Abstract
Excessively High Manufacturing and Investment Costs Hold Back Total Light
Emitting Diode Market
Customers are hesitant to invest in high-brightness light emitting diodes (HB-LEDs)
because of their extremely high costs. HB-LED manufacturers need to educate end
users about the products?f benefits of higher performance level and lower
overall costs to improve uptake. This move can somewhat draw attention away from
the technical challenges in thermal management and electrostatic discharge,
though they continue to remain serious issues. The organic LED (OLED) industry
is also disadvantaged by exorbitant costs involved in its current synthesis
procedures and this is a major deterrent to its mass production. Lower
production yields do not justify increased investments in manufacturing units.
OLED companies have to identify cost-effective production methods and innovative
manufacturing techniques to scale production lines and meet evolving market
demand through improved production yields.
This Frost & Sullivan monitoring service examines the world emerging LED
markets – both organic and inorganic – and evaluates the various
trends and opportunities. The study also discusses the potential and
opportunities for HB-LEDs and OLEDs. LEDs?f performance benefits and capability
to address market demand are also explained.
Improved Performance and Long Lifecycle Spur Growth of HB-LEDs
The demand for enhanced performance and extended life has driven penetration
of HB-LEDs in market segments such as mobile appliances, automotive lighting,
and signage. "HB-LEDs capitalized on the performance deficiencies of
conventional LEDs in existing applications and now with improvements in
technology, new applications have emerged in various market segments," says
the analyst. HB-LEDs are used in vehicles for their higher light output and
durability. Vehicle manufacturers have started projecting lighting features
based on HB-LEDs as a key product differentiator.
The healthy growth in HB-LED market is not expected to saturate the market
and dampen prospects for participants. This is especially true for automobiles
that are witnessing several innovative changes. Signs and displays is another
promising area for HB-LEDs. Illumination and general lighting currently form
only a small part of the end-user segment and are expected to grow
significantly. The durability and smallness of these LEDs promote their use in
solid-state lighting sector.
Significantly Improved Performances Drive OLED Penetration in the Display
Market
OLEDs have performed consistently better than conventional display
technologies, by virtue of their better contrast, wider viewing angles, and
faster response times. This has held them in good stead in fabrication of
displays for various applications. "Their lower power consumption and
better quality motion pictures is driving the increased adoption of OLED
displays, especially in the small displays portable market," says the
analyst.
OLED has an exhaustive list of potential markets that includes backlighting
in cellular phones, digital cameras, automotive display panels, and large
displays such as TV screens and notebook monitors. "The introduction of
plastic electronics has triggered a revolution in displays and OLEDs are viewed
as potent devices for promoting the faster commercialization of flexible
displays such as downloadable newspapers and wearable/rollable displays,"
notes the analyst.
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