LED Market Is Expected to Reach $42.7 Billion, Globally, by 2020
LED Market (Light Emitting Diode Market) Report, published by Allied Market Research, forecasts that the global market is expected to garner $42.8 billion by 2020, registering a CAGR of 13.5% during the period 2014-2020. Asia Pacific commands dominance of the LED technology market. The region houses approximately 3/4th of the global electronics manufacturing industries. North America, due to its high-tech forensic and medical applications leads the market for UV LEDs.
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