LED lighting industry executives have recently expressed their position, as the business inventory is showing signs of decline, the LED lighting industry may usher in the first ray of recovery.

Due to the economic downturn, European consumers’ demand for electronic products is relatively weak, causing the LED lighting industry to fall into a recession.

At the Morgan Stanley Technology, Media and Telecommunication Conference in Barcelona, ​​Spain, the British chip designer ARMCEO Warren. According to Warren East, many ARM-licensed companies have much better inventory than the previous quarter.

Also optimistic is the French chip maker STMicroelectronics CEO Carlo. Carlo Bozotti, who told investors, expects the company to reach its normal sales level in the second quarter of 2012.

According to a survey by Gartner, a global technology research and consulting firm, the negative impact of inventory on the LED lighting industry will continue at least until the end of the year, but demand growth will occur in 2012.

Microchip, a US supplier of MCU and analog LED lighting, announced its third quarter results earlier this month that the fourth quarter of 2011 will be the bottom of the industry's cycle.

The industry believes that consumer demand for smart phones will help the LED lighting industry to recover.

ARMCEO Easter said he expects smart phones to have significant growth in 2012, but also admitted that the recovery of the LED lighting industry will be affected by the economic situation.

The President of ARM is jealous. Tudor Brown stated in Taipei that he expects the LED lighting industry to achieve single-digit growth in 2012.

Market research firm IHSiSuppli has lowered its 2011 global LED lighting market growth forecast from 2.9% in the previous month to 1.2%.

IHSiSuppli said that the depressed economy will continue to affect the outlook of the LED lighting industry in 2012. It is expected that the industry's strong growth will occur in 2013, but it also acknowledges that the LED lighting market may have a second bottom.