Industrial Economics and Knowledge (IEK), a research center of Industrial Technology Research Institute (ITRI), predicts that the worldwide LED component market will continue to grow in the near future, reaching US$27.4 billion in 2018. Lighting remains the strongest segment for LED applications. Its share is increasingly growing and expected to reach US$14.9 billion in 2018, accounting for 54% of the entire LED component market, making it the biggest growth driver.
Amazing Growth in LED Automotive Lighting and LED-illuminated Dashboards
LED automotive lighting is a high-value, high-profit market. As its penetration rate picks up, demands for LED components will follow. According to LEDinside, the automotive LED market is expected to grow at a CAGR of 9% from 2014 to 2018. In particular, the daytime running lamp (DRL) and high-low beam headlight (H/L Beam) will see even higher CAGR's—21% and 48%, respectively. LEDinside also forecasts the LED automotive dashboard lighting market to grow from US$71 million in 2014 to US$130 million in 2018. Of all new cars shipped in 2014, around 9% came standard with LED-illuminated dashboards. This number is expected to hit 14% in 2018, giving a great boost to the LED component industry.
2017 LED Components Pavilion Exhibitors
Focusing on Various LED Topics with Diverse Sessions / Events
In addition to exhibition areas, LED Taiwan also brings a series of sessions on LED component topics to help attendees gain a holistic view on the latest technologies and market trends while also offering chances for attendees to connect with research and development peers in industry!
■ TechSTAGE—Focusing on Industry Trends
Focusing on LED Manufacturing Equipment & Materials, LED Advanced Technologies, and Smart Lighting & Automotive Lighting, TechSTAGE is Taiwan's unique annual LED technology exchange forum, giving attendees a quick look at visionary LED technologies and solutions while allowing you to connect with industry peers and experts. Leading manufacturers will be sharing their views on the hottest trends and topics, from LED applications to manufacturing equipment & materials. Attendees will be able to gain insights on the latest market opportunities and a fuller perspective on the LED market.