Shipments of LED light bulbs by Taiwanese makers will increase this year amid their growing popularity, according to a local market research company.
LED light bulb shipments are expected to increase 20 percent from 1.34 million units last year to 1.60 million this year, LEDinside said in a recent research note.
The note follows an earlier report by Credit Suisse AG on Monday last week that said LED penetration into the general lighting market would increase from 21 percent this year to 37 percent in 2015.
With a 40 percent compound annual growth rate over the next three years, Credit Suisse forecast the LED lighting market would grow to be worth US$34.3 billion in 2015.
“We are optimistic about the LED lighting market as we see LED lighting products becoming economically viable, along with a changing attitude from lighting companies and new government policies,” Credit Suisse analysts Derrick Yang and Jerry Su (蘇厚合) wrote in the report.
The analysts said overall LED revenues from the backlighting market are estimated to stay flat. However they predicted that sales would decline by 5 percent next year because of LED saturation in TVs and monitors, as well as changes in backlight module design.
“Though the introduction of the high-resolution 4K2K [ultra-high definition] panel could be a positive, it is likely to remain a niche product in the near term, and will not be able to reverse the trend,” they said.