May 30, 2012 -- Phosphors used in light-emitting diode (LED) lighting applications will see a market increase from about $525 million in 2012 to more than $730 million by 2015, continuing to over $1.6 billion by 2019, said NanoMarkets in its new report, “Market Opportunities for LED Phosphors in Lighting Applications 2012.” This means a 17% compound annual growth rate (CAGR) over the 8-year forecast period.
As LED lighting is adopted globally, starting in 2012 and with the support of many national and municipal governments, LED phosphor suppliers will sell to an expanding market, especially in the general illumination sectors. To read more about how LEDs are changing the lighting industry, see Egret Consulting's report from LightFair 2012: LEDs outshine legacy lighting business structure at LightFair 2012
Phosphors can improve luminous efficacy to make LEDs comparable with fluorescent lighting. LED phosphors increase internal quantum efficiency or reduce down-conversion loss.
For general illumination LEDs and display backlights, phosphors will be used to improve color rendering, bringing LEDs into competition with incandescent lighting.
LED lighting component makers will also use phosphors and phosphor blends to tailor color temperatures to applications.
During the forecast period, the market value for LED phosphors in display backlighting will decline. Underlying display markets will not keep up demand, as advances are enabling fewer LEDs per device.
Market Opportunities for LED Phosphors in Lighting Applications 2012 from NanoMarkets provides analysis and forecast of the LED phosphor market in the next 8 years as it relates to the fabrication of white LEDs for lighting applications, covering market strategies, products, and technical developments in the area of LED phosphors. The report also includes NanoMarkets’ assessments of the strategies of several of the leading firms active in the LED phosphors space, and granular 8-year forecasts of the inorganic LED phosphors shipments in both volume and value terms, with breakouts by type of phosphor and by phosphor deposition technology.
Key players mentioned in the report: Seoul Semiconductor, Intematix, Mitsubishi, Nichia, Toyoda Gosei, Dow, Osram, GE, Philips, and others.
NanoMarkets tracks and analyzes emerging market opportunities in solid-state lighting, energy, electronics and other markets created by developments in advanced materials. Visit www.nanomarkets.net for a full listing of NanoMarkets' reports and other services.