Light-emitting diode shortage likely this year

According to electronic market research firm iSuppli, LEDs are facing a global supply shortage in 2010, and the year may end with a sharp under-supply of the in-demand devices unless production capacity ramps up.

The research firm’s numbers show that total consumption of LEDs reached 63 billion units in 2009. That was close to the industry’s total capacity of 75 billion units, indicating that many LED manufacturers were operating at nearly 100 percent utilization levels. In 2008, the total consumption of LEDs was just 57 billion units.