Generative AI Leads the Way: Humanoid and Service Robots Receive Major Upgrades Robotics is poised to remain a central focus in 2025 as advancements in AI and robotics accelerate, driven by major players like NVIDIA and Tesla. The development will emphasize training machine learning, digital twin simulation platforms, collaborative robotics, mobile robotic arms, and humanoid robots to adapt to various environments and enable seamless human-machine interaction. Humanoid robots, backed by substantial investment from U.S. and Chinese manufacturers, are set to ...

On July 3, Eric Chiou, Senior Research Vice President at TrendForce, was invited to speak at the Display Innovation China Forum 2024 (the 2024 DIC FORUM) in Shanghai. Chiou delivered a speech titled “The Rise, Development, Transformation, and Integration of Four Major Display Technologies,” and the content is as follows. Image credit: DIC Over the past year, the spotlight in the tech industry has almost entirely focused on AI. However, a closer look at the development in the display industry reveals a similarly impressive progress in...

According to TrendForce’s observations, the LED video wall market in Europe and North America, particularly for LED outdoor displays, will continue to grow. However, the indoor display market’s growth has slowed coupled with intense price competition. Overall, the demand in these regions is expected to remain stable throughout 2024. In contrast, the Chinese market is experiencing declining demand, reduced government budgets, and weakened social investment intentions, exacerbating competitive pricing, which is likely to lead to a downturn in the LED vi...

Meta has just unveiled its first-ever full-color AR glasses, Orion, at Meta Connect 2024. These innovative glasses utilize LEDoS (silicon-based Micro LED) technology and are impressively lightweight at just 98 grams. TrendForce’s recent analysis indicates that 2024 is set to be a crucial year for leading brands venturing into the near-eye display market within the metaverse. Nevertheless, Meta’s AR glasses are still struggling to achieve an optimal balance between FOV and resolution, as well as developing a more robust application ecosystem. It’s pr...

Chapter 1 Industry Trends: Mini LED and OLED in Zero-sum Game, with Fierce Competition between Large-, Mid-, and Small-size Displays With expanded shipments of LCD panels engineered with Mini LED backlight for various segments, the confrontation with OLED is inevitable. In various application across large, medium, and small panels, it has become a zero-sum game: gains for Mini LED backlight come at the expense of OLED, and vice versa. Interestingly, this is not the typical one-way replacement mode usually seen in the history of technological developm...

TrendForce reports that global AR device shipments are projected to reach 25.5 million units by 2030—with a CAGR of 67% from 2023 to 2030—thanks to product planning by AR brands and the advancement of AI technology and application ecosystems. Among these, the penetration of LEDoS technology is expected to rise significantly, reaching 44% by 2030, making it the mainstream technology in the market. TrendForce notes that the popularity of AR devices is steadily increasing. In addition to brands like Apple and Meta working on AR projects, Chinese man...

According to the latest report by TrendForce, titled "2024 Global LED Lighting Market Analysis - 2H24," the LED lighting industry did not see significantly positive changes and performance growth in 1H24. The revenue of leading companies shows a marked decline, reflecting overall market weakness. However, the demand for specialized LED in agricultural lighting has been driven by favorable factors, making it one of the few bright spots in the otherwise declining lighting market. 1 With Revenue Declines among Leading Companies, the LED General Lightin...

TrendForce’s latest report reveals that shipments of near-eye displays are expected to increase year-by-year over the next few years following inventory clearance. It is anticipated that OLEDoS will dominate the high-end VR/MR market, with its technological share rising to 23% by 2030, while LCD will continue to occupy the mainstream market, holding a 63% share in near-eye displays. TrendForce defines VR/MR devices as near-eye displays that achieve an immersive experience through a single display. Devices emphasizing transparency and the integration of virtual ...

According to TrendForce 2024 Global Automotive LED Market- Lighting and Display Product Trend, confronting market competition and cost reduction pressure, automakers have been active in adopting ADB headlights, Mini LED taillights, full-width taillights, grille lamps / full-width front strips, (intelligent) ambient lights, Mini LED-backlit displays, and other advanced devices as value-added products for marketing, leading to steady growth in the automotive lighting / automotive LED demand for 2024 to USD 37.395 billion and USD 3.445 billion, respectively, hig...

Jun. 3, 2024 ---- Efforts to reduce the cost of Micro LED chips through size miniaturization are ongoing. Companies like LGE, BOE, and Vistar continue to invest in large display applications, while AUO has been focusing on developing smartwatch products. There is also growing demand for new display applications in head-mounted devices and for automotive uses. TrendForce’s “2024 Micro LED Market Trend and Cost Analysis Report” reveals that the market value of Micro LED chips is projected to reach $580 million by 2028, with a CAGR of 84% f...

