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May 19, 2021 07:47 am GMT
Original Link: https://www.techpowerup.com/282370/led-market-revenue-for-2021-projected-to-reach-ususd-16-53-billion-mainly-due-to-automotive-mini-led-applications-s
(PR) LED Market Revenue for 2021 Projected to Reach US$16.53 Billion Mainly Due to Automotive/Mini LED Applications, Says TrendForce
Owing to the impact of the COVID-19 pandemic in 2020, not only did LED revenue experience a downward trajectory, but this decline also reached a magnitude rarely seen in recent years, according to TrendForce's latest investigations. However, as vaccinations begin taking place in 1H21, the LED market's long-stifled demand is expected to rebound from rock bottom. Hence, global LED market revenue will likely undergo a corresponding recovery this year as well, with a forecasted US$16.53 billion, an 8.1% increase YoY, in 2021. Most of this increase can be attributed to four major categories, including automotive LED, Mini/Micro LED, video wall LED, and UV/IR LED.
Original Link: https://www.techpowerup.com/282370/led-market-revenue-for-2021-projected-to-reach-ususd-16-53-billion-mainly-due-to-automotive-mini-led-applications-s
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