LED market saturation to drive industry to seek profits in new applications in 2016, says LEDinside

According to LEDinside, LED makers had an especially tough year in 2015. "Despite rising LED lighting market demand and the large scale replacement of traditional lighting products, the oversupply situation has caused the LED ASP to plunge 30-40% year on year," said Roger Chu, research director for LEDinside. "Growing number of makers have incurred heavy losses and exiting the market."

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