10-Year Market Forecast
This market forecast report, which is available immediately, is part of a consultant service from ElectroniCast Consultants to our clients. This 2019-2029 market estimate and forecast is presented for our extensive study of the worldwide use of packaged Light Emitting Diodes (LEDs) in Test/ Measurement, Medical and other Science Devices.
The market data are segmented into the following geographic regions, plus a Global summary:
• North, Central and South America (America)
• Europe, plus Middle Eastern and African countries (EMEA)
• Asia Pacific (APAC)
The LED market is segmented into the following sub-application categories:
• Sensing/Detection and Analytical/Monitoring
• Photo-therapy/Sanitation/Cell Regeneration/Curing
• Instrumentation Light Source and Imaging
The market data for are also segmented by the following colors (type):
• Red
• Green
• Blue
• White
• Multiple Color/Multiple Chip
• UV and Other
LED Level Quantified in the ElectroniCast Study Below, are four levels (or “food chain”) of LEDs. For the purposes of this ElectroniCast study, we quantify and provide a market forecast for “Level 2”
Level 1 - The chip or die
Level 2 - The Packaged LED Chip(s)
Level 3 – LED module / LED Lamp
Level 4 - LED luminaire (light fixture/light fitting with LED module/lamp)
This report provides the market data by the following functions:
• Consumption Value (US$, million)
• Quantity (number/units)
• Average Selling Prices (ASP $, each)
The value is determined by multiplying the number of units by the average selling price (ASP). The ASPs are based on the price of the packaged LED at the initial factory level. The value is then based on the end-use application and the end-use region.
Microsoft Excel- Data Base Structure At each database level, the ElectroniCast estimates and forecast for packaged LEDs is built from the bottom up, segmented by color–type, arranged in a hierarchy, of the end-user types (applications) that use devices that the LEDs are used in, and arranged in a hierarchy and summed upward. The estimates and forecast for each LED color-type in each region is in terms of quantity (unit/each), value (US$ Million) and average selling price.
SAMPLE
Excel Data Table (2019-2029)
ElectroniCast Market Forecast
SAMPLE
Excel Worksheet (2019-2029)
ElectroniCast Market Forecast
Information Base for the Market Forecast
Primary Research This study is based on analysis of information obtained continually over the past several years, but updated through early April 2020. During this period, ElectroniCast analysts performed interviews with authoritative and selected representative individuals in the following sectors relative to the use of LEDs: medical, science, bio-photonic, display industry, test/measurement, instrumentation, R&D, university, military defense/space and government. The interviews were conducted principally with:
• Engineers, marketing personnel and management at manufacturers of LED test/measurement & medical science equipment/devices and related equipment, as well as other technologies
• Design group leaders, engineers, marketing personnel and market planners at major users and potential users of LEDs and test/measurement & medical and other science equipment/devices
• Other industry experts, including those focused on standards activities, trade associations, and investments.
The interviews covered issues of technology, R&D support, pricing, contract size, reliability, documentation, installation/maintenance crafts, standards, supplier competition and other topics.
Analysis The analyst then considered customer expectations of near term growth in their application, plus forecasted economic payback of investment, technology trends and changes in government regulations in each geographical region, to derive estimated growth rates of quantity and price of each product subset in each application. These forecasted growth rates are combined with the estimated baseline data to obtain the long-range forecasts at the lowest detailed level of each product and application.
Secondary Research A full review of published information was also performed to supplement information obtained through our interviews. The following sources were reviewed:
• Professional technical journals, papers and conference proceedings
• Trade press articles
• Company profile and financial information; Product literature
• Additional information based on previous ElectroniCast market studies
• Personal knowledge of the research team
In analyzing and forecasting the complexities of geographical regional markets, it is essential that the market research team have a good and a deep understanding of the technology and of the industry. ElectroniCast members who participated in this report were qualified.
Bottom-up Methodology ElectroniCast forecasts, as illustrated in the forecast data structure, are developed initially at the lowest detail level, then summed to successively higher levels. The background market research focuses on the amount of each type of product used in each application in the base year (last year = 2019), and the prices paid at the first transaction from the manufacturer. This forms the base year data. ElectroniCast analysts then forecast the growth rates in component quantity use in each application, along with price trends, based on competitive, economic and technology forecast trends, and apply these to derive long term forecasts at the lowest application levels. The usage growth rate forecasts depend heavily on analysis of overall end user trends applicable products/applications and equipment usage and economic payback.
