The LED (light-emitting diodes) industry has grown dramatically in recent years, no longer being a niche item, and emerging into the mass market. This will have a great impact on the future of the lighting industry, moving towards smarter, innovative, semiconductor-based alternatives to the conventional halogen and even energy-saving light bulbs. LEDs are mercury-free and have the potential to save up to 90% more energy in comparison.
According to a report carried out by ‘Zion Market Research’ titled “LED lighting Market for Residential, Architectural and Outdoor Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”, the global LED lighting industry accounted for £26.09 billion US dollars in 2016 and this is expected to grow to £54.28 billion by 2022.
LEDs are 10 x more efficient compared to their incandescent counterparts, and combined with their long working life and reliability, makes them a strong choice for the next generation of lighting systems across a wide range of industries. ‘LEDinside’ looked at the top 10 LED demand and supply market trends for 2018 and uncovered some exciting developments in industries such as the IT display market, architectural and landscape lighting market, automotive and infrared LED market.
Mini LED Backlight Products in the Mobile Phone Market
A trend we’re seeing a lot recently from mobile phone manufacturers in an attempt to make their products stand out from the big players, such as Samsung and Apple, is combining mini LEDs with flexible substrate in order to achieve a high curved backlight. We expect to see an array of related mini LED backlight applications to be released in 2018.
LED-Usage Volume Panels in the Automotive Market
The automotive design industry is extremely competitive and therefore always looking for new ways to be innovative and cutting edge. Automotive panels are just one way manufacturers are looking to better their designs, being used across car dashboards, CIDs and entertainment displays; there’s great potential for the LED market to grow, with a projected increase from £67 million US dollars in 2016 to £173 million by 2021.
Leotronics have worked with a range of industries, including the automotive industry, to source LED products for organisations looking to develop their designs and become part of the smarter, more energy-efficient world. To find out more about how Leotronics can help you use LEDs in your design projects, contact us today.