In 2012, General lighting became the largest application area of LED encapsulation and this kind of LED technology growing trend will be extended to 2018. Besides the lighting application, other LED application market such as LED display is growing fast too.
At present, LED encapsulation market value is 13.9 Billion dollar and will grow slower in next 5 years, then finally reach to peak of 16 billion in 2018. At the same time, the LED lighting application market share will increase from 45% to 65%. Even though, the display still occupy the large share of the market. Currently a lot of products use LED technology, but the growing OLED market make the LED market face a lot of pressure and even declining.
General lighting market price going down enhances the demand, but for the LED display market, the going down price is because of excess production capacity, so the lower price makes the demand less instead.