Cross-Correlation Increases Accuracy The quantities of packaged LEDs, LED Driver ICs, LED materials/wafer/die/chips, LED Lamps and LED fixtures (luminaries) and other LED-based components, manufacturing processes/quality control/yields, and end-use products used in a particular application are interrelated. Since ElectroniCast conducts annual analysis and forecast updates in each LED component field, accurate current quantity estimates are part of the corporate database. These quantities are cross-correlated as a "sanity check".
ElectroniCast, each year since 2002, has conducted extensive research and updated their forecasts of several LED lighting categories. As technology and applications have advanced, the number of component subsets covered by the forecasts has expanded impressively.
The calculation and analysis data spreadsheet technique is based upon input/output analysis, leveraging the quantitative consumption quantity, price and value of each item in each application at all levels to achieve reasonable quantitative conclusions; this interactive analysis concept, first applied on a major scale by Leonteff, of the US Department of Commerce, in the mid 1950s, was then adopted successfully by analyst/forecasting firms Quantum Science, Gnostic Concepts and (in 1981) by ElectroniCast
Table of Contents
1. Executive Summary
1.1 Overview
1.2 Bare (Unpackaged) LED Chips – Overview
1.3 LEDs – Technology Overview
1.4 Barriers to Growth in the Military/Government Sector
2. LEDs Used in Test/Measurement & Medical Science Devices Market Forecast
2.1 Overview
2.2 Sensing/Detection and Analytical/Monitoring 3-
2.3 Photo-therapy/Sanitation/Cell Regeneration/Curing
2.4 Instrumentation Light Source and Imaging
3. ElectroniCast Market Research Methodology
4. Market Forecast Data Base - Introduction
4.1 Overview
4.2 Tutorial
Addendum –
• Microsoft Excel - Data Base Spreadsheets (Global Market Forecast); Detailed Data:
o Average Selling Price, per unit ($, each)
o Quantity (Million)
o Value ($, Million)
• PowerPoint Market Forecast Summary Figures
List of Tables –
1.1.1 LEDs in Test/Measurement & Medical Science Devices Global Forecast, By Application ($, Million)
1.2.1 LED Color Variety – Selected Examples
1.2.2 LED Color Chart
2.1.1 LEDs in Test/Measurement & Medical Science Devices Global Forecast, By Application ($, Million)
2.1.2 LEDs in Test/Measurement & Medical Science Devices Global Forecast, By Application (Quantity)
2.1.3 LEDs in Test/Measurement & Medical Science Devices America Forecast, By Application ($, M)
2.1.4 LEDs in Test/Measurement & Medical Science Devices America Forecast, By Application (Qty)
2.1.5 LEDs in Test/Measurement & Medical Science Devices EMEA Forecast, By Application ($, Million)
2.1.6 LEDs in Test/Measurement & Medical Science Devices EMEA Forecast, By Application (Quantity)
2.1.7 LEDs in Test/Measurement & Medical Science Devices APAC Forecast, By Application ($, Million)
2.1.8 LEDs in Test/Measurement & Medical Science Devices APAC Forecast, By Application (Quantity)
2.2.1 LEDs in Sensing/Detection and Analytical/Monitoring Global Forecast, By Application ($, Million)
2.2.2 LEDs in Sensing/Detection and Analytical/Monitoring Global Forecast, By Application (Quantity)
2.2.3 LEDs in Sensing/Detection and Analytical/Monitoring America Forecast, By Application ($, Million)
2.2.4 LEDs in Sensing/Detection and Analytical/Monitoring America Forecast, By Application (Quantity)
2.2.5 LEDs in Sensing/Detection and Analytical/Monitoring EMEA Forecast, By Application ($, Million)
2.2.6 LEDs in Sensing/Detection and Analytical/Monitoring EMEA Forecast, By Application (Quantity)
2.2.7 LEDs in Sensing/Detection and Analytical/Monitoring APAC Forecast, By Application ($, Million)
