According to the latest U.S. market research firm MarketsandMarkets called “solid state lighting type (LED, OLED, PLED), application background (general lighting, lighting, automotive lighting, medical lighting), category (industrial, household, consumer electronics), materials and regional, market analysis and forecast (2013-2018),” the report, global solid-state lighting market is expected to reach $56.79 billion in 2018, from 2013 to 2018, the compound annual growth rate of 18.7%.
Solid-state lighting markets around the world, depending on the type of solid-state lighting applications and category. Among them, the type of solid-state lighting including LED, OLED and PLED (polymer light emitting diode), and the LED can be further used by different stages according to the production process for each material.
LED is mainly used in general lighting and background lighting. In addition, the energy of solid state lighting will be combined with the medical technology based on light. Surgical lamp with low heat dissipation of the LED, for example, in order to create comfortable working environment for surgeons and patients.
In the background of OLED lighting applications with high market share. Due to varied purposes and better display properties of OLED, demand for OLED is higher. With the reduction of production cost of OLED display price will drop, make its permeability to display market further, and gradually replace the LCD and LED display technology. Many Asian companies have targeted the OLED devices and materials market, strive to become one of the leader. OLED compound annual growth rate is expected to could reach more than 25%.
In 2012, general lighting and background lighting accounts for 87% of the world’s solid state lighting market. The asia-pacific region is the world’s solid-state lighting market leader, regional market share up to 50% of the total 2012, followed by North America and Europe, market share of 23.9% and 19.9% respectively. In addition, Russia, Brazil and the Middle East in 2012, a total of 6.3% of global market share.