The global average sales price (ASP) of 40-watt equivalent LED light bulbs in June fell 0.2% compared with the prior month to US$9.5, says the latest price report from LEDinside, a division of TrendForce. The global ASP of 60-watt equivalent light bulb also dropped 0.1% monthly to US$12.9.
The value of the global LED market has been growing at a crawling pace as demand for backlight LEDs contracts. Automotive LEDs, however, are one of the few sizable application markets that are developing rapidly along with other smaller markets for niche industrial LED products. The latest analysis by LEDinside, a division of TrendForce, finds the replacement of traditional light bulbs with LED light sources continues steadily in the automotive lighting market despite the slowing growth in the regional automobile markets worldwide during the second quarter.
