Artec Lantec, a representative and stocking distributor of niche technologies for Israel’s electronics industry, has announced that it has been selected to represent Luminus Devices exclusively in Israel.
Luminus is a global manufacturer of high-performance LEDs and solid-state light sources. Its LED technology is designed for projection display and illumination applications that require high brightness, high efficacy and the efficient harnessing of light from a small point source. According to a report by Zion Market Research titled “LED lighting Market for Residential, Architectural and Outdoor Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022,” the global LED lighting market accounted for $26.09 billion in 2016 and is expected to reach $54.28 Billion by 2022, growing at a CAGR of around 13% between 2017 and 2022. This is especially relevant for Israel where many emerging technologies and solutions are created for the global market.