Worldwide white LED market to grow 16% in 2008

Posted by Digitimes

Production value of the global white LED market will grow from $6.6 billion in 2007 to $7.7 billion in 2008 with 10-inch and above backlighting, decoration and display signage markets all seeing explosive growth during the period, according to industry sources. Although first quarter 2008 will be a traditional low season for the LED market, white LED revenues will have over 20% on year growth during the quarter thanks to a widening of applications such as backlighting, automobile, lighting, digital photo frame and low-cost notebook markets, according to LED makers.

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