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LED mobile phone market to fall by 2.6% by 2021 due to OLED boom

LED mobile phone market to fall by 2.6% by 2021 due to OLED boom

By BizLED Bureau

July 20, 2016:  Following the OLED boom across the global industry, the market for LEDs used in handsets such as camera flash, backlighting behind the display and keypad illumination, and camera flash, is likely to fall at a compound annual growth rate (CAGR) of 2.6% from 2015 to 2021, according to a IHS report.

Rise of OLED

The industry experts have forecasted that the OLED market for mobile phone displays will increase from 13% to 34% in 2012, owing to heated demands from Chinese companies. LED income for backlighting in handsets was projected at $686 million in 2015. However, by 2021, the market is likely to fall to $455 million,

Mobile phone LED market to fall to 2.6% by 2021 due to OLED boom

Almost each and every mobile phone shipped in 2015 had at least one camera, and 86% of them possessed a secondary camera as well, even though not every camera had flash. The industry analysts believe that the handset flash LED market may decline a little in 2016, owing to smaller number of handset shipments.

LED mobile phone market to fall by 2.6% by 2021 due to OLED boom

Nevertheless, the mobile phone LED market will start to develop again from 2017 to 2020, due to improved penetration of secondary camera flash applications as well as of color LEDs. In addition, it is likely that the LEDs used in handset keypads will decline, however they encompass only a very small fraction of the market.

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