The growing consumer preference for solid-state lighting over conventional lighting is the primary driver for the Southeast Asian optoelectronics market. Its long-term benefits of energy efficiency, long life, and small size overrule its high initial costs, giving it an edge over its conventional counterparts.
New analysis from Frost & Sullivan (electronics.frost.com), Southeast Asian Optoelectronics Market, finds that the market earned revenues of $179.7 million in 2007, which was an increase of 16.8 percent over the previous year.
The price-per-lumen of solid-state lighting is relatively higher than that of conventional lighting. Nevertheless, the Southeast Asian optoelectronics market is growing, particularly the high-brightness light-emitting diodes (LEDs) segment.
"Moreover, the price-per-lumen is expected to fall in the longer term and improvement in technology is expected to further boost the growth of solid-state lighting," infers Frost & Sullivan Research Analyst CP Liew.
On the downside, the optoelectronics manufacturers and distributors are finding it challenging to get government support to create awareness about the long-term benefits of solid-state lighting devices.
"The governments of Southeast Asian countries must play a more proactive role in promoting the benefits of solid-state lighting and encourage the use of optoelectronics products, in view of the depleting crude oil reserves," concludes Liew. "Governments' support of the use of optoelectronics products in infrastructure planning and development could greatly benefit the market."
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Southeast Asian optoelectronics market, then send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
Southeast Asian Optoelectronics Market is part of the Electronic Devices Growth Partnership Service program, which also includes research in the following markets: strategic assessment of the Asia Pacific flat panel display (FPD) markets, world flexible printed circuit board markets, and opportunity analysis in the world liquid crystal display (LCD) television markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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Southeast Asian Optoelectronics Market - P118
Carrie Low, Corporate Communications – Southeast Asia
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