2012-08-17
LEDs have a very bright future. According to a market research report published by Strategies Unlimited (SU), the high-brightness (HB) LED market, experienced a 93 percent growth rate between 2009 and 2010. In 2009, the global market for packaged HB LEDs was $5.6 billion. In 2010, it grew to $10.8 billion. SU is predicting that by 2015 the global market will be worth $18.9 billion, representing a compound annual growth rate (CAGR) of 11.8 percent. Despite the positive forecast, there is one element that has the potential to stifle the growth of the LED mar...
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