The high-brightness LED market grew by 9.5% to $4.6 billion in 2007,
increasing from the 6% growth rate in 2005 and 2006, according to
analysts at Strategies Unlimited. The use of LEDs for signs, cars,
signals and illumination together grew by 20% in 2007, with
illumination applications having the highest growth rate. The overall
high-brightness LED market is forecast to grow at a cumulative growth
rate of 20%, reaching $11.4 billion in 2012.