Tablets Light Up LED Market Future

Monday 22 October 2012, Amsterdam

The continuing popularity of tablets and similar mobile devices will be a key factor in the growth of the global light-emitting diode (LED) market, says a new report from industry experts.

The company’s latest findings state that the mobile devices segment of the global LED market is expected to account for 39 bn unit sales by the end of 2012, but will almost double to 75 bn by 2016, climbing at a compound annual growth rate (CAGR) of 14%.

The mobile devices portion contributed $4.7 bn to the total LED market in 2011 – a share of 27% – and the insatiable demand for tablets such as Apple’s iPad 3 and Google’s new Nexus is expected to be a major market catalyst.

LEDs are employed to reduce the power required to backlight tablet displays, which are typically the most battery-sapping components. Other tablet requirements, such as consistent brightness and lack of flicker during dimming, are also met by LED technology. As a result, the expected escalation in tablet shipments across the globe will lead to an increase in the demand for highly efficient LEDs.

According to the new report, the tablet market had a global sales volume of 73 million units in 2011, but this value is expected to explode in the near future, reaching 350 million units in 2016. The report also explores the rising need for LEDs in horticultural applications, claiming the area has huge potential to enlarge the overall LED market value. The small size of LEDs, combined with their high efficiency and long lifespan, could see them play a big role in expanding plant cultivation and production.

This report provides information on industry dynamics, key suppliers, and the sales revenue and sales volume of LEDs and LED driver ICs.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by a team of industry experts.