Chapter 1. Global Lighting Market Trend •       TrendForce LED Lighting Market Scale- Methodology •       TrendForce LED Lighting Market- Product Definition •       TrendForce LED Lighting Market Product Definition- Lamps •       TrendForce LED Lighting Market Product Definition- Luminaires •       Connected Lighting to Create Second Growth Curve for ...

According to TrendForce, Apple is expected to adopt Micro LED for its consumer electronic products in the close future. The Apple Watch will likely be the first among Apple’s products to feature a Micro LED display, and the adoption is anticipated to occur in 2024. Then, during the period from 2026 to 2030, the application scope of Micro LED could expand to encompass AR headset displays, smartphone displays, automotive displays, etc. The Apple Watch as a product line was launched in 2015 and has been in the market for more than eight years. The Apple Wat...

Aug. 4, 2021 ---- Annual revenue of Micro LED chips for TV is expected to reach US$3.4 billion in 2025 at a 250% CAGR across the 2021-2025 period, according to TrendForce’s latest report titled 2021 Mini / Micro LED Self-Emissive Display Trends and Analysis on Suppliers’ Strategies. This growth can mostly attributed to the early planning by display manufacturers to adopt Micro LED technology for large-sized displays; although the prohibitive cost of this technology is unlikely to be overcome in the short run, TrendForce still forecasts the afore...

Jun. 30, 2021 ---- Affected by the emergence of the COVID-19 pandemic, global LED video wall revenue for 2020 reached a mere US$5.53 billion, a 12.8% YoY decrease, with the European and US markets suffering the most significant declines, according to TrendForce’s latest investigations. In 2021, as overall market demand recovers, and certain components in the upstream supply chain undergo price hikes due to shortage, LED video wall manufacturers have raised their product prices in response. Hence, LED video wall revenue for this year is expected to reach US$...

According to the latest LEDinside Gold Member Report from TrendForce, the global lighting LED package market value is expected to continue to decline due to the global economic recession and the decrease in the unit price of the lighting LED package products. The market value will reach US$6.3 billion in 2023. The CAGR stands at -3% throughout the forecast period, 2018-2023. “Due to the large-scale popularization of MOCVD equipment made in China and the subsidies from local governments in China, the new capacity continues to be invested in LED chips...

According to LEDinside’s latest report- 2019 Deep UV LED Application Market- Sterilization, Purification, and Water Treatment Markets, due to global recession, UV LED manufacturers’ revenue in 2018 failed to grow as expected, but the increase was stable. In terms of the demand market outlook, the curing market will grow steadily and the major growth momentum will be surface / air sterilization, static water sterilization and flowing water sterilization. UV LED market value in 2023 is expected to reach USD 991 million.

To develop Micro LED display technology, which is often regarded as the most promising display technology after OLED, Taiwan’s contract manufacturer Hon Hai Precision Industry, better known as Foxconn, recently announced that it will invest around US$10 million to acquire U.S. startup eLux through subsidiaries including CyberNet. After completing the acquisition, CyberNet will hold a 45.45% share in eLux; Innolux 13.64%, and Advanced Optoelectronic Technology 9.09%. Foxconn group companies will become the largest shareholder of eLux.

According to the latest ‘ 1Q17 Micro LED Next Generation Display Industry Member Report’ by LEDinside, Micro LED key technology development cover four sectors, including epi wafer and chip, transfer, bonding, and color conversion.

The latest analysis “1Q17 Micro LED Next Generation Display Industry” by LEDinside, a division of TrendForce, make a further analysis on the Micro LED industry. Judging by current technology, how to transfer Micro LED will be the biggest challenge. In addition, according to current players, the technology value chain is coming into existence. Four key technologies include: the production of epi wafer for micron-size chips, the bonding of the chips, the transferring of micro-LEDs to panel substrates, and color conversion. 

According to the latest report from LEDinside, a division of the market research firm TrendForce, the markets of the IR LED/ IR Laser and optical sensor applications will witness a broad variety of business opportunities give that major IR products, such as security surveillance systems, and new tools and applications, including facial recognition, iris recognition, pulse oximetry sensor, virtual reality, gaming notebook, IR touch panel, and automotive sensors, are under continuous development. 

As the global LED lighting markets experiences slowing growth, LED and LED lighting companies have quickly expanded into the emerging markets where new blue ocean opportunities could be found. The latest analysis by LEDinside, a division of TrendForce, finds that Vietnam’s LED lighting market is projected to reach US$348 million in 2016, up 28% from US$271 million in 2015. The steady growth of the Vietnamese market has caught the attention of LED lighting companies worldwide.

