BUSINESS & TECHNOLOGY INNOVATION REPORT

Week 42

2014

Prepared by

Ferhat Ünlükal

10/19/2014

BUSINESS & TECHNOLOGY INNOVATION REPORTWeek 42

Headlines

Consumer Electronics (CE)

TV vendors are putting in increased orders for 43-, 48- and 49-inch Ultra HD TV panels.

ICT

Samsung said it has developed a Wi-Fi technology.

Samsung Electronics said it has tested blazing-fast data speeds for a next-generation network.

Cisco and Sensity Systems announced that the two companies have entered into a strategic relationship.

Cisco outlined an expansion of its fog computing strategy.

Volkswagen and navigation company TomTom have joined forces to develop driverless car technology.

Ingrasys Technology has acquired a 40% stake in Taiwan-based cloud computing-based storage and computing solution.

The worldwide market for sensors in wearables will expand to 466 million units in 2019.

The global market for smart wearables is forecast to reach 275 million units.

The IoT market has the potential to grow from an installed base of

0.9 billion in 2009 to 26 billion by 2020.

Third-quarter 2014 global notebook shipments are estimated at 45.198 million units.

Globally STB Market is up 4% in 2Q14 from 1Q14, to $4.8 billion.

The global digital signage market is expected to reach $14,875.6 Million by 2020 at an estimated CAGR of 8.94% from 2014 to 2020. 

Global smart factory market / factory automation industry is expected to generate revenues of $246.03 billion by 2018.

The global smart city technology market is forecast to be worth more than $27.5 billion annually by 2023.

The global optical transceiver market at $3.2 billion in 2013 is anticipated to grow to $9.9 billion by 2020.

Big data is going to get a big boost from the European Union, which will match an industry consortium's €2 billion investment with €500 million of public money over the next five years.

Flat Panel Industry

US Flexible market was valued at $294.2 million in 2013, and is expected to reach $1329.6 million by 2018, at a CAGR of 35.2% from 2013 to 2018.

TV panel makers expect healthy shipments to China throughout the first quarter of 2015.

Asia-Pasific HW Encrytion Display market was valued $5,154.0 million in 2013, and is expected to reach $51,362.6 million by 2018, at a CAGR of 58.4% from 2013 to 2018.

More than 20 million on-cell TFT LCD touch panels shipped globally in the first half of 2014.

US LCoS Display market was valued $162.8 million in 2013, and is expected to reach $545.8

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million by 2018, at a CAGR of 27.4% from 2013 to 2018.

Semiconductor Industry

Samsung Electronics plans to spend $14.7 billion (9.17 billion pound) on a new chip facility.

Sigma Designs® announced that THE leading European powerline communications provider devolo AG has launched the Z-Wave® technology for its entirely new devolo Home Control product line devolo.

Taiwan Semiconductor Manufacturing Co. (TSMC) will increase its capital expenditures to more than $10 billion next year.

IoT and M2M market to grow from $128.7 billion in 2014 to $498.92 billion in 2019, at an estimated CAGR of 24.42% from 2014 to 2019. 

The global organic electronics (OE) market would reach $79.6 billion by 2020.

Apple and Samsung will drive the value of the fingerprint sensor market fourfold to over $1.7 billion by 2020.

The display driver IC market is expected to reach US$7.3 billion in 2018, up from US$6.4 billion in 2012.

The Global Automotive Sensors market to grow at a CAGR of 7.89 percent over the period 2012-2016

Software Industry

Google has launched its next-generation Nexus 6 smartphone.

Service Industry

Turkcell announced that it is taking its television platform Turkcell TV+ to the next level and introduced the future of TV in Turkey.

Retail and Payment Industry

Apple's new NFC-based payments service will arrive with the company's first major update to its most recent operating system, iOS 8.1.

Intel will market the chip technology to makers of point-of-sale (POS) systems, PCs and mobile payment terminals.

Total Merchant Services recently announced it will offer Ingenico Group’s terminals.

Epson announced tPOS on Cloud, a provider of cloud-based POS software-as-a-service (SaaS).

Powa Technologies announces the completion of its integration with Datacap Systems’ IPTran LT Mobile and PaymentsDrawer product line for mobile POS.

The global NFC market was valued at USD 1.06 Billion in 2012 and is expected to grow at a CAGR of 43.7%.