2.2.8 LEDs in Sensing/Detection and Analytical/Monitoring APAC Forecast, By Application (Quantity)
2.2.9 Strain Sensing Technology Attributes Summary
2.3.1 LEDs in PDT/Sanitation/Cell Regeneration/Curing Global Forecast, By Application ($, Million)
2.3.2 LEDs in PDT/Sanitation/Cell Regeneration/Curing Global Forecast, By Application (Quantity)
2.3.3 LEDs in PDT/Sanitation/Cell Regeneration/Curing America Forecast, By Application ($, Million)
2.3.4 LEDs in PDT/Sanitation/Cell Regeneration/Curing America Forecast, By Application (Quantity)
2.3.5 LEDs in PDT/Sanitation/Cell Regeneration/Curing EMEA Forecast, By Application ($, Million)
2.3.6 LEDs in PDT/Sanitation/Cell Regeneration/Curing EMEA Forecast, By Application (Quantity)
2.3.7 LEDs in PDT/Sanitation/Cell Regeneration/Curing APAC Forecast, By Application ($, Million)
2.3.8 LEDs in PDT/Sanitation/Cell Regeneration/Curing APAC Forecast, By Application (Quantity)
2.3.9 Therapeutic Visible Light Spectrum
2.4.1 LEDs in Instrumentation Light Source and Imaging Global Forecast, By Application ($, Million)
2.4.2 LEDs in Instrumentation Light Source and Imaging Global Forecast, By Application (Quantity)
2.4.3 LEDs in Instrumentation Light Source and Imaging America Forecast, By Application ($, Million)
2.4.4 LEDs in Instrumentation Light Source and Imaging America Forecast, By Application (Quantity)
2.4.5 LEDs in Instrumentation Light Source and Imaging EMEA Forecast, By Application ($, Million)
2.4.6 LEDs in Instrumentation Light Source and Imaging EMEA Forecast, By Application (Quantity)
2.4.7 LEDs in Instrumentation Light Source and Imaging APAC Forecast, By Application ($, Million)
2.4.8 LEDs in Instrumentation Light Source and Imaging APAC Forecast, By Application (Quantity)
List of Figures
1.1.1 LEDs in Test/Measurement & Medical Science Devices Global Forecast ($, Million)
1.1.2 LEDs in Test/Measurement & Medical Science Devices Global Forecast, By Application ($, Million)
1.1.3 LEDs in Test/Measurement & Medical Science Devices Global Forecast, By Region ($, Million)
1.1.4 LEDs in Test/Measurement & Medical Science Devices Global Forecast, By Color ($, Million)
1.1.5 LEDs in Test/Measurement & Medical Science Devices America Forecast, By Color ($, Million)
1.1.6 LEDs in Test/Measurement & Medical Science Devices EMEA Forecast, By Color ($, Million)
1.1.7 LEDs in Test/Measurement & Medical Science Devices APAC Forecast, By Color ($, Million)
1.1.8 Medicine Office Closures (USA) – Cutbacks from COVID-19
1.2.1 Diagram of a typical LED chip
1.2.2 Diagram of schematic structure of AlGaN-based UV LED Chip
1.2.3 LED Chip Cross-Sectional Structure
1.2.4 Chip on Glass Cross-Sectional Structure
1.2.5 Electrostatic discharge (ESD) - Integrated Protection Devices for LEDs
1.2.6 Electrostatic Discharge Example
1.2.7 Chip-on-Board LED Technology
1.2.8 Chip-Scale Package (CSP) LEDs
1.2.9 High Performance LED
1.2.10 Surface Mounted Device (SMD) LED
1.2.11 Chip-On-Board and Multi-Chip on Board (COB/MCOB) LED
1.2.12 Tunable Chip-On-Board LEDs with Highly Efficient Color Mixing
1.2.13 COB Packaged LEDs Provide Natural Light Spectrum
1.2.14 Highest Efficacy 90 CRI Chip-on-Board LEDs
1.3.1 LED Chromatic Chart
1.3.2 Evolution of Research Emphasis During Technology Life Cycle
2.1.1 LEDs in Medical/Science Devices Global Forecast ($, Million)
2.1.2 LEDs in Medical/ Science Devices Global Forecast (Quantity/Units)
2.2.1 Chemiluminescence Imaging Systems
2.2.2 LED-induced chemiluminescence platform
2.2.3 LED-induced chemiluminescence Imaging
2.2.4 Laser Diode Based Chemiluminescent System
2.2.5 In vitro diagnostic (IVD) testing Tool
2.2.6 LED-based Monitoring Sensor
2.2.7 Light-Emitting Diode Detection and Ranging Board Modules
2.2.8 UV-LED-based Indoor Air Quality
2.2.9 Fluorescence detection of trace hydrazine vapor
