Abstract
The LED market represents the most attractive growth opportunity for
optoelectronics suppliers, because of all the government-led initiatives
toward improved energy conservation in both the commercial and residential
sectors, the increased demand for larger and more efficient displays for use
in handsets, notebook PCs, and televisions, and the rise in new applications
coming out of the industrial and automotive segments.
In the recent past, LEDs were often too expensive for most lighting
applications. However lower ASPs and production costs have plummeted in the
past few years, making them much more cost-effective for a wide variety of
applications, including solid state commercial and residential lighting,
notebook PCs, handsets, digital cameras, LCD televisions, industrial process
control, and automotive.
The LED market is valued at $5.3 billion for this year. It constitutes a 31
percent share of the total optoelectronics components market, trailing only
the larger image sensors segment in revenue. Over the next five years, LED
market revenue increases will substantially exceed the growth observed in both
optoelectronics and in the semiconductor market overall.
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