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LED market shows no sign of dimming

Posted: 17 Sep 2013 ?? ?Print Version ?Bookmark and Share

Keywords:LED package? flash LED?

According to the latest report from TrendForce, the LED package market is valued at $12.5 billion this year and is expected to hit $13.39 billion in 2014. The market research firm added that tablet and smartphones have shown stable growth as they benefited from increased resolution and market demand. As for lighting applications, LED package value and lighting applications greatly increased in 2014, with most evident growth in engineering, commercial and outdoor lighting markets.

LEDinside predicted that LED-backlit TV penetration rate will reach 95 per cent by the end of 2013. Affected by the saturated market penetration rate and slow down of TV sales, LED-backlit TV market value will slump for the first time in 2014.

Affected by traditional off peak season and high inventory levels, tablet shipments were lower than estimations in 3Q13. Annual tablet shipment projections were lowered to 196 million, and annual shipment growth rates were down from earlier estimations this year of 33.6 per cent to 31.1 per cent. This shows that tablet shipments have eased, and although future tablet growths is waning, it still has considerable room for growth compared to other IT products. LEDinside estimates tablet LED backlight applications CAGR will reach eight per cent from 2013 to 2017.

Since flash LED prices fell quickly in 2013, total production value increased at a mediocre rate of three per cent. To add value to their smartphones, Apple has introduced "true tone flash" technology onto its iPhone 5S. The technology employs dual-flash LED for light compensation, and adds onto the original white flash LED structure another warm colour LED to compensate for the colour temperature difference. Dual-flash LED designs are expected to further raise flash LED demands, by increasing the LED pcs used in 2013 by 27.3 per cent to 1.44 billion pcs, and reach 1.7 billion pcs by 2014. LEDinside is observing whether other smartphone manufacturers will be following suit, and there is still a lot of room for imagination in the flash LED market.

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