LEDinside Reports Global LED Market Posts First YoY Decline in 2015 - Energy Watch News


LEDinside Reports Global LED Market Posts First YoY Decline in 2015

The latest report from LEDinside, a division of TrendForce, finds the total value of the global LED market (include both visible and non-visible LED products) arrived at US$14.32 billion in 2015, representing YoY growth of -3%. The market witnessed its first annual decline in value last year mainly because of the price war among the LED manufacturers, with the ASPs of some mainstream LED packages suffering a drop of 40% or more compared with 2014. LEDinside Research Director Roger Chu explained that there were three major factors behind the negative growth in market value for 2015:
1. Decrease in LED usage volume due to technological advancements
2. The rise of OLED as the replacement technology
3. Oversupply
On the whole, Chu expects the demand for LEDs to keep growing in 2016. http://www.ledinside.com/node/25153

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