The Micro LED development was hit hard in March 2024 after Apple decided to cancel the Micro LED watch project. Slowdowns in aspects including investments, technological development, and widespread use are unavoidable. Nevertheless, chip miniaturization, which is closely associated with cost reduction for Micro LED chips, continues to move forward. LGE, BOE, Vistar, and other manufacturers have invested in large-sized display applications, while AUO continues developing its watch products. Regarding novel display applications, Micro LED can be seen in head-...

Apr. 1, 2024 ---- TrendForce’s latest LED industry report indicates that the global market is set to recover in 2024, with estimated revenues reaching US$13 billion—marking a YoY growth of 3%. This resurgence is primarily driven by demand across various sectors, including automotive lighting and displays, general/architectural/agricultural lighting, LED video walls, and UV/IR LEDs. Additionally, the successful deployment of Micro LEDs in large displays by Samsung and luxury watches by Tag Heuer has played a significant role in this growth. TrendF...

According to TrendForce’s report “2024 Deep UV LED Market Trend and Product Analysis", the UV LED market value is expected to reach USD 309 million in 2028, thanks to application expansion to fields such as curing, medical, disinfection/purification, photocatalytic air purification, and tanning/horticultural lighting/food preservation. Seoul Viosys continued to generate the highest UV LED revenue between 2019 and 2023 in consecutive, securing its top position. Furthermore, ams OSRAM saw an increase in revenue from UV-C LED business ...

According to TrendForce’s latest report “Gold+ Member: Global LED Market Demand and Supply Database and LED Industry Quarterly Update”, the market value of LEDs shrunk to USD 12.608 billion in 2023 due to multiple negative factors such as sluggish end-market demand, slow inventory depletion for LEDs, and fierce price wars. Entering 2024, the market demand for automotive lighting and displays, lighting (i.e., general, architectural, and agricultural lighting), LED video walls, UV/IR LEDs are likely to recover gradually. Additionally...

Mar. 4, 2024 ---- TrendForce’s latest reports indicate a significant turning point for the LED lighting market in 2024, as an estimated quantity of 5.8 billion LED lamps and luminaires reach the end of their lifespan. This milestone is set to trigger a substantial wave of secondary replacements, breathing new life into the market and boosting total LED lighting demand to an impressive 13.4 billion units. Currently, LED lamps and luminaries account for about 70% of all lighting solutions in use worldwide, narrowing the scope for replacing traditional fixtures with L...

According to TrendForce’s latest market research report "TrendForce 2024 Global LED Lighting Market Analysis-1H24", the lighting market demand in 2023 did not experience the expected rebound due to numerous factors. TrendForce once again revised down the LED lighting market value for 2023 to USD 58.5 billion (-5% YoY). In 2024, about 5.788 billion LED lamps and luminaires will reach their service life limits and be phased out, leading to a considerable demand for second-time replacements. This is expected to reverse the declining trend in the LED...

Jan. 22, 2024 ---- In a pivotal ruling, the U.S. Court of Appeals for the Federal Circuit has decided against Apple in its patent dispute with Masimo, mandating a halt in sales of the Series 9 and Ultra 2 in the US due to their blood oxygen features. This decision pushes Apple to potentially remove these features via software updates temporarily. Despite this setback, TrendForce maintains a positive outlook on bio-sensing tech in the wearables market. Substantial growth is predicted, with the market value for bio-sensing in smartwatches and smart bands expected to reach U...

Jan. 10, 2024 ---- TrendForce’s latest report, “TrendForce 2024 Infrared Sensing Application Market and Branding Strategies” reveals a market decline for consumer electronics 3D sensing VCSEL in 2023 to US$847 million. This downturn has been attributed to a weak consumer market and pricing pressure. Major brands incorporating 3D sensing in their 2023 consumer electronics include Apple (smartphones and tablets), Honor (smartphones), Meta Quest 3, and Magic Leap 2. The iPhone 15 Pro, featuring Sony’s stacked technology, integrates VC...

TrendForce 2024 Infrared Sensing Application Market and Branding Strategies focuses on four fast-growing application segments, namely the 1) Consumer Electronics, 2) Smart Cabin / ADAS (DMS / OMS), 3) Autonomous Driving, and 4) Industrial / Logistics / Home Appliance Automation. Additionally, TrendForce will explore business opportunities and analyze technical specifications associated with SWIR light sources (LED / VCSEL / EEL) and SWIR CMOS image sensors / photodetectors as their technologies become increasingly mature. According...

Market Scale Analysis The year 2023 marks the commercialization of Micro LED as a display technology. For example, Samsung announced large-sized Micro LED displays. Although less than a hundred of such displays have been shipped throughout the year, the shipment of Micro LED displays is likely to jump by 10 times in 2024 with an expected increase in the yield rate of relevant components. Despite its mass production being postponed to 2026, the high-profile Micro LED Apple Watch has prompted the entry of 8-inch production lines into the Micro LED manufacturing p...

