LED market research reveals movers and shakers: LED Engin raises $12 million to expand, UV LED market on the rise.
Recently, LED Engin raised $12 million to expand operations, with an option to receive even more from its investors. Not only does that bode well for the company as it can continue to expand its products internationally, it also bodes well for the industry. Nothing highlights growth potential more than evidence of investments. So what does the industry look like from a growth perspective? It just takes a glance at the number of research reports flooding the market to see that expectations are blossoming.
UV LEDs: According to Yole Développement's new report UV LEDS: Technology & Application Trends, UV LEDs are expected to be a $270M business by 2017, and even up to $300M based on application potential.
Click to read the rest of this article on EDN.