International
. The LED market went from $6.1 billion in 2009 to $10.2 billion in 2010, for revenue growth of 67%, according to the report revealed by IMS Research. This increase between the two years is the largest in the history of the LED industry.
Part of the growth in 2010 of the LED market is attributed to the use of this backlight technology in LCD TVs. However, according to IMS Research, these results will not be repeated in 2011, due to mature markets returning to a flat or stable growth level and saturation of the backlight market.
For 2013 it is forecast that LED lighting in general will have its greatest growth. Indeed, with the exclusion of general lighting, the value of LED will fall after that year due to erosion prices, more efficient LEDs (meaning they will require less) and market saturation.
The study indicates that due to the potential of lighting applications in general, the long-term future of LEDs will continue to shine for applications such as hotels, residences, exteriors, among other options.
