2015 global LED output was $14 billion 325 million, an annual decline of 3%

TrendForce's green energy division LEDinside latest report pointed out that in 2015 the global LED (including visible and invisible light LED) industry output decline for the first time, came to $14 billion 325 million, up to 3% years of recession. The main reason of the price competition from LED manufacturers, resulting in some mainstream specifications LED the average price decline of up to more than 40%; while the dollar appreciation also makes many LED vendors revenue conversion into dollars after the recession.

LEDinside research associate Chu Chao said in some of the major reasons of negative growth appeared in 2015 the output value is as follows:

1.LED technology, making use of the number of reduction. Such as TV backlight with the introduction of LED technology, the number of LED backlight can be further down.

2 alternative technologies rise. OLED panel technology tends to mature, more and more mobile phone manufacturers want to differentiate into the OLED panel. Since the OLED panel has the characteristics of self luminous, does not require LED backlight, so the smart phone backlight applications due to the rise of OLED technology has gradually been replaced.

3 oversupply. Due to the oversupply of the whole industry, excess capacity, resulting in intense price competition, as for LED lighting applications, despite the continued growth in the use of the number, but because of the decline in the price of the overall output growth slowed.

Yu Chao said that in 2016 LED overall demand will continue to grow. In addition to the rise in the use of OLED backlight panel LED technology substitution, resulting in the decline in the number of applications, the number of applications in general lighting, automotive lighting and display applications are still in the growth trend.

On the other hand, due to the imbalance between supply and demand has not yet been balanced, the 2016 LED price competition pressures continue to exist. However, over the past year due to excessive price competition between LED manufacturers, making many LED products have been sold at a loss, or even close to the state of the cash cost, so the price has been relatively limited space.

The main application of kinetic energy slowed, LED industry over the past decade the rapid growth

Recalling the history of the development of LED industry, has been showing a high growth trend. With a variety of applications push up the demand for the LED industry, including mobile keyboard and screen backlight, TV backlight, and even the rise of smart phones and tablet PCs, and the popularity of LED lighting penetration. LEDinside statistics, over the past decade the average annual growth rate of the overall LED industry is about 20%~30%, but in 2015 the output value of negative growth, the main reason for the decline is the growth of various mainstream applications slowed.

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