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As the global LED lighting markets experiences slowing growth, LED and LED lighting companies have quickly expanded into the emerging markets where new blue ocean opportunities could be found. The latest analysis by LEDinside, a division of TrendForce, finds that Vietnam’s LED lighting market is projected to reach US$348 million in 2016, up 28% from US$271 million in 2015. The steady growth of the Vietnamese market has caught the attention of LED lighting companies worldwide.
The scale of the global market for chip-on-board (COB) LEDs used in the lighting application will reach US$580 million in 2016 and exceed US$700 million in 2021, achieving a CAGR of about 4% during the forecast period. This figure includes COB products belonging to ceramic and EMC packages. The above data and additional details can be found in the 2016~2021 Global LED Industry Demand and Supply Database Report by LEDinside, a division of TrendForce.
Prices of LED light bulbs were steady through September as the global LED market picked up significantly and LED chip prices remained stable, according to the latest report by LEDinside, a division of TrendForce.
LEDinside, a division of the global market research firm TrendForce, held LEDforum 2016 at National Taiwan University Hospital (NTUH) International Convention Center on September 30. This conference, which focused on micro-LED as the next-generation display technology, featured presentations by industry and research heavyweights including Epistar, Trillion Science, hTC, PlayNitrides, OSRAM Opto, Macroblock, Industrial Technology Research Institute (ITRI), X-Celeprint and CEA-Leti.
The value of the infrared (IR) LED market worldwide continues to grow due to rising demand in various applications markets, according to the 2016~2021 Global LED Industry Demand and Supply Database Report by LEDinside, a division of TrendForce. Applications such as security surveillance systems , virtual reality (VR) devices and facial and iris recognition solutions will push up the value of the global IR LED market from about $300 million in 2016 to US$792 million in 2021. Note this estimation excludes revenue from the optical sensor market.
