LED Industry Quarterly Update - 3Q26

Last Modified

2026-09-04

Update Frequency

Quarterly

Format

PDF

The Gold+ member market report covers: 1. 2026-2030 LED market demand and supply analysis; 2. Summary of LED manufacturers' revenue and product performance of 1H26; 3. LED industry prices of 3Q26.

Key Highlights

The LED market value is projected to decline to USD 12.123 billion in 2026 as memory chip shortages and price surges dampen global consumer demand.
With brands ramping up the launch of premium offerings, such as RGB Mini LED TVs, alongside demand for NB facial recognition, LED suppliers are set to gain traction in revenue generation.
Beyond steady growth in agricultural lighting, as well as automotive lighting and display, niche applications are also fueling industry momentum: UV LED applications include curing, tanning, solar simulators, medical, life sciences, and flowing water disinfection and purification, while IR LED applications include DMS/OMS and security surveillance.
In the long term, Micro LED CPO interconnect and near-eye display applications are set to unlock new business opportunities, driving the LED market value to a projected USD 15.003 billion by 2030.