IMSResearch market the analyst JamieFox in the 2012 British International LED Exhibition (EuroLED) said, the market value of the high-brightness LED lighting industry for general lighting applications reached a peak in 2017, then began to fall with the rapidly falling costs of technology. LED supplier’s “Golden Age” in 2013 to 2017.
Fox said that during this period, the LED market penetration is expected from the strong growth of a few percentage points to 10 percent in 2014 and 2017, 25%. Although the cost of the LED lighting industry in the next five years may be declining rapidly, but this is 2017, in order to hinder the growth of the market value of the general lighting applications in the field of LED chips.
However, after 2018, the market reached saturation, with the decline in LED prices and provide a long service life due to LED technology led lamp replacement rate, the field of general lighting applications, led high bay market began to shrink.
LED lighting industry in the broader market will usher in significant growth from the current $ 85 billion to $ 120 billion in 2017. But with the cost reduction and saturation of the market, ten years later, the market size will shrink to 105 billion U.S. dollars.
A key driver of cost reduction is one of the GaN LED chip production from the sapphire or silicon carbide substrate to the transfer of the silicon substrate, this new way of being the support of many of the major manufacturers in the industry, although varying degrees of success.