The LED based lighting has picked up significant levels of demand and interest in the last 5-6 years. The LED lighting was initially seen as an option for lighting the small mechanical devices, hand held communication and computing gadgets as well as for lighting decorative ornaments. Even car manufacturer used the LED technology in for small space lighting in their cars. However the advancement in the technology has increased the investment coming into the LED lighting industry which has in turn had a cyclical effect in increasing the advancement level in the technology.
“Investment in the LED industry is currently the world’s hot key project; global R & D and production of LED’s are of great importance. It is forecasted that, in 2025, solid-state lighting and source lighting electricity use will reduce by half the annual savings amounted to 35 billion U.S. dollars. This will form an annual output value of more than 50 billion U.S. dollars for the semiconductor lighting industry.Chinais also speeding up the pace of LED development.Chinais a big electronics manufacturing country, and its rapid development of the domestic mobile phone, automotive and other industries is a huge impetus to the development of LED. With national semiconductor development, the domestic LED industry has broad prospects for development.” (‘Himfr.com Analyzes 2009’s LED Industry Trends’ 2009)
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