8 June 2012

LEDs in signage/professional displays to grow from $1.63bn in 2011 to $3.3bn in 2017

Global consumption of packaged light-emitting diodes (LEDs) used in signage and professional displays rose from $1.5bn in 2010 to over $1.63bn in 2011 and will grow to $3.3bn in 2017, according to a new market review and forecast by ElectroniCast Consultants. The consumption value will increase, but with rising quantity growth largely offset by declining average prices (ASPs).

Graph: Consumption of LEDs in signage & professional displays, 2011-2017 ($bn).

This application category covers LEDs that are used in signs and displays, e.g. building facades, large outdoor video screens, digital billboards, sport/stadium displays, small indoor retail displays, food displays (restaurants/ supermarkets), signs on taxis and destination signs on mass-transit vehicles, channel-lettering/light-boxes, and LED/LCD TV screens (used exclusively for professional purposes).

The 2011-2017 report is presented for standard versus high-brightness (HB) LEDs used in signage and professional displays. Of component-level bulbs, ElectroniCast defines HB-LEDs as having a lumen-per-Watt rating of 30lm/W and above, and standard LEDs as having a rating of less than 30lm/W.

In terms of volume (the quantity/number of LEDs), the market share leader is the standard LED, with a share of more than 95%. However, since there is a huge difference in ASP between HB-LEDs and standard LEDs, HB-LEDs hold the lead in terms of consumption value, with a share of nearly 67% in 2012.

The high-brightness category also includes ultra-high-brightness (UHB) light-emitting diodes (with a rating of over 70lm/W). The ASP for both conventional (standard) and HB LEDs will decrease annually. However, UHB-LED prices have a substantial premium over HB-LEDs. There is currently relatively little use of UHB-LEDs in this application but, as their use increases, the overall effect results in just a slight annual decrease in ASPs in the HB-LED category during 2011-2017.

The American region (South, Central and North America) and the Asia Pacific region (APAC) are even in market share this year. However, APAC is forecast to expand at a faster pace. The Europe, Middle East and African region (EMEA) holds over 20% share of global consumption value, but is forecast for relatively flat growth for the next few years.

See related items:

LEDs in signage/professional displays rises 17% to $1.52bn in 2010

Tags: LEDs Signage

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