June 24, 2013…More than 100 billion Gallium Nitride GaN LED units are expected to ship in 2013, according to IMS Research, now part of IHS Inc. IHS says that revenue from GaN LEDs will reach over $10 billion this year. The company predicts that the total revenue for GaN LEDs in lighting is will reach $3.4 billion this year and climb to $6.7 billion by 2016.
IHS notes that GaN LEDs, which dominate key applications such as TVs and lighting, account for 85 percent of total revenues in the LED industry. The GaN LED market is part of the total global LED market, including AlInGaP and other LEDs, the company said.
“If we consider the total LED market—including AlInGaP, GaN and other LED types—the $10 billion revenue and the 100 billion unit shipment levels were actually reached in 2010. But now in 2013, both of these thresholds are predicted to be attained by the GaN LED market alone, showing how large the segment has become.”
Revenue for GaN LEDs, according to IHS, is expected to double in 2013 compared to only four years ago. Also, IHS predicts that unit shipments this year will have more than tripled since 2009.
The growth has been uneven, with record growth in 2010, then flat revenue in 2011, and 15 percent growth in 2012. IHS predicts that 2013 revenue will remain flat. Strong growth is predicted in 2014 via general lighting along with other applications, but IHS says revenues will flatten again in 2015.