The report notes that in 2025 Asian urbanization will grow 44 percent in 2010 to 53 per cent, compared to the global urbanization on-year growth of only 6%. With the increasing size of the middle class in Asia, consumer demand transportation and communication technology will continue to grow, and consumers on energy efficiency and sustainability requirements will be higher. Great Asian market trends are driving innovation and change in the residential lighting technology, medical diagnostics and therapy, outdoor use and transportation in four key areas.
Wherein, in the construction field, green building and smart home will create a new architectural concept, with the digital environment-detection lighting system, remote and automatic control; in the medical field, medical imaging, mobile monitoring devices and biosensors will bring optical diagnostics The prosperity and development; in outdoor lighting, street and outdoor lighting will maximize the use of daylight saving while reducing urban pollution; in the transport sector, the development of intelligent transportation will lead to traffic lights to adopt sustainable lighting solutions and energy-efficient vehicles also will use more environmentally friendly lighting.
Currently, the global lighting market size of about $ 66 billion in 2020 is expected to grow to $ 100 billion, then, LED lighting will account for more than 70% of the global lighting market share. The Asian market demand for LED lighting is particularly strong, mainly due to urbanization and prosperity under the construction market, as well as government support for energy-efficient lighting. Asia is not only a major consumer market of LED lighting, LED lighting is a major manufacturing market, a large number of LED lighting factories in mainland China and Taiwan region of China, Korea and Japan, the rapid rise.
Another major market power LED development from reconstruction needs. In 2011 after the Japanese earthquake and tsunami, the huge demand for reconstruction in Japan for the LED market penetration increased to 50%, and is expected to further increase to 90%.