2.2.10 Fiber Optic Temperature Sensor
2.2.11 Pre-clinical Transducer with Fiber Coating
2.2.12 Sealed-Gauge Fiber Optic Pressure Sensors
2.2.13 Seven (7) wavelengths acquire blood constituent data
2.2.14 Seven (7) wavelengths acquire blood constituent data
2.2.15 Oximeters - Upgradable Technology Platforms
2.2.16 LED-based Non-invasive Sensing
2.2.17 FLIPPER - light-emitting diode excites fluorescence in the sample flow cell
2.2.18 Nano-sized "carbon dots" glow brightly when exposed to light
2.2.19 Led-Based Direct Visualization of Tissue Fluorescence
2.2.20 LED-Based Cell Phone Sensor for Detection of E. coli
2.3.1 Comparison Graph - Mercury Lamps versus UV LEDs for Medical Curing
2.3.2 DEEP UV (DUV) LED (Surface mount devices / SMDs)
2.3.3 Ultra Violet LED Array
2.3.4 Packaged UV-LED (4-chips)
2.3.5 UVA- LED Tube Lamp
2.3.6 UVC-LED Disinfection Module
2.3.7 70mW UV-C LED
2.3.8 UV LED Water Disinfection
2.3.9 UVC LED for effective disinfection solutions
2.3.10 Handheld LED Light Therapy Rejuvenation Device
– List of Figures – Continued
2.3.11 Consumer-Level LED Face Mask
2.3.12 Neonatal Photo therapy Treatment (Blue LEDs)
2.3.13 Light doses range in LED Photo therapy
2.3.14 Skin treatment therapies Utilizing LED Photo-modulation: Typical LED array (Red)
2.3.15 Blue LED Arrays
2.3.16 Circadian PAR30 Gimbal Spot
2.3.17 Circadian Phototransduction
2.3.18 Circadian Phototransduction (Typical - versus HCL - LEDs)
2.3.19 Eye Safety - Risk Classification
2.3.20 Blue LED Teeth Whitening Device
2.3.21 Apparatuses (two) Containing Arrays of LEDs to Treat Mucositis
2.3.22 Light Therapy for traumatic brain injury (TBI)
2.3.23 LED-Based Dentistry Curing Device
2.4.1 LEDs – Different Colors for Fluorescence Microscopy Applications
2.4.2 Fluorescence Microscopy – Lamphouse Anatomy with LEDs
2.4.3 LED Light Source for Fluorescence Microscopy
2.4.4 LED versus Tungsten used in Slit Lamps Retina Observation
2.4.5 Red, Green and Blue LED Light Sources – Biophotonics
2.4.6 LED-Based Fiber Optic Illuminator
2.4.7 Fiber Optic Light Module for medical illumination
2.4.8 LED-Based Fiber Optic Illuminator
2.4.9 Holographic Bioimaging – Concept Image
2.4.10 Example of Color Rendering in Medical Surgery
2.4.11 LED-Based Surgical Lighting
2.4.12 LED-Based Surgical Lighting
2.4.13 Reflector-Part of a LED-Based Surgical Light
2.4.14 Homogenous Beam of LED Light and Light Heads
2.4.15 LED- Surgery Lighting: Output rated at 100,000 LUX; 4,300° Kelvin pure white illumination
2.4.16 Medical Examination Lighting
2.4.17 LED-based Surgical Headlamp
3.1 Market Research & Forecasting Methodology
Companies/Organizations Credited or Mentioned in this report:
Chapter 1.1 and 1.2
HealthLandscape
American Academy of Family Physicians
Nitride Semiconductors Company Limited
Institute of Semiconductors, Chinese Academy of Sciences (China)
Nichia Corporation
Samsung / Samsung Electronics Co., Ltd
Murata
Tecco Group Ltd
ProPhotonix
Luminus Devices, Incorporated
Electronics Maker (Magazine)
Shine Technologies Ltd – Shine ®
LED News
Cree, Incorporated
Chapter 1.3
OKSolar.com
LEDtronics, Incorporated
Chapter 1.4
DARPA (Defense Advanced Research Projects Agency)
ANAB (ANSI National Accreditation Board)
International Aerospace Quality Group (IAQG)
Americas Aerospace Quality Group (AAQG)
Defense Contract Audit Agency - (DCAA)
DOD (Defense Department-United States)
Department of State (United States)
Department of Commerce (United States)
Treasury Department (United States)
Department of Justice (United States)
Department of Commerce (United States)
Department of Energy (United States)
Department of Homeland Security (United States)
Census Bureau (United States)
Chapter 2.2
Royal Society of Chemistry
Thermo Fisher Scientific
Azure Biosystems, Inc.
