HB-LED market to grow just 8%

The high-brightness (HB) LED market is forecasted to grow just 8% year-on-year to $9bn in 2011 instead of the previously expected $10.6bn, according to market research firm LEDinside (an LED research division of TrendForce). Contributing factors include: weak demand in the backlighting market, and the plummeting LED average selling price (ASP), resulting in over-supply in the LED market. The over-supply situation is likely to remain unchanged in the short-term, reckons TrendForce. In fact, if the inventory level continues to rise and the price declines more than expected, then the HB-LED backlight market might decline further.