I-supply Japan predicts that with the increasing use of large-size LCD backlights such as TVs and notebook computers, as well as the demand for automotive and indoor lighting applications, the global LED market is also expanding, in terms of growth rate, 2005. It was 2.1%, and 8.7% in 2006, and the average growth rate between 2006 and 2012 will be as high as 14.6%. It is expected that by 2010, its market size will reach 12.3 billion US dollars, more than twice that of 2006.
I-supply Japan believes that by 2010, LED bulbs will be officially popularized as lighting for homes and offices. Driven by the popularity of energy-efficient light sources, the trend of suppressing the use of incandescent bulbs will become stronger. The unit price of the LED will also decrease as its function increases. In addition, it also pointed out that the background light source for small liquid crystal displays and key pads for portable information products accounted for about 25% of the global LED market in 2007.
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