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In this release, TrendForce provides predictions of the information and communication technology industry for 2019, focusing on 10 key themes. Some of these themes continue from last year but will show significant evolution in the upcoming year.
According to LED Industry Demand and Supply Data Base, the latest report by LEDinside, a division of TrendForce, the global LED industry is projected to reach a market value of US$ 18.796 billion in 2018, with an increase of 4% YoY, lower than LEDinside’s earlier forecast of 11%. The market is slowing down as the oversupply situation contributes to LED price declines, together with the impacts of escalating trade war on demand in the end market.
Major LED package products in the Chinese market have seen noticeable price declines in August, according to the latest report from LEDinside, a division of TrendForce.
The prices of mainstream LED package products remained stable in the Chinese market for July 2018, says LEDinside, a division of TrendForce.
According to the latest research by TrendForce, the market of automotive mmWave radar expects rapid growth with the shipment estimated at 65 million units in 2018; the CAGR is expected to be 15% from 2018 to 2023. The growth momentum comes from China’s adoption of C-NCAP, a car safety assessment program, and NHTSA’s new regulation that makes automatic emergency braking system as a standard feature for new cars.