cens logo

TrendForce: 2021 Lighting LED industry value growth to hit approx. 3.43%

May 26, 2021 | By EDN

TrendForce's LED Global Supply Chain Database report indicated an overall upward trend of prices for LED products, rising by 0.3~2.3% in Q2 this year. This is mainly due to the full recovery of LED lighting market demand since the first quarter, and this high is slated to continue into Q2.

On the other hand, the structural shortage of upstream LED chips caused by the epidemic is still unresolved. To avoid a worsening shortage situation, end-product suppliers have increased their stocking efforts. Estimates indicate the current surge will become the main driver of this year's LED lighting industry value to USD$6.709 billion, a yearly growth rate of 3.43%.

TrendForce further pointed out that benefiting from the rapid growth in demand for human-centric lighting, smart lighting, plant lighting and special lighting (such as nuclear power plant lighting, pharmaceutical-use, metal processing industry lighting). Revenue for major lighting-grade LED packaging manufacturers, include Samsung LED and ams Semiconductor, OSRAM, CREE LED, Lumileds, Seoul Semiconductor, MLS Co., LIGHTNING optoelectronic Co., Ltd, etc., has grown substantially since the first quarter. The momentum is expected to continue into Q2.

This wave of LED packaging products saw growth in specific categories: indoor medium and low-power lighting LED products (under 1 watt, excluding 1 watt) for home and commercial use (2835 LED, 3030 LED, and 5630 LED) saw a quarterly increase of 0.3~ 2.3%, and high-power outdoor lighting LED products (above 1 watt) for outdoor and industrial use, such as ceramic substrate LEDs, 7070 LEDs, rose 1.3 to 1.8% in terms of quarterly results.

The current wave of price increases is largely due to the impact of the pandemic last year, prompted by rising prices for semiconductors, related metal raw materials. Therefore, some lighting LED manufacturers caught between the pressure from upstream price increases, leading to rising prices of lighting LED products that were previously priced too low.

Overall, despite the pressure from rising upstream raw materials prices, lighting LED manufacturers are still actively improving product performance, including luminous efficacy and color saturation. Suppliers have also successfully launched products that meet the new needs of the post-epidemic market to ensure market share and competitiveness. For instance, OSRAM and Lumileds launched lighting LED products were created to improve the architectural atmosphere, while CREE LED products were better suited for indoor planting and plant factories.


Industry In-Focus

Traditional industries prepare for a carbon neutral era amid price-hike</h2>

Traditional industries prepare for a carbon neutral era amid price-hike

May 24, 2021

Since the beginning of this year, the prices of various raw materials including steel, petrochemicals, cement, paper pulp, glass, etc. have been rising simultaneously. However, market watchers have pointed out that the latest trends are not short-lived, and could be here to stay. The raw material market has been reorganizing for a period of time, leading to many low-end production capabilities be...


Used vehicle markets ripe for the picking in the chip shortage-era</h2>

Used vehicle markets ripe for the picking in the chip shortage-era

May 21, 2021

As the global auto market continues its transition into the electric-powered future, the auto parts sector will need to brace itself against not only the new trends but also the next hurdle to overcome. The pandemic has unveiled just how fragile just-in-time production can be: while it's convenient and manageable, it's also vulnerable to disruptions, and the automotive chip industry's unrelenting...


Foxconn and Fisker EV model slated for 2023 Q4 </h2>

Foxconn and Fisker EV model slated for 2023 Q4

May 14, 2021

Taiwanese electronics manufacturer Foxconn Technology and electric carmaker Fisker Inc. signed a deal on Thursday to develop and manufacture a new electric vehicle slated for mass production in Q4 of 2023. The type of vehicle was not identified, though reports indicated it would be a lightweight platform created by the two companies under the MIH platform framework. The price tag should be pri...



Industry Reports

Gov't to work with semiconductor industry in ensuring stable chip supply</h2>

Gov't to work with semiconductor industry in ensuring stable chip supply

May 19, 2021

Amid Taiwan's COVID-19 outbreak, the Economic Ministry addressed concerns over whether the current situation would impact the semiconductor industry, stating that the government will assist companies in ensuring protocols are in place in the case of employees contracting the virus. The Economic Ministry stated that protocols are in place to ensure a smoother transition for the global supply cha...


Rising prices squeeze Taiwanese manufacturers </h2>

Rising prices squeeze Taiwanese manufacturers

May 10, 2021

From the end of 2020 to Q2 this year, the price of electronic components increased across the board, squeezing electronic end-product-related companies as costs for packaging materials, plastics, and shipping costs rose. For instance, in the mobile phone industry, raw material and transportation quotations have also soared. While the manufacturer’s parts list (BOM) is under pressure, end product ...


Display industry prices to maintain hike into Q3</h2>

Display industry prices to maintain hike into Q3

May 03, 2021

Display maker AU Optronics' earning conference reported a strong performance in the second quarter, with order visibility long into the end of the year. Innolux Corp. had also recently pointed out that display panel sales would be tight throughout the year. Industry analysts say display prices would rise in Q3, though whether the trend would continue into Q4 requires observation. Due to the pa...



