TrendForce: LED Market Value Likely to Hit USD 30.312 Billion in 2026
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According to TrendForce’s latest report “Gold+ Member: Global LED Industry Data Base and LED Player Movement Quarterly Update”, economic activities have returned in all aspects as the COVID-19 pandemic began slowing down in 2021, boosting the global LED market scale to USD 17.65 billion (+15.4% YoY), a growth rate that beats expectations. Looking to the future, market value of Mini LED backlights and video walls will continue going up, along with increased automotive LED penetration, rising demand for high-end lighting, and expanded video wall applications. TrendForce predicts that the LED market value will jump to USD 30.312 billion in 2026 with a 2021-2026 CAGR of 11%. In the coming years, the demand for Micro/Mini LED will be the focus of capacity expansion among LED chip manufacturers. In addition to Chinese players, suppliers in Taiwan (Epistar), Europe (ams OSRAM) and North America, Japan, and South Korea are demanding production capacity expansion. Such expansion mostly targets at the Micro/Mini LED demand, based on which TrendForce forecasts a year-by-year uptrend in proportions of 6-/8-inch wafer production…………….
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