Light Emitting Diodes (LEDs) are solid-state semiconductor devices that convert electrical energy into visible light. The semiconductor materials used in LEDs are crystals comprised of a combination of two or three elements such as gallium, phosphide, and gallium indium nitride. LEDs are preferred for the advantages they offer over incandescent light sources and for their directionality, low operating costs, long lifespan, and durability.
The inability of existing light-emitting technologies to meet the demand for better performance has resulted in the creation of high-brightness light-emitting diodes (HBLEDs). HBLEDs are composed of various materials including aluminum (Al), gallium (Ga), indium (In), phosphide (P), and nitride (N). AlGaInP is used for manufacturing red and yellow LEDs, also known as warm-color LEDs. InGaN is used for manufacturing green and blue LEDs, also known as cold-color LEDs. White LEDs are created by adding phosphor to blue LEDs.
Conventional LEDs are easier to manufacture than HBLEDs, which require sophisticated, compound semiconductor growth techniques. The most popular method to manufacture HBLEDs is metal-oxide chemical vapor deposition (MOCVD). The market is driven by the increased use of LEDs in backlighting.
This research service provides an in-depth analysis of the light-emitting diode (LED) market, with a particular focus on segments such as mobile, backlighting, and automotive backlighting. Market engineering measurements are given for the total market as well as for the market segments. It also provides revenue forecasts and revenue forecasts by vertical for geographical regions, including North America, Europe, Asia-Pacific, and Rest of World. The study highlights market drivers and restraints, provides revenue forecasts, and offers a competitive analysis. An overview of technology trends and a growth strategy analysis are included. The study period for this service is 2008 to 2016, with a base year of 2011.