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GE Lighting’s decision to leave the Asian lighting market has sent another shock wave within the global lighting industry. LEDinside, a division of TrendForce, pointed out that less than 10% of GE Lighting’s total lighting revenue comes from China. Other markets in Asia also make up a very small percentage. At the same time, pricing and brand competition in the region has intensified. By withdrawing from this region and reinforcing its presence in North America, GE Lighting has also shown that the industry’s thinking has shifted from expanding channel network and market share to maintaining profitability and one’s survival.
Prices of LED chips and packages in China rose again during the final week of this August mainly on account of the strong demand from the fine-pitch LED display market, reports LEDinside, a division of TrendForce.
According to the 2016 Global Lighting Market Report by LEDinside, a division of TrendForce, four LED specialty lighting applications that are attracting growing interests include horticultural lighting, surgical lighting, marine/harbor lighting and smart lighting. The combined market scale of these four applications is estimated to grow from US$4.36 billion in 2016 to US$16.4 billion in 2020, with the CAGR during this forecast period reaching 30%.
In response to the rising demand for mobile payment, Samsung’s latest flagship smartphone Galaxy Note 7 includes iris recognition as a standard feature that assists in user authentication. The arrival of Galaxy Note 7 is expected to trigger a new round of hardware competition among smartphone brands as they will also likely to incorporate iris recognition into their flagship devices. According to the latest analysis from LEDinside, a division of TrendForce, iris and facial recognition features will gradually become prevalent in mobile devices. LEDinside further estimates that in 2020, global shipments of mobile devices with the iris and facial recognition features will reach 400 million units. By that time, the market value of infrared LEDs (IR LEDs) for iris and facial recognition will total around US$250 million. Thus, biometric recognition has become one of the most potentially profitable applications for IR LEDs.
LEDinside, a division of TrendForce, reports the global average sales prices of 40-watt and 60-watt equivalent LED light bulbs in July fell 0.7% and 0.6% versus the prior month, respectively, to US$9.5 and US$12.9.
