After two years of moderate single-digit revenue growth in 2005 and 2006, the solid-state lighting industry is poised to propel LED revenues to a double-digit expansion rate in 2007, according to research firm iSuppli. Total LED market revenues will grow by about 13.7% in 2007 and will expand at a compound annual growth rate (CAGR) of approximately 14.6% between 2006 and 2012 to reach $12.3 billion, predicted iSuppli.

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