The LED component market saw negative growth in 2015, due mainly to oversupply in the market and faster-than-expected price erosion. The new forecast reflects a more conservative compound annual growth rate of 4.5% from 2015 to 2020.
Ten companies accounted for more than 60% of the packaged LED lighting market, many of which saw negative growth in US dollars despite positive growth in their local currency. Strategies Unlimited arrived at these figures after analyzing market demand as well as the supply-side activities of more than 50 LED lighting component suppliers.
This report analyzes the LED market used in the following sectors: LED lighting fixtures, automotive, displays, mobile devices, signs, and others. Each sector is further broken down by the main application within each sector, as well as by LED power (low power, mid power, high power, and super high power) and material types.
The trend of LED lighting is growing slowly, but we still keep positive for the market as we always committing to create more innovative products for our valuable clients.