WRT (With Respect To) Technology

In a recent webinar, the Optoelectronics Industry Development Association (OIDA) have forecast that Solid State Lighting will exceed 15% of all lighting revenues in 5 years and exceed 25% by 2015. During this same period, fluorescent lighting will tend to saturate at about 40% of all lighting revenues, while incandescent lighting will decline to about 30% share in 2015 as shown below.

Solid State Lighting includes High Brightness Light Emitting Diode (HBLED) light sources used today primarily in flashlights, holiday lights, mobile phone keypad illumination and camera flash, in liquid crystal display backlights, and in automotive taillight and soon headlight applications. A newer form of Solid State Lighting, the Organic Light Emitting Diode (OLED) is forecast to begin replacing fluorescent lighting in some applications later in the forecast period. The advantages of Solid State Lighting are lower power consumption, and longer lifetime.

The key factors driving more widespread deployment of Solid State Lighting are energy costs, the cost of the new LED technologies, and technical progress on improving LED performance still further. We forecast continuing improvement in both HBLED and OLED performance and cost combined with ongoing increases in the cost of energy. The collision of higher energy cost with improved LED performance and cost should result in a perfect storm of investment in and acceptance of a new lighting technology.