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This statistic represents the global LED lighting market in 2015, with a breakdown by segment. In 2015, automotive LED lighting is projected to reach a market share of ** percent. The abbreviation LED stands for light-emitting diodes.

LED lighting market – additional information

A light-emitting diode (LED) is an electronic semiconductor light source which is generally used in digital displays and lamps. Currently, light-emitting diodes are among the most energy-efficient light sources in the world. More and more countries are getting close to phasing out conventional bulbs in favor of more energy-efficient light sources such as light-emitting diodes and organic light-emitting diodes.

In contrast to most traditional light sources, LEDs can be very small, light up quickly, and have a relatively long useful life. Although LEDs have many technical advantages, they can be slightly more expensive than other technologies. It is estimated that in 2020, LED lamps with a cool white color cost on average approximately ** U.S. cents per kilolumen. However, its extended lifetime provides a longer-term cost savings due to reduced maintenance costs. For an interior downlight lamp, nearly half of the costs are associated with the mechanical, thermal, and electrical aspects.

In a typical LED package in the United States, both packaging and wafer processing accounted for approximately a quarter of the total cost. In the near future, it is estimated that*** percent of the LED luminaire market share will be dedicated to downlights and * percent to street lights.

The global LED lighting market is growing steadily according to recent statistics. The market for light-emitting diodes has increased by over ** billion U.S. dollars from 2013 to 2015. Additionally, light-emitting diodes are expected to achieve a ** percent penetration of the global lighting market by 2020.