Energy Industry

Toyota Motor Corporation announces that cumulative global sales of its hybrid vehicles has exceeded the 7 million unit.

SSL technology deployment, yielding an estimated energy savings of $1.8 billion in 2013.

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Consumer Electronics (CE)

CE Market

Ultra HD Panel Market

TV vendors are putting in increased orders for 43-, 48- and 49-inch Ultra HD TV panels in order to compete against 50-inch units.

Supply chain sources said that Japan- and Korea-based vendors are mostly interested in the sizes in order to extend their influence in the Ultra HD TV market, which is estimated between 15-20 million units in 2014.

Larger-size units above 50-inch are still making gains in the market but there is still strong demand in the 40-inch segment, the sources said.

Digitimes Research added that in September 2014, Japan was the only market where average retail pricing for Ultra HD TVs increased, with 40- and 50-inch units climbing 6.8% and 17.3% respectively.

ICT Industry

Samsung

Faster Wi-Fi Technology

Samsung Electronics Co. (005930) said it has developed a Wi-Fi technology that can increase data transmission speeds by five times the maximum rate possible with existing consumer electronics devices.

Samsung’s stock performance

5G Technology

Samsung Electronics said it has tested blazing-fast data speeds for a next-generation network, clocking transmissions that are 30 times faster than 4G LTE.

The Korean electronics giant said tests reached 7.5Gbps in a

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stationary setting, calling it an industry best.

Cisco

Cooperation with Sensity Systems

Cisco and Sensity Systems, the pioneer of Light Sensory Networks (LSN), announced that the two companies have entered into a strategic relationship that utilizes Sensity’s NetSense platform as a foundation for Cisco’s City Infrastructure Management (CIM) software. As part of the agreement, Cisco joins Sensity’s NetSense Partner Program to create a joint solution that converts city lighting infrastructure into a distributed sensing platform for Smart City applications, such as smart parking, lighting, retail analytics, and public safety and security.

Cisco’s stock performance

Iox Platform

Cisco (NASDAQ: CSCO) outlined an expansion of its fog computing strategy with the second phase of its IOx platform for industrial scale IoT deployments. Cisco outlined increasing industry ecosystem partner momentum and new hardened IoT platform support, and introduced its IOx Application Management Module. As a key part of the Cisco® fog computing strategy, IOx enables third party operating systems such as Linux

and industry software applications to run directly on Cisco hardened IoT network platforms, which is critical for IoT solutions where applications, storage and compute needs to reside closer to "Things" such as sensors and devices. 

Cisco provides a unique value for customers to fully exploit the opportunities created by IoT through its ability to offer networking, compute and storage from cloud to fog. Internet of Things deployments involve unique requirements such as combining distributed sensors and data, optimizing the analysis of data in motion as it enters the network, and centralized control, which requires a new infrastructure approach with strong centralized data center and robust Edge. Cisco's strategy to invest in hybrid Data Center solutions, including the Intercloud as well as in the fog, creates an optimized infrastructure for IoT.

TomTom

Cooperation with Volkswagen

Volkswagen and navigation company TomTom have joined forces to develop driverless car technology. Car-maker Volkswagen is using TomTom's expertise in mapping combined with its research into highly autonomous driving (HAD) technology.

The partnership, announced this week, is part of Volkswagen's strategy for when driverless cars begin to enter the consumer market.

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TomTom’s stock performance

Foxconn

Acquisition of Hope Bay Technologies

Ingrasys Technology, a subsidiary of Foxconn Electronics (Hon Hai Precision Industry), has acquired a 40% stake in Taiwan-based cloud computing-based storage and computing solution provider Hope Bay Technologies.

Hope Bay said it was originally a cloud computing technology center under power supply maker and energy management solution provider Delta Electronics, which spun it off in May 2013.

Through Ingrasys' stake investment, Hope Bay hopes to tap the markets in Singapore, Japan, South Korea and others via Foxconn's channels, the company indicated.

Ingrasys, which produces video-recording surveillance equipment, said Hope Bay's cloud computing storage solutions can enhance application of its surveillance systems and reduce their costs.

Foxconn’s stock performance

ICT Market

Wearable Electronics Market

Driven by rising demand for fitness and health monitoring features as well as by improved user interfaces, shipments of sensors used in wearable electronic devices will rise by a factor of seven from 2013 through 2019, according to research firm IHS. 

