Revenue for Packaged LEDs for Lighting to Soar to $7.1B in 2016

Amid falling prices and rising consumer acceptance, light-emitting diode (LED) technology is taking over the lighting business, spurring a 96 percent increase in packaged LED revenue in the market from 2013 through 2016. Global revenue for packaged LEDs used in lighting applications is set to soar to $7.1 billion in 2016, up from $3.6 billion in 2013, according to a new report entitled “Packaged LEDs – World – 2013” from IHS Inc..

Share on Google Plus

About Unknown

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.