On August 3, key updates emerged across the LED industry. Shanghai Industrial Technology Research Institute (SITRI) and Unigroup Optoelectronics signed a strategic cooperation agreement to jointly develop high-speed MicroLED optical interconnection solutions targeting high-bandwidth, low-power-consumption transmission for AI computing clusters. This marks the expansion of MicroLED technology beyond displays into optical communication.
Meanwhile, market research firm Market Research Future released its latest forecast. The global LED lighting market is expected to reach USD 119.04 billion in 2026 and surpass USD 201.12 billion by 2035, supported by energy-saving policies, smart city construction and lighting retrofits.
In the upstream supply chain, Lite-On Technology posted a sharp profit surge in Q2 2026 driven by demand for industrial LED components from AI data center infrastructure.
Market segmentation remains evident. Demand for conventional outdoor LED billboards faces headwinds amid rising raw material costs. By contrast, COB fine-pitch displays, MiniLED premium conference screens and immersive cultural tourism screens maintain steady demand with better profit margins. Industry insiders expect domestic LED engineering orders to pick up starting August, as competition shifts from price wars to integrated solutions and product quality.