Since 1995, the market for high-brightness LEDs has grown at an average annual rate of 58.4% to reach a value of $1.2 billion in 2000. This growth has been driven by the increasing performance of high-brightness LEDs across the visible spectrum, and the resulting development of new applications that previously could not be addressed with conventional, low-brightness LED materials. The next major challenge for the high-brightness LED industry will be to achieve significant penetration of the worldwide lighting market, which is estimated at $12 billion.
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