LED TV backlight market value drops 18% YoY

According to the LED research arm of TrendForce, the global market value of high-brightness LED this year reached only an estimated $9 billion instead of $10.6 billion, as previously expected. LEDinside stated that the measly YoY eight percent increase was due to the backlight markets weak demand and the plunge in LEDs average selling price, resulting in LED market oversupply. TrendForce predicts that the excess supply situation is likely to remain, and in fact, if the inventory level continues to rise and the price declines more than expected, high-brightness LED backlight market value might decline further.