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StrategiesUnlimited expects that LED revenues (including replacement lamps and fixtures) are expected to grow at a compound annual growth rate of 30 by 2017, when the summary will reach $13 billion.
The price of HB-LED has dropped a lot in the past few years, which has led to the decline in the price of led bulbs, but the price decline continues.
According to Philip Smallwood, director of LED and lighting research at StrategiesUnlimited, the average selling price of packaged LEDs is lower than that of previous years, as the market share of ultra-high power LEDs is growing.
Although all LED prices are falling, the increase in ultra-high power LED (higher price) penetration has increased the overall average selling price of all packaged LEDs.
The efficiency improvement continues, the average light efficiency of commercial lighting LEDs in 1W package is increased to over 100lm/W, and the multi-chip array light efficiency can reach 200lm/W.
The barrier stone for LED applications is no longer a light effect, but a cost. Lighting applications have appeared in many different packages over the past few years, including arrays, high index fingers, smaller color binning, orientation, multi-directional and high voltage LEDs.