Industry Analysis & Industry Trends
Seeing the light
The LED Manufacturing industry's performance has remained strong, with businesses purchasing more LEDs in order to save on rising energy expenses and invest in products that typically last longer than traditional lighting goods. Revenue growth will continue as firms concentrate on creating LEDs that can be used as substitutes for traditional lighting while keeping final prices down. Still, growing competition from LEDs that are produced abroad will hamper revenue growth prospects and place pressure on profit margins.... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld analysis reveals that market share concentration in the US LED Manufacturing industry is high. Two firms, North Carolina-based Cree and California-based Philips Lumileds, control an estimated 95.3% of the industry. While Lumileds is a subsidiary of the Dutch conglomerate Philips and gained economies of scale through the leveraging of its parent company's existing operations, Cree has worked itself from the ground up to become the premier US LED manufacturer.
In February 2008, Cree acquired LED Lighting Fixtures Inc. (now Cree LED Lighting Solutions), which included an R&D center, a commercial LED portfolio, sales channels and manufacturing subcontractor relationships... purchase to read more