LEDs Used in Test/Measurement, Medical & Other Science Devices 2016 - 2026
Published By : ElectroniCast Consultants Published Date : 2017-04-17 Category : Electronics Sub Category : Lighting and LED No. of Pages : 274

LEDs in Test/Measurement, Medical/Science Market Forecast

According to ElectroniCast, the value of LEDs in Test/Measurement & Medical and other Science devices reached $345 million in 2016

Last year, the global consumption value of packaged LED chips in the selected devices reached $345 million.  The value will continue to increase in most product categories, with strong quantity growth as well, partially offset by a decline of average prices (especially during the 2016-2021 timeframe).   Market forecast data refers to LED consumption for a particular calendar year; therefore, this data is not cumulative data.

According to the study, the worldwide value of UV-LED packaged chips used specifically for test/measurement, medical and other science applications is forecast to reach nearly $330 million in 2026.  “Many devices, which have traditionally used mercury (Hg)-vapor Ultraviolet (UV) lamps are now utilizing LEDs, capable of producing UV radiation,” said Stephen Montgomery, president of the California-based consultancy.

This year (2017), the America region is projected to hold a 36% share of worldwide quantity of LEDs in selected test/measurement and medical/science devices. The Europe, Middle East and Africa (EMEA) region is forecast for aggressive growth.  “The Asia Pacific region (APAC) is forecast to eventually take-over the lead in relative market share,” Montgomery added.

This report by ElectroniCast Consultants provides the research findings of our study of the worldwide consumption of packaged Light Emitting Diodes (LEDs) in Test/ Measurement, Medical and other Science Devices.  This report provides global market data covering the years 2016-2026 (one year history, plus a 10-year forecast).  

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.

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 the beginning of April 2017.  During this period, ElectroniCast analysts performed interviews with authoritative and 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 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 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 = 2016), 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

About ElectroniCast 

ElectroniCast, founded in 1981, specializes in forecasting technology and global market trends in fiber optics communication components and devices, as well providing market data on light emitting diodes used in lighting.

As an independent consultancy we offer multi-client and custom market research studies to the world's leading companies based on comprehensive, in- depth analysis of quantitative and qualitative factors. This includes technology forecasting, markets and applications forecasting, strategic planning, competitive analysis, customer-satisfaction surveys and marketing/sales consultation. ElectroniCast, founded as a technology-based independent consulting firm, meets the information needs of the investment community, industry planners and related suppliers.

1. Executive Summary

1.1 Overview

1.2 Bare (Unpackaged) LED Chips - Overview

2. LEDs - Technology Overview

3. LEDs Used in Test/Measurement & Medical Science Devices Market Forecast 

3.1 Overview

3.2 Sensing/Detection and Analytical/Monitoring

3.3 Photo-therapy/Sanitation/Cell Regeneration/Curing  

3.4 Instrumentation Light Source and Imaging

4. ElectroniCast Market Research Methodology

5. Market Forecast Data Base - Introduction

5.1 Overview

5.2 Tutorial

Addendum 

  • Excel Data Base Spreadsheets (Global Market Forecast); Detailed Data: ASP ($, each); Quantity (Million); Value ($, Million) for all Regions 
  • Power Point Market Data Figures (Global Market Forecast)