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| IHS' LED market forecast includes all types of LEDs, although with the lighting market now moving into full swing, the vast majority relates to GaN-based devices. Note how the rate of growth slows towards the end of the decade - a result of price declines and impending market saturation. A lighting industry that has been used to a huge replacement market for bulbs is now adapting to a superior technology with a far longer lifetime. Source: IHS. |
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