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Global LED Market to Reach 25 Billion by 2023

Global LED Market to Reach 25 Billion by 2023

The increase in demand for efficient displays, lighting, and fixtures has fuelled the rapid growth of global LED market which will reach $25 billion by 2023.

Introduced as a practical electronic component in 1962, the initial LEDs emitted low-intensity red light. However, modern versions, which are available across visible, ultraviolet, and infrared wavelengths, produce very high brightness.

As compared to traditional lighting technology, LED technology conserves energy by about 80%, making it ideally suitable for a wide range of applications. These include aviation lighting, automotive lighting, advertising, general lighting and traffic signals.

Market Analysis on LED:

Market Analyst offers more than 20 research reports on light emitting diodes (LED), including:

LED and LED Driver IC Markets to 2016
Global UV LED Market 2012-2016
LED Lighting Market
World LED Lighting Market

Learn more about market analysis on LED.