Future of LED adoption looks bright
By Suzanne Deffree of Electronics, Design, Strategy News on December 15, 2009
LEDs continue to be a bright spot in the recovery economy. ISuppli Corp this morning reported that the 2009 holiday season is setting up double-digit sales growth in the use of LEDs for general illumination that will see a near doubling in market revenue by 2013.
The market research company noted that multiple retailers are actively promoting LED lights for indoor and outdoor decorative illumination applications. Also, LED lights with Edison sockets used for replacing conventional light bulbs are starting to appear on store shelves, making them a viable choice for general illumination applications, iSuppli said.
“The LED industry is on the threshold of a new expansion phase—a phase that will be characterized by growth rates in the high double digits during the next three years,” said Jagdish Rebello, director and principal analyst at iSuppli, in a report. “This growth will be driven by the increased adoption of high brightness (HB) and high flux—also referred to as high power or ultra high brightness (UHB)—LEDs into a new range of next-generation lighting applications.”