The worldwide market for sensors in wearables will expand to 466 million units in 2019, up from 67 million in 2013. 

Shipments of sensors will climb much more quickly than the market for the wearable devices themselves. Wearable devices will increase to 135 million units in 2019, less than three times the total of 50 million in 2013. 

“Wearables are a hotbed for sensors, with market growth driven by the increasing number of these components in each product sold,” said Jérémie Bouchaud, director and senior principal analyst for MEMS and Sensors at IHS Technology. 

“The main factor propelling this phenomenon is a transition in market share away from simple products like pedometers and toward more sophisticated multipurpose devices such as smartwatches and smartglasses. Instead of using a single sensor

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like the simpler devices, the more complex products employ numerous components for health and activity monitoring, as well as for their more advanced user interfaces.” 

The average wearable device shipped in 2019 will incorporate 4.1 sensor elements, up from 1.4 in 2013.

Smart Wearable Market

According to the recently published report by TechSci Research, Global Smart Wearable Market Forecast & Opportunities, 2019, the global market for smart wearables is forecast to reach 275 million units, in volume terms, by 2019. The smartwatch and smartband segments are largely benefitting from increasing demand for smartphones and smartphone accessories, including smartwatches, worldwide.

IoT Market

According to Gartner, the IoT market has the potential to grow from an installed base of 0.9 billion in 2009 to 26 billion by 2020, an increase of 30 times. This growth is expected to result in $1.9 trillion in global economic value addition through sales into diverse end markets.

Global Notebook Shipments

Third-quarter 2014 global notebook shipments are estimated at 45.198 million units (not including 2-in-1 models), increasing 6.4% sequentially and 2.6% on year, according to Digitimes Research.

HP accounted for 21% of the global shipments, followed by Lenovo (20.9%), Dell (12.5%), Acer (9.7%), Apple (8.5%), Asustek

Computer (8.3%) and Toshiba (6.2%), Digitimes Research indicated.

Taiwan-based ODMs shipped 36.958 notebooks in the quarter, accounting for 81.77% of global shipments with their shipments growing 6.1% sequentially but slipping 2.9% on year.

Quanta Computer was the largest ODM accounting for 34.6% of the shipments, Compal Electronics 32.2%, Wistron 15.7%, Inventec 6.7% and Pegatron 5.7%.

Of the ODM shipments, 8.2% were sub-12-inch models, 2.9% 12-inch ones, 13% 13-inch ones, 22.7% 14-inch ones, 47.2% 15-inch ones, 6.1% 16-inch and above ones.

 Digital STB Market

Globally, set-top box (STB) revenue -- including IP, cable, satellite, and DTT STBs and OTT media servers -- is up 4% in 2Q14 from 1Q14, to $4.8 billion

STB unit shipments grew 7% sequentially in 2Q14, but are down 3% from the year-ago 2ndquarter (2Q13)

The worldwide STB market is forecast by Infonetics to grow at a -0.05% compound annual growth rate (CAGR) from 2013 to 2018, when it will total $19.2 billion

  

Digital Signage Market

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The Digital Signage Market by Hardware, Software (Edge Server, Distribution & Scheduling, Content Management), Application (Commercial, Infrastructure, Institutions, Industrial), Products (Indoor & Outdoor) & by Geography - Forecast to 2014 - 2020 research report is conducted noting the paradigm shift in the demand for digital signage products and its applications for many of the sectors such as retail, education, government, corporate, sports, and transport in the regions of North America, Europe, APAC, and ROW. The global digital signage market is expected to reach $14,875.6 Million by 2020 at an estimated CAGR of 8.94% from 2014 to 2020. 

Smart Home Market

Research firm IHS Technology is now reporting the smart home market will grow by 56 percent, compounded annually, in the next three years, with 190 million products shipping by 2018. IHS Technology projects that Bluetooth Smart will be the fastest growing connectivity technology in the segment over that period.

Smart Factory Market

Global smart factory market / factory automation industry is expected to generate revenues of $246.03 billion by 2018, growing at an estimated CAGR of 8.08% from 2013-2018. 

Smart City Market

According to a recent report from Navigant Research, cumulative global investment in smart city technologies is expected to total $174.4 billion from 2014 to 2023.

The global smart city technology market is forecast to be worth

more than $27.5 billion annually by 2023, compared to $8.8 billion in 2014, according to the report. Much of this growth is expected to come in Asia Pacific, which is projected to become the largest market for smart city technologies by 2015 and to grow to $11.3 billion annually by 2023.

