LEDs Spur Growth in Power ICs

Power semiconductor and power supply vendors are poised to cash in on strong growth anticipated for LED lighting in coming years, according to the latest forecast from market research firm IHS Inc. The market for power semiconductors for LED lighting is projected to grow to 24.3 million units in 2020, up from 7.3 million units in 2015, as LED lights command a larger proportion of the overall lighting market, according to IHS (Englewood, Colo.).