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Global LED Market Reached $ 19.6 Billions
In 2014, LED industry was gradually moving from growth to maturity. To further expand the industrial scale, LED lighting market penetration rises gradually, to promote the use of landscape lighting, road lighting, commercial lighting, and other fields, to accelerate the penetration of home lighting. Market demand segmentation, and gradually rise of emerging market applications. Business competition, mergers and acquisitions frequent incidents. Technical strength has been showing, initially formed from the upstream chip material, relatively complete device packaging midstream and downstream applications of the research system. Accelerate the transformation of traditional enterprises, EMC, O2O other emerging business models accelerate penetration. By 2014, the global LED market size and rapid growth. According StrategiesUnlimited consulting agency statistics, the global LED market reached $ 19.6 billion, an increase of 35.17% over 2013's $ 14.5 billion, the highest in nearly five years of growth. The main market pulling power LED industry has experienced three stages of development, are displayed and small size backlight application stage, the stage of large-size backlight applications, LED lighting application stage. 2014, LED backlighting saturation of the market, market share fell from 15% to 14%; LED display applications share declined from 28% to 26%; LED general lighting applications market share continued to increase, from 29% in 2013 to enhance the to 34%, including automotive lighting applications accounted for 9%. LED lighting applications become the driving force of global application of the new wave of high-speed growth. According to China Taiwan ITRI statistics, from 2010 to 2014 the global LED lighting market compound annual growth rate of 22%, to maintain steady growth. 2014 global LED lighting market reached $ 46.98 billion, up 34% over 2013, the largest increase for the past few years. Global LED lighting penetration rate of 11 percent from 2012 significantly increased to 33%.
    
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