SCHOTT AG Lighting and Imaging
US National Library of Medicine National Institutes of Health
HercepTest™ (an Agilent Technologies Company)
Food and Drug Administration (FDA) – United States
American Society of Clinical Oncology (ASCO)
Joint Commission of Healthcare Organizations
CE label (Consumer electronics or Council of the European Union)
Skyla (LITE-ON Technology Corporation)
Polish Academy of Sciences, Institute of Low Temperatures and Structural Research
Companies/Organizations Credited or Mentioned in this report - Continued
Chapter 2.2 - Continued
Wroclaw University of Technology, Group of Chemical and Biochemical Processes
Queensland Micro- and Nanotechnology Centre & School of Engineering, Griffith University
Key Laboratory of Marine Chemistry Theory and Technology-Ocean University of China
CSIRO Materials Science and Engineering
Osram Opto Semiconductors
Sensors and Actuators B: Chemical
Laboratory for Gas Sensors, Department of Microsystems Engineering, University of Freiburg, Germany
Fraunhofer Institute for Physical Measurement Techniques (IPM), Freiburg, Germany
LeddarTech Inc. (Leddar™)
Integrated Device Technology, Inc. (IDT)
University of Central Florida
Fuels, Engines and Emissions Research Center, Oak Ridge National Laboratory
Faculty of Electrical Engineering, University of Montenegro
School of Engineering and Built Environment, Glasgow Caledonian University
Hikari Tec/Miura-ori Lab.
Ritsumeikan University, Faculty of Engineering Science
Ritsumeikan University, Global Innovation Research Organization
Tokyo Metropolitan Industrial Technology Research Institute
HexaTech
One Hour Heating & Air Conditioning
Dublin City University (DCU)
Edgewood Chemical and Biological Center (ECBC)
U.S. Army Research Laboratory (ARL)
DARPA (Defense Advanced Research Projects Agency)
Centre for Optical and Electromagnetic Research - JORCEP China
Philips (China) Investment Co., Ltd.
National Instruments Corporation
Goddard Space Flight Center (NASA)
FISO Technologies Inc.
Optrand Incorporated
Ocean Optics, Incorporated
Bio-optics and Fiber Optics Laboratory, Institute of Atomic Physics and Spectroscopy, University of Latvia
NASA - Johnson Space Center
Atom
Datascope
GE Medical
Medtronic
Philips
Spacelabs
ZollSyngene (A Division of Synoptics Ltd)
Masimo Corporation
Department of Analytical Chemistry Faculty of Sciences, Campus Fuentenuev, University of Granada
CLARITY: Centre for Sensor Web Technologies
National Centre for Sensor Research, Dublin
Department of Chemistry, Biotechnology, and Chemical Engineering - Kagoshima University
China Agricultural University
Department of Electro-Optical Engineering, National Taipei University of Technology
Department of Chemistry, University of Warsaw
Department of Chemistry, University of the Balearic Islands
University of Chicago
Institute of Microelectronics - Singapore
