Five Major Directions for 2013 Global LED Market

Global economy in 2012 suffered continuous downturn, resulting in the weak growth of worldwide LED lighting market. But just as a famous poetry goes “If Winter comes, can Spring be far behind?” With the coming of 2013, global LED market is showing picking up signs, according to CPbay products bay monitoring data. In addition, many domestic and foreign research institutions and the industry all generally give optimistic prediction.
The China Products Bay is the exclusive foreign trade platform for high-tech products with many LED professional overseas buyers and quality suppliers. Based on comprehensive monitoring data, customer interviews, and inquiry, trading activity, CPbay analysts believe that the 2013 global LED market as a whole will pick up, and presents five highlights.

1. The output value of global LED in 2013 may grow by 12%.

Worldwide LED market, driven by the demand for handheld device and LED lighting products, is projected to achieve output value of $12.4 billion, an increase of 12% from 2012. On the industry dynamics side, due to that the oversupply status of the entire LED industry still can’t be solved in short term, so various LED manufacturers will seek for new application and strategic alliances to ensure order and increase profit space.

2. The package cost of LED in 2013 continues to reduce.

CPbay monitoring data show that, in 2013, the output value of LED package in lighting market was about $26.6 billion, rising by 23.5% comparing with 2011. And LED packaging used in the architectural landscape lighting or projection lamps, light bulbs and other indoor lighting accounted for the highest share. However, in the condition of the LED packaging price continuing declining, the demand of various national LED lighting markets is gradually opened due to the advanced introduction and price incentives. From global LED bulb market perspective, as the lowest retail price of equivalent-to-40W-incandescent LED bulbs has reached sweet spot of $ 10 in South Korea, the United States and Britain in 2012, respectively, making consumers improve the purchase willingness of LED lamp. 2013 will see more significant decline trend of cost.