IC demand is low, LED is a safe haven

High tech industries are surrounded by an atmosphere of frustration, but at least the LED industry is now red and strong. According to Databeans Inc data show that LED lighting is expected to reach $400 million market size in 2008. The company is also expected to reach 35% of the total annual growth rate of LED market is expected in 2013, the LED market can grow to $1 billion 800 million.

Databeans Inc. said, LED is traditionally used for signs, lights and panels, but now quickly involved in the family and the enterprise's general lighting source. Although the current LED price is 5 times the average price of fluorescent bulbs, but the energy consumption of LED is the light bulb of the, and LED life is 5 times the length of the light bulb. In addition, 5-10 years, LED mandatory performance standards will effectively eliminate the lower efficiency of fluorescent bulbs. Experts predict the next 20 years, LED will help the United States to save energy costs more than $280 billion, then LED will account for more than 70% of the total lighting market.