Global Optical Transceiver Market

The global optical transceiver market at $3.2 billion in 2013 is anticipated to grow to $9.9 billion by 2020 driven by the availability and cost effectiveness of 40 Gbps, 100 Gbps, and 400 Gbps devices.

Big Data Market in Europe

Big data is going to get a big boost from the European Union, which will match an industry consortium's €2 billion investment with €500 million of public money over the next five years.

Companies including Atos, IBM, Nokia Solutions and Networks, Orange, SAP, and Siemens, along with several research bodies, will invest in the public-private partnership (PPP) from January 2015.

Flat Panel Industry

Flat Panel Market

Flexible Display Market

The North American flexible display market report defines and segments the concerned market in

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North America with analysis and forecast of revenue. This market was valued at $294.2 million in 2013, and is expected to reach $1329.6 million by 2018, at a CAGR of 35.2% from 2013 to 2018.

TV panel shipments

TV panel makers expect healthy shipments to China throughout the first quarter of 2015 as vendors prepare for the upcoming shopping holidays.

The upcoming shopping season in China will start from Guanggun Jie (Singles Day) on November 11, and peak at Lunar New Year.

During the period, pricing for various electronics drops and retails along with various vendors hold special online promotions, which will include price drops for some Ultra HD TVs.

Ultra HD TVs reached 20% penetration in the 50-inch and above size TV category in China during the first half of 2014 and panel makers estimate that 55- and 65-inch units are increasingly becoming the two mainstream sizes for large-size units in China.

Following the November holiday makers estimate TV panel shipments to China will remain healthy until the 2015 Lunar New Year that falls in February.

Additionallly, makers also expect China TV vendors' shipments to markets abroad will remain steady as the vendors continue to tackle both emerging and mature markets with various Full HD and Ultra HD TVs.

China TV vendors are continuing to move in the direction of high value-added products equipped with higher-end technology, the makers added.

Hardware Encryption Display Market

The Asia-Pacific hardware encryption display market report defines and segments the concerned market in Asia-Pacific with analysis and forecast of revenue. This market was valued $5,154.0 million in 2013, and is expected to reach $51,362.6 million by 2018, at a CAGR of 58.4% from 2013 to 2018.

On-Cell TFT LCD Touch Panel Market

More than 20 million on-cell TFT LCD touch panels shipped globally in the first half of 2014, after only 4.7 million were shipped in all of 2013, as the technology has been adopted in the expanding entry-level and mid-range smartphone market. By 2018, shipments of on-cell TFT LCD panels are expected to reach 129 million, according to DisplaySearch.

Embedded touch panels of all types, including in-cell and on-cell TFT LCDs, as well as on-cell AMOLED panels, accounted for 20% of all mobile handset displays in 2012, 29% in 2013, and an expected 32% in 2014. "Overall the total embedded touch panel display market is expected to grow. However, individual manufacturer shipment shares still depend on Apple and Samsung Electronics, since they are the biggest customers for in-cell TFT LCDs and on-cell AMOLED panels," said Calvin Hsieh, research director at DisplaySearch.

LCoS Display Market

The North American Liquid Crystal on Silicon (LCoS) display market report defines and segments the concerned market in North America with analysis and forecast of revenue. This market was valued $162.8 million in 2013, and is expected to reach $545.8 million by 2018, at a CAGR of 27.4% from 2013 to 2018.

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Semiconductor Industry

Samsung

New Chip Facility Investment

South Korean IT giant Samsung Electronics plans to spend $14.7 billion (9.17 billion pound) on a new chip facility - its biggest investment in a single plant - leaning on its semiconductor business to bolster profits as its smartphone dominance wanes.

Samsung, the world's top memory chip maker, said the plant would be located in Pyeongtaek, roughly 75 kilometres (47 miles) south of Seoul. The company said it would create 150,000 jobs, equal to about a third of the city's population.

Sigma Designs

Cooperation with Devolo for Z-Wave

Sigma Designs®(NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Smart TV, Smart home and IP-based set-top-boxes, announced that THE leading European powerline communications provider devolo AG has launched the Z-Wave® technology for its entirely new devolo Home Control product line devolo. The devolo solution, powered by Sigma Designs' latest Z-Wave 500 series wireless communications technology, makes home automation simple with a modular system and plug-and-play components to maximize safety, security, comfort and convenience. Available beginning in November 2014 at retail stores, this new solution enables consumers to easily install and operate their own home control systems.

