14 DAY TRIAL // Usually, when we talk about LED technology (light emitting diodes), it's in the context of LCDs, but we shouldn't forget that lighting systems have begun to use the technology a lot too.
In fact, a quarter of all LED chips shipped in 2013 are expected to be used in light systems by the end of 2013.
Back in 2012, the percentage was of 20%, so the progress makes sense. It's actually a little slow really.
LED light bulbs have an average luminous efficiency of 77lm/W, set to grow to 60lm/US$ in 2014 and 110lm/W in 2017.
All in all, I can understand why Taiwan-based LED makers gave this forecast, and why it's believed that global LED light bulb shipments will reach 1.254 billion units in 2014 (84% hike on year), to 9.7% of all lighting products.