A new report by Global Industry Analysts, Inc. predicts that the growing demand for LEDs will propel the global market to $14.8 billion by 2015. Current wide-scale uses of LEDs include indoor and outdoor lighting, computers, televisions, cell phones, signs and displays, and indicator lights. In 2009, cell phones constituted the largest end-use for LEDs, accounting for over ¼ of sales. Long-term growth of the market, however, will likely be sustained by LEDs’ increasing use in general lighting applications. Global phase-outs of incandescent bulbs and government quests for more efficient lighting products are helping to fuel demand for LEDs. GIA’s study also anticipates that the price of LEDs will drop as the technology continues to improve. Oh yes, it will be a good 5 years for LEDs.