TrendForce: LED Market Value to Grow to USD 13.003 Billion in 2024

According to TrendForce’s latest report “Gold+ Member: Global LED Market Demand and Supply Database and LED Industry Quarterly Update”, the market value of LEDs shrunk to USD 12.608 billion in 2023 due to multiple negative factors such as sluggish end-market demand, slow inventory depletion for LEDs, and fierce price wars. Entering 2024, the market demand for automotive lighting and displays, lighting (i.e., general, architectural, and agricultural lighting), LED video walls,... READ MORE