India’s LED industry is undergoing dramatic changes, and is entering an exponential growth phase as more manufacturers jump in, said Deepak Loomba, Managing Director and CEO of De Core Nanosemiconductors during a New Critical Territory in Global Lighting Marketing forum last Thursday at TILS 2015, Taipei, Taiwan.

LED usage continues to rise across applications and  lighting is leading with a predicted increase of 20 percent  over 2010. According to DisplaySearch, 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 lighting applications is the main driver of this increase. In 2011, DisplaySearch predicts global LED capacity will reach 180 billion units, and by 2013 will reach 227 billion. The total average LED penetration in lighting was 1.4 percent ...