Dateline City:
LONDON
London (Oct. 11, 2013)—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. (NYSE: IHS).
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