2021 LED package market worth $17bn

The LED package market grew 15.4% last year to reach $17.65 billion, says TrendForce. The top three manufacturers accounted for 29.5% of the market. Nichia’s backlight LED business revenue declined due to increasing OLED penetration. However, driven by the rapid growth of revenue in the flash LED, automotive LED, and general lighting markets, overall revenue ...

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