2008 global white LED market will grow by 16%

Bit network (ChinaByte) November 21st news, according to foreign media reports, the global white LED market value will increase from $6 billion 600 million in 2007 to $7 billion 700 million in 2008, thanks to 10 inches and above the back light during this period of time, decorative lights and signage display market demand will appear explosive growth, according to industry sources.

Although the first quarter of 2008 will be a traditional off-season, but a quarter of white LED revenue over the same period last year increased by more than 20% in the quarter due to the increase of backlight, automobile lights, digital camera frame and low-cost notebook computer market demand worldwide, the demand for LED will increase significantly, according to leading manufacturers said.

The next few years, the Chinese market will show significant growth. The firm added. The Chinese government has now invested more than 2 trillion yuan ($269 billion) to transform the national highway lighting. The source added that by 2010 China's high brightness LED display market will grow to 12 billion yuan.