LED market grew almost 10% in 2011, with 44% growth in lighting

Led sales 2011The worldwide LED market grew 9.8% to $12.5 billion in 2011, with 44% growth in the lighting sector, according to Strategies Unlimited, who revealed the top-ten LED suppliers for the year. However, the outlook remains roughly flat for the next 5 years, peaking in 2013.

The worldwide high-brightness LED market grew from $11.3 billion in 2010 to $12.5 billion in 2011, a growth rate of 9.8%, according to market-research firm Strategies Unlimited. Demand for LED components (i.e. packaged LEDs) in the lighting market grew 44%, from $1.2 billion to $1.8 billion.

Source: [LED Magazine]