The worldwide high-brightness (HB) LED market shot up from $5.6 billion in 2009 to $10.8 billion in 2010, a growth rate of 93%, according to market research firm Strategies Unlimited (www.strategies-u.com). Backlights for LCD TVs and monitors led the growth spurt, followed by mobile display applications. The total market is expected to reach $18.9 billion in 2015, representing a compound annual growth rate (CAGR) of 11.8%.
Strategies Unlimited’s HB-LED market analysis includes only packaged devices, and does not include chips, back-light units, modules or fixtures. The information was presented by Ella Shum, Director of the company’s LED Practice, at the Strategies in Light (SIL) conference on February 23 in Santa Clara, CA. See our report on page 21 for more news from this event.
++++++ This article was published in the March 2011 issue of LEDs Magazine. To read the full version of this article, please visit our magazine page, where you can download FREE electronic PDF versions of all issues of LEDs Magazine. You can also request a print copy of LEDs Magazine (available by paid subscription) and sign up for our free weekly email newsletter.