The Micro LED development was hit hard in March 2024 after Apple decided to cancel the Micro LED watch project. Slowdowns in aspects including investments, technological development, and widespread use are unavoidable. Nevertheless, chip miniaturization, which is closely associated with cost reducti...

Apr. 1, 2024 ---- TrendForce’s latest LED industry report indicates that the global market is set to recover in 2024, with estimated revenues reaching US$13 billion—marking a YoY growth of 3%. This resurgence is primarily driven by demand across various sectors, including automotive ligh...

According to TrendForce’s report “2024 Deep UV LED Market Trend and Product Analysis", the UV LED market value is expected to reach USD 309 million in 2028, thanks to application expansion to fields such as curing, medical, disinfection/purification, photocatalytic air purification,...

According to TrendForce’s latest report “Gold+ Member: Global LED Market Demand and Supply Database and LED Industry Quarterly Update”, the market value of LEDs shrunk to USD 12.608 billion in 2023 due to multiple negative factors such as sluggish end-market demand, slow inventory ...

Mar. 4, 2024 ---- TrendForce’s latest reports indicate a significant turning point for the LED lighting market in 2024, as an estimated quantity of 5.8 billion LED lamps and luminaires reach the end of their lifespan. This milestone is set to trigger a substantial wave of secondary replacement...