LED market continues to grow rapidly

According to a latest report, market indicators continue to predict a rise in LED usage across applications, with lighting leading the way in LED applications with a predicted increase of 20% over 2010. The total package revenue for backlight and lighting applications was $7.2 billion in 2010 and is forecast to reach $12.7 billion in 2014. A heightened demand for LED lights applications is the main driver of this dramatic increase.

Fortunately, suppliers have taken note of these trends and have planned for increased capacity in the future. In 2011, DisplaySearch predicts global LED capacity will reach 180 billion units, and by 2013 will reach 227 billion.