USA: In 2009, while the global semiconductor market posted negative growth due to the worldwide recession, the HB LED market grew by 6.2 percent. Much of the growth came from an increase in LED display backlight penetration and growth in the illumination sector.
The longer-term outlook for the total HB LED market is highly positive. The forecast projects market growth averaging 29.5 percent per year, reaching over $19 billion by 2014. The application with the highest forecast growth rate is signs/displays, with a CAGR of 60.6 percent. Illumination has the next-highest growth rate, with a projected CAGR of 45.4 percent.
Now in its eleventh edition, High-Brightness LED: Market Review and Forecast – 2010 is the most comprehensive market research report currently available on the demand side of the high-brightness LED industry.
It represents the culmination of over 15 years of market research activity by Strategies Unlimited; the world’s acknowledged authority on HB-LED market.
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