Two doctoral students and several research scientists from the Lighting Research Center (LRC) at Rensselaer Polytechnic Institute attended last month’s SPIE Optics + Photonics conference to present research on new innovative technologies and other topics of interest to the solid-state lighting industry. The presentations were part of the Fifteenth International Conference on Solid State Lighting and LED-based Illumination Systems, which took place August 31 in San Diego, California.

Plant Growth Lighting: LED has a promising prospect for the plant lighting market. The expected market scale is going to increase rapidly. The market scale in 2016 is about USD 575 million and LEDinside estimates it will increase to USD 1.424 billion in 2020.   Surgical Lighting: in 2016, The global medical surgical lamps market scale gradually increased from USD 612 million in 2016 to 787 million in 2020.   Marine Lighting: According to LEDinside estimates, in 2016, global LED marine market scale is USD 233 million. Compared with general lighting, since there are strict laws and regulations for lamps in the ships, they have a higher and relatively steady price. The global shipping industry faces the pressure of overcapacity, so the number of newly increased ships is limited. In addition, the usage period of marine lighting lamps is long, so LED marine lighting increasing momentum is mainly from the replacement needs. To sum up, LED marine lighting is a kind of specialty lighting application with steady production value as well as high profits.   Harbour Lighting: According to LEDinside estimates, in 2016, the global LED harbor lighting market scale is USD 587 million. For harbor lighting puts forward strict requirements for environment, lighting must have the high protective grade and erecting height. Most harbor lighting lamps adopt high-power LED lighting lamps to replace HID lamps. Their price and specification are much higher than that of traditional lamps. But since the number of harbors is relatively fixed, LED harbor lighting increasing momentum is mainly from the replacement needs. To sum up, LED harbor lighting is a kind of specialty lighting application with steady production value as well as high profits.   Smart Lighting: The global smart lighting market scale in 2015 is estimated to be USD 1.716 billion, although the LED lighting lamps entered the age of low cost, the smart lighting market has not matured and scale effects has not formed, the relevant software and hardware are costly, therefore, the current smart lighting market is small, however, with the maturing of technology and products in future, the active promotion by manufacturers and the popularization of smart lighting related concepts, the market will grow continuously, expected to reach USD 13.427 billion in 2020.

Lighting LEDs accounted for US$3.9 billion of the US$8.8 billion Chinese LED package industry in 2015, according to the 2016 Chinese LED Chip and Package Industry Market Report by LEDinside, a division of TrendForce. Lighting LEDs’ share in the total scale of the Chinese LED package industry in 2015 also grew 15% year on year to reach 44%. MLS and Honglitronic, the two major Chinese package suppliers, have steadily expanded their market shares in the LED lighting application due to booming demand in Southeast Asia, India and other emerging markets. Consequently, their standings in the industry have gradually risen as well.

India’s lighting sector has enjoyed accelerated development recently. The scale of the country’s LED lighting market in particular is projected to expand 47.1% year on year in 2016 to US$1.14 billion, according to the 2016 Indian Lighting Market Report by LEDinside, a division of TrendForce. By 2020, the Indian LED lighting market is forecast to grow to US$1.715 billion. Joanne Wu, assistant research manager for LEDinside, said the Indian government plans to make their country the export hub for lighting products going to East Asia. At the same time, major international lighting vendors such as OSRAM and Toshiba have also set up production bases in India for supplying the global market. Driven by domestic and overseas demand, the Indian LED lighting market is expected to witness soaring growth in the near future.

An international joint research group succeeded in developing a novel thermally activated delayed fluorescence (TADF) material which displays emission of light in colors from green to deep-red through Intersystem Crossing from the singlet to the triplet excitons, a world first. The results will contribute to R&D in white TADF light emitting devices for indoor and outdoor use through combination with TADF materials that emit light in shorter wavelengths (deep blue to yellow).

China has become a major battleground for local and international LED package suppliers as the competition in the global LED market continues to intensify. The 2016 Chinese LED Chip and Package Industry Market Report by LEDinside, a division of TrendForce, finds Nichia held on to its position as the revenue leader in the Chinese package market for 2015, while Lumileds rose to second place and MLS followed at third. The top 10 LED package suppliers in the 2015 global revenue ranking generated a total of US$3.3 billion, down 15% from 2014. Together they contr...

The scale of China’s LED package industry grew just 2% annually to US$8.8 billion in 2015, according to the 2016 Chinese LED Chip and Package Industry Report by LEDinside, a division of TrendForce. The weak performance of the Chinese LED industry last year was mainly attributed to the global economic slowdown.   LEDinside analyst Allen Yu said the market is showing some signs of rebound this year as branded lighting vendors have been restocking their inventories, thereby generating demand and boosting the capacity utilization of LED chip suppli...