TrendForce's "2024 New Mini LED BLU Display Trend Analysis" report reveals that due to declining demand in consumer electronics, shipments of Mini LED products are expected to decrease to 13.337 million units in 2023. However, the market is projected to rebound in 2024, with shipments estimated at 13.792 million units, and the growth trend is expected to continue through 2027. This decline is part of a larger trend of decreasing prices for Mini LED products, setting the stage for sustained growth in shipments. The report predicts that by 2027, shipments ...

The LED video wall market in China has recovered slower than expected in 2023 following the country’s reopening. Compared to the low point in 2022, however, the end-market demand shows an upward trend overall, particularly the demand in the Corporation & Education, Broadcast, and Retail & Exhibition sectors. North America is booming, with demand in the outdoor display, retail & exhibition, and virtual production sectors being major contributors for the growth momentum. Hit by the Russia–Ukraine war and soaring inflation, demand in Europe is returning ...

Aug. 10, 2023 ---- Mass production of large displays and wearable devices is propelling the Micro LED market. TrendForce predicts that the market value of Micro LED chips will reach $27 million in 2023, indicating a YoY growth of 92%. With the scaling of existing application shipments and the introduction of new applications, it’s projected that the market value of Micro LED chips will approach $580 million in 2027, representing a CAGR of approximately 136% from 2022 to 2027. Alongside the consistent growth in chip values, ancillary industries—such as tran...

According to TrendForce’s analysis of car market demand in 2023, the global economy remains weak although inflation is slowing down in Europe and North America. Car manufacturers have been cutting vehicle prices to stimulate sales, but the act has caused fierce price competition. Due to fierce competition in the vehicle market, prices of automotive LEDs have dropped noticeably, consequently delaying several projects for LED product development. That being said, advanced technologies related to ADB headlights, Mini LED taillights, full-width taillights, logo lamps,...

To date, Mini/Micro LED hasn’t went into mass production, which is not as planned but in line with expectation. Anyhow, what matters is that the path to success has become much clearer even though arriving the destination of full-scale production still takes a period of time. In 2022, amid macroeconomic headwinds, Mini/Micro LED faced complicated challenges while embraced more opportunities. To some extent, the industry found silver linings in addressing problems at both supply and demand sides, including technical hurdles, cost issue, terminal applications and demands pr...

Jun. 1, 2023 ---- TrendForce has reported a significant decline in global LED demand throughout 2022, resulting in a noticeable downturn in both LED lighting and video wall markets. The industry was faced with an LED chip surplus, which led to a continuous drop in prices throughout the year. The combined impact of volume and price reduction resulted in a sharp 23% annual decrease in the market value of global LED chips in 2022, shrinking to just US$2.78 billion. Despite this challenging landscape, it is predicted that the LED industry will recover in 2023, primarily...

As TrendForce specifies in its latest report “TrendForce 2023 Micro LED Market Trend and Technology Cost Analysis”, although revenue from Micro LED chips installed in wearables (mainly smartwatches) are estimated to be only USD 3 million in 2023, the number will skyrocket to USD 172 million and USD 463 million in 2024 and 2025, respectively, as Apple starts to adopt Micro LED displays for its new watches. The new Apple Watch will likely prompt other brands to develop and promote Micro LED wearables. Micro LED chip market value from weara...

According to TrendForce’s 2023 Deep UV LED Market Trend and Product Analysis, the pandemic woes in China affected both supply chains and new project investments across the UV-A LED sector in 2022, where the market demand for PCB exposure machines and LCD lamination equipment—related to consumer electronics—dropped dramatically. In the UV-C LED sector, most home appliance manufacturers delayed product development plans due to weak consumer spending, indicating their lower willingness to introduce UV-C LED products. Further, UV LED...

According to TrendForce’s latest report “Gold+ Member: Global LED Industry Data Base and LED Player Movement Quarterly Update”, soaring raw material costs and high inflation caused by the Russia–Ukraine war and pandemic woes in China have slashed consumer market demand and increased end product inventories. Therefore, TrendForce analyzes that the LED market value shrunk to USD 14.214 billion in 2022 (-19% YoY). Except for the 40% growth rate of the Mini LED backlight market, general lighting, architectural lighting, agricultural l...

Shipments of monitor panels have fallen over the quarters this year due to various factors that have caused disruptions across the global economy and politics. TrendForce projects that shipments of monitor panels will total just around 158 million pieces for 2022, showing a YoY decline of 8.8%. According to TrendForce’s research on the market for display panels, monitor panels experienced a large downward shipment correction later than did TV and NB panels. For TV panels, the correction phase began in 3Q21. Turning to NB panels, a steep decline in shipments occurr...