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LED Market Lights Up by Jim Carbone

The LED market is taking off as the industry will post double-digit growth over the next several years, according to a new report by researcher iSuppli. Growth will be driven by the increased adoption of high brightness (HB) and high flux (sometimes called high power or ultra high brightness) LEDs into lighting applications.  Global LED revenue will expand by 10.9% in 2009 to reach $7.4 billion, up from $6.7 billion in 2008. By 2013, the global LED market will reach $14.3 billion, nearly double from 2009.  Growth is being driven by the rising penetration of LEDs in existing lighting applications such as vehicles, traffic and street lighting, the backlighting of small liquid crystal displays and keypads in mobile handsets, personal navigation devices, digital picture frames and cameras. The market also is being aided by the emergence of new applications, such as backlighting of large LCDs in televisions, notebooks and computer monitors and personal illumination. 12/16 Purchasing