According to a report on the global lighting industry made by the LEDinside, a subsidiary of TrendForce, an international research institute, the LED market value for LED lighting application market in 2012 is 2.66 billion US dollars, which was 23.5% higher than that in 2011.
LED has been penetrated into a wide range of applications such as lighting and TV, thanks to the rapid price fall and aggressive push among vendors. Despite the LED market is still growing steadily in terms of demand, corresponding market growth slows down amid excess capacity build. LEDinside expects the LED package industry to grow only 9.6% YoY at US$11.27 billion in 2013.
According to LEDinside, the LED research division of TrendForce, listed Taiwanese LED firms’ revenues in August totaled NT$9.49 billion, a 2.64% MoM increase and a 7.6% YoY increase. LED Backlight Market Demand in China Surging
Due to China’s strong policy support and huge market, Chinese LED market has always been a major focus of the industry. Recently China’s annual solid-state lighting product subsidy bidding process results have been announced.
According to the latest price survey by LEDinside, the LED research division of TrendForce, global LED light bulb ASP saw a mild decline in July 2012.
