2024-04-01

Demand Rebounds, Global LED Industry Revenue Expected to Grow 3% in 2024 with Market Focus on Automotive Displays, Says TrendForce

Apr. 1, 2024 ---- TrendForce’s latest LED industry report indicates that the global market is set to recover in 2024, with estimated revenues reaching US$13 billion—marking a YoY growth of 3%. This resurgence is primarily driven by demand across various sectors, including automotive lighting and displays, general/architectural/agricultural lighting, LED video walls, and UV/IR LEDs. Additionally, the successful deployment of Micro LEDs in large displays by Samsung and luxury watches by Tag Heuer has played a significant role in this growth. TrendF...
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Nichia, the world's largest LED/Laser Diode manufacturer and inventor of the high-brightness blue and white LEDs, and Tokushima Agriculture, Forestry and Fisheries Technology Support Center have conducted a joint research study to evaluate... READ MORE

Signify, the world leader in lighting, announced that it has installed Philips GreenPower LED toplighting compact in the lettuce nursery greenhouse of Woodeumgee Farm Co., Ltd., located in Buyeo, Chungcheongnam-do. Woodeumgee Farm has reported... READ MORE