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Home > Articles > English > LED News > LED Encapsulation market continues to grow in 2018 will reach 16 billion U.S. dollars

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LED Encapsulation market continues to grow in 2018 will reach 16 billion U.S. dollars
From: The Site Author: LIGHTUP LED DateTime: 2013-9-28

LED Encapsulation market continues to grow in 2018 will reach 16 billion U.S. dollars

 

2012 became the largest general lighting applications LED encapsulation, LED technologies that replace the growth trend will continue into 2018. In addition to lighting, the other LED application market is also developing rapidly.

 

Moment, encapsulation LED market is $ 13.9 billion in the next five years, the growth rate slow and will peak in 2018 - $ 16 billion. At the same time, the share of lighting applications will continue to grow - from 45% to 65%. Nevertheless, the overall market still displays a large market share. At present, many products use LED technology, OLED market growth will enable the market is facing price pressure, and the share from 2013/2014 began to decline. Price declines in the general lighting market demand increases, the difference is, the display field is due to overcapacity in the market downturn resulting in lower prices.

 

 

LED Encapsulation market continues to grow in 2018 will reach 16 billion U.S. dollars

 

Continued growth of the LED market will reach $ 16 billion by 2018

 

There are three main factors that will determine the deepening of industry and market development: the need to further reduce costs further development of the market; LED industry and the lighting industry consolidation has just begun; new substrate technology may change the rules of the game industry.


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