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LED market to reach over $10B by 2011

Posted: 11 Sep 2006 ?? ?Print Version ?Bookmark and Share

Keywords:BCC Research? LED? high-brightness LED?

The market for high-brightness LEDs and substrate materials will grow from $6.6 billion in 2006 to $10.6 billion by 2011, according to report by BCC Research titled "Light Emitting Diodes for Lighting Applications." The BCC Research report also said that this market will grow at an average annual growth rate of 10.2 percent until 2011.

The report projects shipments of high-brightness LEDs reaching $6.5 billion in 2006 and increasing at an annual rate of 10.3 percent to reach $8.8 billion in 2011. Substrate materials for LEDs are predicted to hit $1.1 billion in 2006, increasing at an annual rate of 9.7 percent to $1.8 billion in 2011.

High-brightness LEDs use a fraction of the power needed for bulb technology, have much longer operating lifetimes, and do not endanger the environment. They are used for the photonic industry, solid state devices, microelectronics, automotive lighting systems, display manufacturers, mobile devices and other applications.

- EE Times

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