PARIS – Packaged LED revenue will amount to $11.4 billion in 2012 and peak to $17 billion by 2018, according to market research firm Yole Développement (Lyon, France).
In its latest report, "
Status of the LED Industry", Yole Développement noted that growth will be generated by the display (LCD TV) and general lighting applications until tremendous adoption of LEDs in lighting. As from 2014, the third growth cycle of the LED business will accelerate with the general lighting applications accounting for more than 50 percent of the total packaged LED market.
And, talking about volume, Yole said it expects that LED die surface will increase from 22.5B mm², in 2012, to 80B mm², in 2018, prompting substrate volume growth from 8M x 2” equivalent (TIE), in 2011, to 39.5M x 2” equivalent, in 2018, with a CAGR of 26 percent.
