Trade Resources Market View China's LED Package Industry Market Scale Reached US$7.2 Billion in 2013

China's LED Package Industry Market Scale Reached US$7.2 Billion in 2013

Tags: LED, LED Package

 LED package industry market scale reached US$7.2 billion in 2013, up 20% from the year before, according to LEDinside. China has become the largest maker of LED products, and the rapidly increasing LED lighting penetration rate in the nation is driving up LED component demand volume, making China the most contended market among LED package makers. Prior to 2013, the top five companies with the largest market share in China ranked in order were Nichia, Everlight, Cree, MLS Lighting, and Philips, combined they controlled around one-third of the market, said the firm.

China LED package makers began to rapidly develop in 2010 on the back of expanding upstream production capacity and downstream application market. MLS Lighting successfully ranked among the top five makers with the biggest market share in the China packaging market. This made MLS Lighting a leader among China package makers. The company developed fastest among other China makers, with their revenues in the LED component segment growing at a CAGR of 53% from 2010-2013. Other China makers including Refond Optoelectronics, Jufei Optoelectronics, and Changfang Semiconductor Light revenues increased at a CAGR of 30%. Booming downstream application demand volumes became the development foundation for China package makers. LEDinside said it anticipates the current fast growth trend will continue over the next several years.

International package makers' revenues meanwhile totaled US$2 billion in the China market in 2013, an increase of 40% on year due to patent advantages and benefit from the rising lighting market. Japan maker Nichia saw substantial revenue growth of over 70%. The company's revenue share in China increased to 29% while Korea-based maker Seoul Semiconductor also saw considerable growth, with revenues up 80% and an increased revenue share of 19% in China. Other makers including Cree, Sharp, Philips, and Osram recorded steady revenue performances in the China market. Taiwan makers, however, did not share in the success. Aside from Everlight and Harvatek, Taiwan makers' China market revenue share dropped.

Source: http://www.digitimes.com/news/a20140515VL200.html
Contribute Copyright Policy
International LED Package Makers Contend for Market Share in China, Says Ledinside
Topics: Lighting