![LED Replacement Lamps: Market Analysis and Forecast - 2013 LED Replacement Lamps: Market Analysis and Forecast - 2013](https://cdn11.bigcommerce.com/s-45rfrfl4/images/stencil/300x300/products/77/272/sureport-ledreplacements2013__46686.1393874347.jpg?c=2)
The LED market has grown at an phenomenal pace over the last ten years fueled by applications in the mobile appliance sector, namely cellular handsets. Once accounting for 55% of the LED market, increasing efficiencies and a saturation of the handset market has caused this sector to now be only 45% of the LED market.