High Brightness LED Worldwide Consumption Forecast to Reach $46.05 billion in 2020, According to new ElectroniCast Study
A new study from ElectroniCast anticipates that global consumption of high brightness LEDs (HB-LEDs) will reach a value of $46.05 billion in 2020. In 2010, the global consumption of packaged HB-LEDs stood at $10.09 billion.
Timing is everything in this market. According to Stephen Montgomery, Director of LED market research at ElectroniCast, "during the 2010-2020 timeframe covered in the ElectronicCast study report, decreasing average selling prices (ASPs) are forecast to cause challenging growth patterns in consumption value in some application segments; therefore competitors ...