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High-Brightness LED Market Slowing But Still Growing
LED Journal reports the HB LED market continued its slow growth phase in 2006. The market grew by 6 percent to $4.2 billion, primarily due to the continuing decline in the mobile appliance market. Mobile appliance applications once accounted for nearly 60 percent of the market but is now down to under 50 percent despite an increase in handset shipments. Other applications have taken up some of the slack including solid state lighting and automotive. On the production side, high-power (0.5 W+) LEDs were the fastest growing product line in 2006 with a growth rate of 43 percent. In fact, the market without mobile appliances grew at an impressive 22 percent growth rate for 2006 showing the willingness of the industry to seek out new applications. |
