The Market for LED Lighting
According to Strategies Unlimited, the dollar value of the LED component market will rise from $377 million in 2007 to $1.646 billion in 2012. OptoElectronix estimates that the light engine market, which includes the LEDs, thermal network, power driver circuitry, and optics -- all incorporated into one module -- is approximately 3.4 times that, or $5.516 billion in 2012.
OptoElectronix is the leader in "The Art of LEDs" -- the conception, design, and manufacture of cutting-edge, standard, highly efficient LED-based light engines. LEDs will ultimately obsolete incandescent, halogen, and florescent lamps for most residential and commercial applications. To this end, OptoElectronix brings together many decades of unique expertise and experience in LED systems, an intimate knowledge of the lighting industry, and a thorough understanding of the manufacturing disciplines and requirements of both. OptoElectronix is currently focused on introducing a series of LED-based platforms that can be implemented into virtually any lighting application. The company is well on its way to building critical mass in the market that will enable LED lighting to achieve its promised efficiencies in the next decade. Headquartered in San Jose, California, the company has LED manufacturing operations in Penang, Malaysia with design centers in San Jose and Penang.
OptoElectronix, Universal Light Engine, LightStix, and LightBlox are trademarks of OptoElectronix, Inc. Other trade names may be trademarks of their respective owners.
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