LED market in 2014: massive growth in shipments and revenue

With the increasing importance given to LED lighting not only in US and Europe but recently more so in Japan, South Korea, a sales of more than 1 Billion LED lamps (shippment of the complete lighting unit) is expected in year 2014, which can be estimated to result in a revenue growth in the range of 30-40% in 2014, and in 2016 it can be estimated to reach 3 Billion unit shippment of LED lamps. The total revenue generated by LED lamps in 2014 can be estimated in the range of 6-8 Billion US$. If we look at LED chips (single unit LED on a die without driver electronics) shipment, it is easily 4 to 6 times the LED lamp shipment. Examples of LED lamps include spotlights, bulbs, LED-luminaries, streetlights and tube lights. If this is about LED revenue figures for lighting applications alone. The complete high brightness LED market is expected to grow at a slightly lower level of 20% in 2014 and the total high brightness LED sales in 2014 (including lighting, LCD backlighting, indusrial, and others) can be estimated around 25 Bilion US$. This excludes LEDs used in front panels of electronics systems and devices used for signal indication. LED market in 2014 and 2015 is anticipted to be a close repeat of solar PV market in 2012 and 2013, where China could supply low cost products to the developed regions and may get the tag of 'dumping'. Below is the further analysis on...