Backlighting applications drove massive 93% jump in HB-LED market during 2010 (MAGAZINE)
Display applications in TVs, monitors and mobile devices will continue to drive the LED market in the next two years, after which solid-state lighting will take over. TIM WHITAKER reports from the Strategies in Light conference.
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.
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