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Lighting to Overtake Cellphones as Largest LED Driver IC Sector

With the efficiency and total lumen output for LED on the rise, lighting this year will surpass cellphones as the biggest application for LED driver ICs. This market is set to grow to $323 million this year, up from $214 million in 2012, according to a new report from IMS Research. Cellphones will have revenue of $316 million. Unit shipments of LED driver ICs this year will continue to favor mobile handsets with 1.5 billion units, versus 1.1 billion for LED lighting. However, that will change in 2014 when lighting is forecast to overtake mobile as the volume shipment leader with 1.9 billion, compared to 1.7 billion for cellphone LEDs. Revenue will continue to grow for LED lighting for the next few years heading to $519 million in 2014 and $666 million in 2015 on its way to $810.3 million by 2018.