According to LEDinside, a research division of TrendForce, the global market value of high-brightness LED in 2011 is estimated to total USD 9 billion instead of USD 10.6 billion as previously expected, with a mere annual increase of 8%. Contributing factors include: backlight market’s weak demand, drastic plummeting LED’s average selling price, which resulted in over supply in the LED market.

According to the latest price survey by LEDinside, a research division of TrendForce, due to weak LED demand in 2Q11, the prices of TV backlight (5630) and high-power LED continue to drop. As for the outlook in 3Q11, the downturn of TV backlight (5630) will most likely continue. In addition, because of the drastic plummet in 1H11, the prices of high-power LED see a mild drop in the near term.

Based on the statistics of LEDinside, the research division of TrendForce, the revenue of Taiwan listed LED manufacturers in April 2011 has reached NTD 9.62 billion (MoM +3.39%, YoY+6.6%). As can be seen from the chip makers’ revenue, the revenue of listed LED chip makers has increased to NTD 4.37 billion with 8.5% rise compared with last April  (MoM+1.8%; YoY+8.5%). On the other hand, the revenue of listed LED package makers has increased to NTD 5.25 billion, up 5% on yearly base (MoM+2.9%，YoY+5%). Generally speaking, LED backlight sales steadily increased and April revenue remained flat growth. 

Based on the survey of LEDinside, the LED research division under TrendForce, LEDinside indicated that the speed of LED market demand recovery in the first quarter of 2011 is lower than expected. Affected by inventory adjustment of the large-sized panel display market and the LED lighting market, LED manufacturers are facing the pressure of price reduction.