Supplier News

Plastic Packaging Producer Young Shang Transforms Biz with Smart Solutions</h2>

Plastic Packaging Producer Young Shang Transforms Biz with Smart Solutions

May 17, 2021

Entering its 52th year since opening its business, Young Shang Plastic's focuses on improving its production technologies and product quality. As a packaging producer, Young Shang passed FDA approval for making 100% recyclable plastic bottles from poly grain raw materials. The company has sold tens of billions of plastic products through production processes compliant with ISO9001, ISO14001, ISO2...

YOUNG SHANG PLASTIC INDUSTRY CO., LTD.


Home Resource Has Reached the Final Round of the iF DESIGN AWARD 2021!</h2>

Home Resource Has Reached the Final Round of the iF DESIGN AWARD 2021!

May 12, 2021

The international top-class panel of 91 experts has selected Home Resource to take part in the final round of the iF DESIGN AWARD 2021 for the design of the Halo Wireless charging pad with bedside lamp. As a result, Home Resource has successfully made the cut in one of the most important design competitions in the world and qualified for the iF Final Jury. In the second and most important roun...

HOME RESOURCE IND. CO., LTD.


(Photo courtesy of Steel Mark Enterprise Ltd.)

Steel Mark Well-recognized as Reliable Supplier of Lock Products

Apr 27, 2021

■ Tseng Lung-nan Founded in 1981, Steel Mark is specialized in manufacturing locks and other related hardware. The company's product catalog includes padlocks, motorcycle and bike locks, deadbolt locks, digital door locks, door locks, rim & euro profile cylinders, and concern hardware and parts. Presently, the company operates modern manufacturing facilities occupying 3,300 square met...

STEEL MARK ENTERPRISE LTD.



Insiders' Views

OmniEyes CEO and Co-Founder Chun-Ting Chou. (Photo courtesy of OmniEyes)

OmniEyes' AI Technology Paves the Way for Traditional Industries' Digital Transition

Dec 15, 2020

The COVID-19 pandemic has accelerated the industries' timeline for implementing digital transformation. However, the how's and what's of applying new technologies and improving the added value to existing products and services can be daunting. Three professors from the National Taiwan University College of Electrical Engineering and Computer Science founded the startup company "OmniEyes," basi...


Caption: Pictured from front row, third right, Changhua County Government Economic Affairs Department Director Liu Yu-ping, County Magistrate Wang Huei-mei, Secretary Chen Bo-tsun pose in front of the exhibition booth. (Photo provided by CHCIA)

Changhua County Government Shores up Biz-Matching to Global Buyers

Nov 18, 2019

■Yang Feng-Chun In a bid to assist manufacturers in Changhua County to expand their market reach overseas against severe competition in the globalized market, Changhua County Government has been an active player in pushing for a makeover and innovation of its local small and medium-sized enterprises. This is done in hopes of establishing stronger connection with international markets. An ex...


Paul Master offers high-quality chassis and engines parts for passenger cars, trucks, and industrial trucks. (Photo courtesy of Paul Master)

Paul Master Auto Parts Co.

Paul Master Builds Reputation with Auto Chassis and Engine Parts

Nov 18, 2019

Paul Master Auto Parts Co. is a professional manufacturer of chassis and engine parts for passenger cars, trucks, and industrial trucks (including forklifts) with about 40 years of experience. The company is currently expanding worldwide marketplace, which gains support from global buyers. General Manager Terry Liang said the company has its own professional design department, which provides ...

PAUL MASTER AUTO PARTS CO.



Exhibition Highlights

2021 INTERMACH presents an important platform for business opportunities.</h2>

2021 INTERMACH presents an important platform for business opportunities.

Apr 08, 2021

The 38th edition of INTERMACH presents an important platform for business opportunities. The show features the latest industrial machinery and technology that meet industry's needs today including Automation, Artificial Intelligence (AI), and Robotic Arm technology. There will be advanced machinery technologies that enhance production potential and effectively reduce costs; along with meetings, s...


AMPA 2021 to take place virtually and physically</h2>

AMPA 2021 to take place virtually and physically

Apr 01, 2021

The Taipei International Automobile & Motorcycle Parts & Accessories Show (AMPA) will be held on April 14-17, 2021 at Taipei Nangang Exhibition Hall 1. Supported by the automobile aftermarket industry, the show will take place both virtually and physically, where worldwide industry peers can still meet and get business done from afar. Keeping up with the latest global trend while maintaining t...


Smart City Summit and Expo kicks off, hybrid show boasts pre-covid numbers</h2>

Smart City Summit and Expo kicks off, hybrid show boasts pre-covid numbers

Mar 24, 2021

Taipei Computer Association Chairman Paul Peng said the 2021 Smart City Summit and Expo could reach buyers in over 150 countries through offline and virtual exhibitions. Foreign buyers could make up over 70% of total visitors and bring in 600,000 online viewership. During the show's opening ceremony, Peng said in his remarks that even if the upper half of 2021 is still uncertain due to COVID-1...