Illumination and LCD backlighting are major drivers for growth

A new report indicates healthy growth for lighting applications using LEDs, while the increasing demand for LED backlights in LCD panels is providing a boost for Taiwan’s LED industry, writes Tim Whitaker.

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Oct08 Market
High-brightness LEDs have shown dramatic improvements in performance in recent years, as well as significant cost reduction, such that they are undergoing a period of rapid market growth in a variety of niche and general lighting applications, says a new report by Strategies Unlimited.

The market research firm has analyzed the market structure for LED lighting, and the drivers that will enable HB LED technology to penetrate the lighting market, as well as the barriers to market growth. The report, entitled “The Market for High-Brightness LEDs in Lighting: Application Analysis and Forecast – 2008,” also provides detailed analysis and quantitative market forecasts for 12 LED lighting applications through 2012.

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This article was published in the September/October 2008 issue of LEDs Magazine.

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