NuAxiSemiconductor trade intelligence

LED market to rebound by 3% to $13bn in 2024

What happened

TrendForce forecasts the global LED market to grow 3% YoY to $13bn in 2024, driven by demand in automotive lighting, displays, and general lighting, as well as successful micro-LED deployments by Samsung and Tag Heuer. This represents a market recovery from a low base. Neutral: The forecasted growth is broad-based and gradual, unlikely to create immediate supply tightness or direct price pressure for traders.

Impact and signal

Low impactImpact score: 10/100

Affected components and suppliers

LEDMicro-LED

Samsung Electronics

market-recoverydemand-growth

Source and time

Source: Semiconductor Today · 4/2/2024 · View original source

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LED market to rebound by 3% to $13bn in 2024

What happened

Impact and signal

Affected components and suppliers

Source and time

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