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Yearly Revenue of Horticultural LED Expected to Grow by Nearly 40% in 2020, While COVID-19 Pandemic Unexpectedly Propels Market Demand, Says TrendForce

23 November 2020

Owing to the gradual legalization of marijuana cultivation and the pandemic-induced surge of recreational and medical marijuana markets in North America, horticultural LED has become one of the fastest-growing lighting markets in 2020, according to TrendForce’s latest investigations. Moreover, as the COVID-19 pandemic’s impact on the food supply chain starts to surface, capital expenditure (CAPEX) for indoor agricultural infrastructure has once again shown an upward momentum due to the rising demand for equipment replacement and procurement, resulting in a rapid growth in enterprise orders for horticultural LED. Global yearly horticultural LED revenue is expected to reach US $158 million in 2020, a 39.7% increase YoY.

Micro LED Chip Revenue Expected to Reach US$2.3 Billion in 2024, Primarily Used in Large-Sized Displays, Says TrendForce

11 November 2020

Since the introduction of Sony’s large-sized modular Micro LED display in 2017, other companies, including Samsung and LG, have successively made advances in Micro LED development, in turn generating much buzz for the technology’s potential in the large-sized display market, according to TrendForce's latest investigations. Emissive Micro LED TVs are expected to arrive on the market between 2021 and 2022. Even so, many technological and cost-related challenges are yet to be solved, meaning Micro LED TVs will remain ultra-high-end luxury products at least during the technology’s initial stage of commercialization.

Industry Giant Cree to Divest Its LED Operations as Part of Business Transformation, While LED Supply Chain Continues Its Shift to Asia, Says TrendForce

20 October 2020

After global LED giant Cree divested its lighting business in 2019, the companies today (Oct. 20) announced its plan to sell its LED business to SMART Global Holdings (SGH) for US$300 million. TrendForce indicates that Chinese manufacturers have quickly risen in the LED industry in recent years, benefiting from superior production capacities and cost optimization measures. These manufacturers are continuing to capture the existing market shares of major overseas LED companies, such as Nichia, OSRAM OS, Lumileds, and Cree. Furthermore, given the poor state of the global economy in the past two years, companies that were previously dominant in the LED industry must now deal with the difficult reality of having their business operations or stocks sold off to other companies.

TrendForce Announces Top 10 Tech Industry Trends for 2021

6 October 2020

In this release, TrendForce provides its forecast of 10 key trends in the tech industry for 2021.

Samsung to Galvanize Growth of Mini LED Backlight TV Market, while Intense Competition in LED Supply Chain Projected to Resurface, Says TrendForce

28 September 2020

Yearly Mini LED backlight TV shipment is projected to reach 4.4 million units for 2021, a 2% penetration rate in the overall TV market, as brands begin integrating Mini LED backlights into their TVs and continue to improve technologies as well as optimize costs, according to TrendForce’s latest investigations. While Apple is set to release IT products featuring Mini LED backlights, Korea-based Samsung and LG will both debut their own Mini LED backlight TVs in 2021. In particular, as part of its effort to deploy Mini LED backlight across its product mix, Samsung is targeting a yearly shipment of more than two million Mini LED TVs next year in anticipation of high market demand.


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