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According to the latest report by the LEDinside research division of TrendForce, titled 2020 Global LED Video Wall Market Outlook – Meeting Room, Sales Channel and Price Trend, the demand for displays with high resolution and HDR capabilities has skyrocketed; thus, the LED fine pitch display (pixel pitch ≤ P2.5) market is expected to reach 27% CAGR in the 2019-2023 period. On the other hand, ultra-fine pitch displays have more momentum for growth because of their lower shipment numbers at the present. The ultra-fine pitch display (pixel pitch ≤ P1.1) market is therefore projected to reach 58% CAGR.
In this press release, TrendForce provides predictions of the information and communication technology industry for 2020, focusing on 10 key themes.
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.
The latest Mini LED and HDR High-End Display Market Report by LEDinside, a division of TrendForce, reveals that Mini LED backlight displays all have a significant advantage in brightness, reliability and performance, as well as a chance to grab a slice of the high-end display market. It may even extend the lifetime of LCDs. It is predicted that Mini LED backlights in 2024 will enjoy penetration rates of 20%, 15% and 10% in the application markets of ITs, TVs and tablets, respectively.
According to the newest 2019 Global Automotive LED Market Report- Passenger Car and Box Truck report by LEDinside, a division of TrendForce, the global automotive market has been showing declines since 2018 amid global trade frictions and economic recessions, but the penetration rates of LEDs in various major automotive lighting products continued to rise. Furthermore, new energy cars have a greater demand for LEDs than traditional cars do while boasting a faster growth in shipments. This will cause the volume of and revenue for automotive LED products to maintain modest growth in future years, with global automotive LED revenue forecast to arrive at US$3.17 billion in 2019 and to register a CAGR of 7% during the forecast period 2018-2023.
