LED will be in the indicator light, display board market ushered in rapid growth

Market research firm StrategiesUnlimited estimates that LED industry overall market more than $11 billion in 2012. High brightness LED will grow by 12% in 2008.

StrategiesUnlimited analysts said that in 2007 the market growth of 9.5% to $4 billion 600 million. In the next 5 years, the mobile phone application product growth accelerated, the estimated total market will further accelerate the LED industry, is expected to have 20% compound annual growth rate in the next 5 years, while sales in 2012 is expected to rise to $11 billion 400 million.

StrategiesUnlimited expects the application market in 2012 will be the largest LED indicator light and display panel (including LCD, LCD TV, Bei Guangyuan) the proportion of 44%. 2007 LED main application market for mobile phones, the market share of 44%. In addition, global sales of solid-state lighting in 2012 will rise from $320 million in 2007 to $1 billion 370 million.

Source: Electronic Engineering album