In a new report updating market shares for 2009 and provisional market share for 2010, IMS Research says 2010 was a year of tremendous growth in the LED industry, dramatically higher than the typical growth rates of recent years. The researchers estimate the market for LEDs has grown from $6.1 billion in 2009 to about $10 billion in 2010, driven by economic recovery, lighting and above all backlights, especially TVs. This means that suppliers are having to grow by 64% this year just to maintain their market share.
IMS Research Estimates LED Market Shares for 2009 and 2010
