Strategies Unlimited Forecasts LED Revenue to Peak at $16.2B in 2014. Revenues for high-brightness LEDs grew by a remarkable 108% to $11.2 billion in 2010, according to a new market report by the leading firm following the LED market, Strategies Unlimited. The growth was propelled by applications in TV backlight units, but expanding supply and a slowdown in overall TV demand in 2011 led to a drastic drop in LED prices, leading to a revised estimate of $12.3 billion in LED revenues for 2011.

In 2010, more than 50% of the global LED packages were produced in China and players included various package companies that were funded by Mainland China, Taiwan, Hong Kong, and the U.S., and others.

The LED lighting market (packaged chips) is forecasted to grow to $1.65 billion by 2012 making this one of the fastest growing segments in the LED industry. SSL has the potential to be the next generation lighting technology and the LED lighting fixture industry is an emerging market application for packaged HB-LEDs.

LED driver IC sales will reach nearly $3.5 billion in 2015 from nearly $2 billion in 2010, a compound
annual growth rate of 12%. LED driver electronics enable efficient and reliable performance of LEDs.  As the overall electrical circuit and a large part of the overall design, the driver is more important than the LEDs alone, but it is surprisingly complex and the market is highly fragmented across countless applications.

GALLIUM NITRIDE has been the subject of intensive research and product development over the past fifteen years. Since 2000, GaN research activities have intensified around the world.