The arrival of a thin and lightweight computer that even rolls up like a piece of paper will not be in the far distant future. Flexible organic light-emitting diodes (OLEDs), built upon a plastic substrate, have received greater attention lately for their use in next-generation displays that can be bent or rolled while still operating.

Projected penetration rate for small size OLED: As Samsung started to adopt OLED in all models of its own brand and the exportation to Chinese labels, the strategies has pushed the penetration rate to 20% in 2016. Samsung has reached full production capacity while other display manufacturers are unable to satisfy the specification of high-end mobile models, OLED’s penetration rate will only rise to approximately 25% from 2017 to 2018. As Taiwanese, Japanese and Chinese manufacturers all strive to catch up and the expansion of Samsung and LG Display, it’s expected that OLED could take over one third of the smartphone display market, providing that Apple didn’t enter the OLED market.   Large size OLEDs cannot pose threat to LEDs: The main obstacle of small size OLED lies in the demand of high pixels per inch (ppi) while in large size it’s limited by yield rate and price. Though LG Display strived to lower the price of OLED TV and adopted the same strategy in selling its display panels to other manufacturers, prices of OLED TVs that are twice higher than LED ones still saw slow progress. It’s projected that OLED TVs will only account for 0.5% in the TV market and rise to 5% as of 2020.

In horticultural operations, LED lamps are becoming recognized as an important advance in artificial lighting. Among other benefits, LED lighting systems can offer durability, long operating lifetimes, and high energy efficiency. Researchers published a study in the March 2016 issue of HortScience that shows that continuous spectrum LEDs made specifically for horticultural can be superior to conventional white LEDs in terms of plant response and energy efficiency.

UV-A LEDs are primarily used for curing. Presently, curing also represents 52% of the UV-A market in terms of applications. Wu noted that UV-A LED manufacturers will evade the challenge of price competition by offering highly customizable solutions in the future. This means working closely with curing machine vendors in every aspect of product development, such as the LED wavelength, the design of the UV LED module, the composition of the UV adhesive and the design of the cooling system.

Continually Shrinking Production Value、Growing Chinese Market、Three-in-one Sensor becomes the Standard Requirement

LEDinside research report indicates the industrial lighting sector has become more important in the lighting industry. Moreover, Europe currently still has the largest market share followed by China and U.S. Under the promotion of oil-related industries, European explosion-proof lighting market has grown slightly faster than the U.S. Affected by the strong demand for LED replacement lamp in recent years around the world and the government's subsidies, LED industrial lighting grows rapidly, its global market scale in 2016 will reach USD 2.932 billion, with growth of more than 15% in the next few years, and its market scale will reach USD 5.204 billion in 2020.

2016 LED Market Demand and Supply Analysis

Light-emitting diode (LED) manufacturers are now looking to develop niche application markets that can provide higher margins as the price competition in the LED lighting market has become too difficult for them. Among these niche application markets, ultraviolet (UV) LED has attracted investments from many manufacturers because of its enormous market value. The UV LED market has much higher technological barrier to entry, so prices of its products are several tens of times greater than those of the general LED products. LEDinside, a division of TrendForce, states that the global UV LED market in 2015 is estimated at US$122 million, which is around the same level as in 2014, in its 2015 Global LED Industry Supply and Demand Database Report. The absence of noticeable growth in the market value this year is mainly attributed to the rapid decline in UV-A LED prices (UV-A spectrum is between 320~400nm in wavelength).

 Light-emitting diode (LED) manufacturers had an especially tough year in 2015. “Despite rising LED lighting market demand and the large scale replacement of traditional lighting products, the oversupply situation has caused the average LED sales prices (ASPs) to plunge 30% to 40% year on year,” said Roger Chu, research director for LEDinside, a division of TrendForce. “Growing number of manufacturers have incurred heavy losses and exiting the market.”

2016 Lighting LED and Lighting Market v.s. 2016 LED Backlight Market Trend

LEDinside Silver+ Member Report   3Q15 Residential Lighting- Bulb and Downlight Market   Global LED residential market is still in a transitional phase. Despite the dim global economic outlook, rapid growth is expected in the global LED residential lighting market.

LED lighting markets in Europe, the US, and Japan have gradually matured, and China is also entering a period of intense competitions over pricing and scale. With the formation of the ASEAN Economic Community, LED vendors’ attention on the emerging markets in Southeast Asia has grown over the years. According to a recent estimation made by LEDinside, a division of Trendforce, the lighting markets of the six major Southeast Asian countries – Thailand, Singapore, Malaysia, Vietnam, Indonesia, and Philippines – had a combined value of US$4.5 billion in 2014. Out of that amount, around US$1.1 billion came from the LED lighting market. The growing infrastructure needs within the countries of Southeast Asia are expected to bring great demands for LED lighting as well.