The forecast growth rate for LED lamp shipments from 2009 to 2015 is 97 per cent, but the growth rate from 2015 to 2020 will be 13 per cent, says the report. The tipping point will come in 2018, after which the market will contract.
By 2013, LEDs will represent 40 per cent of the lamp market. By 2015, they are expected to produce more than 180 lumens per watt and will start to displace fluorescent sources.
IMS notes that companies such as Samsung, Toshiba and LG have been pushing into the global LED lamp market and it predicts the Big Three lamp makers will become the Big Five.