LED flash to grow at 23% a year

LED flash will grow at a CAAGR of 23% through 2011 even though overall LED revenues from cellular handsets will decline. Backlighting applications will produce 63% of total LED revenue in 2011. Continuing pressure on ASPs will mean that overall revenues from backlighting applications will drop from $1.30 bln in 2006 to just over $984 mln in 2011, Strategy Analytics says.