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LED chip prices raised by 5-10%
Shortage caused by explosive growth in mini-LED demand
LiDAR market growing at 34% CAGR from $682m in 2020 to $2.9bn in 2025
ADAS/AVs are primary applications
Smartphone production falls a record 11% to 1.25bn units in 2020 as Huawei exits top-six ranking
2021 to see 9% rebound to 1.36bn units, but Huawei to fall from third to seventh
GaN for fast chargers joining SiC in power electronics market, as 5G infrastructure drives GaN RF
5G handsets and Wi-Fi 6 powering GaAs PA growth for RF front-end modules
Power module market growing at 9.1% CAGR over 2019–2025
Packaging sector growing at 10.7% CAGR to $2.71bn in 2025, driven by EV/HEV applications
Horticultural LED revenue to grow nearly 40% in 2020
Legalization of marijuana cultivation plus COVID-19 propel demand
Micro-LED chip revenue to reach $2.3bn in 2024
Growth to be driven primarily by TV and large-sized display integration
Micro-LEDs lighting way for display technologies?
While hindering progress, gaps in the supply chain and manufacturing capabilities present great opportunity
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