, at a CAGR of 18.7% from 2013 to 2018. APAC leads the overall global Solid State Lighting market for the largest percentage share with 49.8% in 2012. North America and Europe follows the APAC region with 23.9% and 19.9% of the overall SSL market respectively.
Key Topics Covered:
2 Executive Summary
3 Cover Story
4 Market Overview
5 Industry Analysis
6 Market Analysis
7 Solid State Lighting, By Materials
8 Solid State Lighting Market,By Types
9 Solid State Lighting Market, By Applications
10 Solid State Lighting Market, By Verticals
11 Solid State Lighting Market, By Geography
12 Competitive Landscape
13 Company Profiles
For more information visit http://www.researchandmarkets.com/research/q83n96/solid_state
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