Sigma Designs’s stock performance

TSMC

Increasing Capital Expenditures

Taiwan Semiconductor Manufacturing Co. (TSMC) will increase its capital expenditures to more than $10 billion next year, coinciding with the chip foundry's plan to accelerate its ramp-up to commercially produce 16nmFinFET chips.

TSMC’s stock performance

Semiconductor Market

IoT and M2M Market

The Internet of Things (IoT) & Machine-To-Machine (M2M) Communication Market by Technologies & Platforms (RFID, Sensor Nodes, Gateways, Cloud Management, NFC, CEP, SCADA, ZigBee), M2M Connections, IoT Components - Worldwide Market Forecasts (2014 - 2019) is a research report published in March

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2014. It forecasts the industry to grow from $128.7 billion in 2014 to $498.92 billion in 2019, at an estimated CAGR of 24.42% from 2014 to 2019. 

Organic Electronics Market

According to a new report by Allied Market Research titled, "Global Organic Electronics Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020", the global organic electronics (OE) market would reach $79.6 billion by 2020, registering a CAGR of 29.5% during 2014 - 2020. Organic displays are the largest revenue source for the organic electronics market, accounting to nearly 2/3rd of the market. OLED displays, which find application in laptops, tablets and TV sets, hold lion's share in the global organic electronics displays market. Asia Pacific generates about 63.5% of the revenue for the global market due to the fact that Asia Pacific is home for almost 3/4th of the global electronics manufacturing industry, which is the primary application area for organic electronics.

Fingerprint Sensor Market

Apple and Samsung will drive the value of the fingerprint sensor market fourfold to over $1.7 billion by 2020 according to research firm IHS.

“Fingerprint sensors have arrived in force and we are forecasting

that shipments of fingerprint enabled handsets and tablets will reach 1.4 billion units by 2020,” Marwan Boustany, senior analyst at IHS Technology for MEMS and sensors, said.

Display Driver IC market

According to DisplaySearch, the display driver IC market is expected to reach US$7.3 billion in 2018, up from US$6.4 billion in 2012. This growth stems from driver ICs with higher resolutions and higher average selling prices, as well as integrated functions. Continual increases in LCD panel shipments for TVs and OLED panels for smartphones are also driving demand.

Automotive Sensors Market

TechNavio's analysts forecast the Global Automotive Sensors market to grow at a CAGR of 7.89 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for automotive safety systems. The Global Automotive Sensors market has also been witnessing the increasing demand for smart sensors. However, functional and operational issues could pose a challenge to the growth of this market.

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Software Industry

Google

Nexus 6

Google has launched its next-generation Nexus 6 smartphone with Motorola Mobility and its new tablet, the Nexus 9, in cooperation with HTC. The search engine giant has also teamed with Asustek Computer to roll out its new STB, the Nexus Player, according to a company press release.

Google’s stock performance

Service Industry

Turkcell

Turkcell TV+

Turkey’s leading telecommunications and technology company Turkcell (TKC) (BIST:TCELL) announced that it is taking its television platform Turkcell TV+ to the next level and introduced the future of TV in Turkey. Turkcell TV+, which was previously offered only on mobile devices and computers, will now be available on television sets. 

Subscribers can now enjoy seamless multi-screen TV experience, alternating between four screens – smartphone, tablet, computer and TV – as they wish. The new platform is launched with superior features including time-shift option which allows user to rewind programs up to 12 hours, cloud recording, simultaneous recording of multiple channels, customizable content and social media access.

Turkcell’s stock performance

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Retail and Payment Industry

Apple

Mobile Payment

Apple's new NFC-based payments service will arrive with the company's first major update to its most recent operating system, iOS 8.1, next Tuesday.

In an event held on Oct 16, Apple (AAPL) announced that the much-anticipated mobile payment system Apple Pay will become operational from Oct 20. The company also unveiled a new thinner iPad Air 2.

Apple Pay will debut as part of iOS 8.1 software update. The new mobile payment system will allow iPhone 6 and 6 plus users to pay bills through Apple’s Touch ID application at any wireless pay terminal.

