LED Market Forecast 2010-2014
Oct 7, 2010 A new forecast on the LED market was presented by Strategies Unlimited at the Strategies in Light Europe (Frankfurt, Germany) conference last week.
The latest LED market numbers fr om Strategies Unlimited show that total sales of packaged LEDs are expected to grow by an amazing 68% in 2010, reaching $9.1 billion.
The new forecast was revealed by Strategies Unlim ited’s Vrinda Bhandarkar: the industry would experience an overall compound annual growth rate (CAGR) of 27.8% to reach $18.4 billion in 2014. LED backlights for LCD TVs and monitors will be the biggest growth driver. The slowing LCD TV market may reduce projected shipments of LED TV backlights, but the penetration of LEDs will continue to increase. Outdoor lighting and replacement lamps will be the fastest-growing segments. The longer-term outlook continues to be highly positive, with a 5-year CAGR forecast of 48%.
Author: BIO T&T
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