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In 2016, UV LED technology has been rapidly expanding into various application markets including curing, sterilization and purification equipment. The total value of the UV LED market worldwide is estimated to grow from US$166 million in 2016 to US$555 million in 2021 at compound annual growth rate (CAGR) of 27%, according to the 2016~2021 Global LED Industry Demand and Supply Database Report by LEDinside, a division of TrendForce.
Micro-LED is regarded as a promising next-generation display technology that is being quietly developed by major brand companies in various industries. According to LEDinside, a division of TrendForce, displays for wearable devices and large indoor public displays are two applications that offer micro-LED the quickest paths to commercialization.
The latest report from LEDinside, a division of TrendForce, finds that LED chip suppliers raised their prices in August, slowing down the price decline for end products. Thus, prices of LED light bulbs will be on a stable trend in the short term.
The latest 2016~2021 LED Industry Supply and Demand Database Report by LEDinside, a division of TrendForce, states that the introduction of Quad-LED True Tone flash on iPhone 7 and 7 Plus is expected to spur non-Apple branded smartphone vendors to make similar upgrades to camera flashes on their devices. Also, Quad-LED True Tone, which uses more flash LEDs than ever before, will help generate a new wave of demand in the global flash LED market. According to LEDinside, the value of the flash LED market worldwide is projected to grow from US$744 million in 2016 to $811 million in 2017, representing an annual growth of 9%.
GE Lighting’s decision to leave the Asian lighting market has sent another shock wave within the global lighting industry. LEDinside, a division of TrendForce, pointed out that less than 10% of GE Lighting’s total lighting revenue comes from China. Other markets in Asia also make up a very small percentage. At the same time, pricing and brand competition in the region has intensified. By withdrawing from this region and reinforcing its presence in North America, GE Lighting has also shown that the industry’s thinking has shifted from expanding channel network and market share to maintaining profitability and one’s survival.