Applel’s stock performance

Intel

Payment and POS systems

Swiping credit cards or using payment systems like Apple Pay at stores could become much safer thanks to a new Intel system, which could also make it easier for retailers to secure data after transactions are completed.

With security breaches and customer data theft on the rise, Intel has developed Data Protection Technology for Transactions, a hardware-software bundle designed to protect credit card and personal data from hackers when transactions are being authorized.

Intel will market the chip technology to makers of point-of-sale (POS) systems, PCs and mobile payment terminals. NCR, the world's largest maker of payment terminals, has plans to put Data Protection Technology for Transactions on its products.

Intel's hardware and software security platform is adaptable to multiple payment systems. It will be supported on the latest Atom and Core processors.

Intel’s stock performance

Ingenico

Cooperation with Total Merchant Services

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In keeping with its focus on providing cutting edge payment solutions for small- to mid-sized businesses, Total Merchant Services recently announced it will offer Ingenico Group’s terminals for its free terminal placement program. With this transition to Ingenico, the global leader in seamless payment, Total clients will be able to accept contactless payment with the same NFC technology used by Apple Pay, Google Wallet and Softcard. Additionally, the Ingenico terminals are EMV capable – delivering the latest in fraud prevention technology.

Ingenico’s stock performance

Epson

Cloud based POS

Epson America, Inc., a leading supplier of value-added Point of Sale (POS) solutions, announced that POS on Cloud, a provider of cloud-based POS software-as-a-service (SaaS), has certified one OmniLink-i smart printer and two other Epson printers for its retail and hospitality clients. The company chose Epson’s OmniLink™ TM-T88V-i smart printer for its built-in web server, print server and device management capabilities and added the TM-T20II USB tablet POS receipt printer and the TM-

U220B tablet POS Ethernet kitchen printer for additional functionality.

Powa

Cooperation with DataCap

Powa Technologies announces the completion of its integration with Datacap Systems’ IPTran LT Mobile and PaymentsDrawer product line for mobile POS. This partnership provides the growing marketplace of ISVs working in the payments industry with instant access to virtually all payment processors in North America via one simple, out-of-scope interface with the PowaPOS T-series POS solution.

Retail and Payment Market

NFC Market

The global NFC market was valued at USD 1.06 Billion in 2012 and is expected to grow at a CAGR of 43.7% during the forecast period. 

Around 7 million NFC readers were shipped in 2012 and the shipments are expected to experience continued growth over the coming years. More number of readers would be needed as the demand for NFC-enabled devices and applications grow and this is expected to drive the growth of NFC readers market over the coming years. 

In 2012, North America was the largest market for NFC in terms of revenue. The region has experienced significant adoption of contactless payments. This is attributed to high market penetration of smartphones in the region and pre-existence of significant infrastructure to enable contactless payments. Asia Pacific is expected to be the fastest growing region owing to high adoption rates for NFC in countries such as China, Japan, South Korea

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and Australia. In 2012, NXP Semiconductors N.V. was the market leader for NFC controller ICs and NFC secure elements in terms of revenue. 

The global NFC market is fragmented with numerous leading players including Broadcom, Inc., DeviceFidelity, Inc., Gemalto N.V., Visa, Inc., Toshiba Corporation, STMicroelectronics N.V., Samsung Electronics Co. Ltd., NXP Semiconductors, Identive Group, Inc., On Track Innovations (OTI) Ltd. and Infineon Technologies among others.

Energy Industry

Toyota

Hybrid Vechicles

Toyota Motor Corporation announces that cumulative global sales of its hybrid vehicles has exceeded the 7 million unit mark as of September 30 reaching 7.053 million units(1). This latest million-unit milestone was achieved in the fastest time yet for Toyota, taking just nine months.

Toyota’s stock performance

Energy Market

Solid State Lighting

As part of the Obama Administration's effort to cut energy waste and double energy productivity by 2030, the US Energy Department today announced $10 million to support research, development and manufacturing of solid-state lighting (SSL) technologies across the country. 

This funding will accelerate the development of high-quality LED and organic light-emitting diode (OLED) products with the potential to reduce lighting energy use for American families and businesses by one half and enhance US global competitiveness. 

During the past ten years, the Department has helped accelerate SSL technology deployment, yielding an estimated energy savings of $1.8 billion in 2013. Solid-state lighting technologies, which include both LED and organic light emitting diode technologies, have the potential to save Americans $26 billion a year in energy costs by 2030.

  

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References

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