In 2013, the LED package market value was US$ 12.5 billion and is expected to reach US$ 13.39 billion (Year-on-Year +7%) in 2014, according to a LEDinside gold report. Tablets and smartphones are still highlights of the LED market in 2014. The two applications have shown stable growth as it benefited from increased resolution and market demands.
Affects from the termination of China’s Home Appliance Subsidiary Programs in 1H13 caused LED backlight market demands to ease in June and July this year, according to LEDinside, a green energy research subsidiary of global research institute TrendForce.
In July, global 40W equiv. LED lamp Average Selling Prices (ASP) fell slightly by 0.6% to US$ 15.5, with price drops most evident in U.S.,according to LEDinside, an LED research division of international research organization TrendForce. Global ASP for 60W equiv.
Mid-power LED shortages eased in 3Q13, due to increasing LED suppliers, according to LEDinside, an LED research division of international research organization TrendForce.