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. “Due to the large-scale popularization of MOCVD equipment made in China and the subsidies from local governments in China, the new capacity continues to be invested in LED chips...

Taiwanese LED companies have registered their revenue for September and most of them posted an on-year decrease. 

The falling price of LED general lighting products has led to lower profits for LED lighting manufacturers. The trade war and imposed tariffs on LED products have also affected the industry. Worldwide LED producers have taken different measures in response to the impacts.

In April, the U.S. government has proposed a list of 1300 Chinese exports and announced to impose 25 percent tariffs on these products, following the Section 301 investigation. Later in July, the Trump administration released the second tranche of additional tariffs on US$ 200 billion worth of Chinese goods. As LED products are included in both tariff lists, LEDinside has continued to follow and analyze the impacts of the tariffs on LED lighting business.