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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.
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.
According to the latest Infrared Sensing Application Market Trend Report by LEDinside, a division of TrendForce, seeing that smartphone shipments are predicted to decline for whole 2019 year, cell phone brands will be engaging in a 'specs -contest' with their flagship devices for the second half-year, and 3D sensing modules will become an important component in that race. Market revenue for VCSELs used by cell phones utilizing 3D sensing is projected to reach US$1.139 billion as a result of this trend.