LED Component Market in Taiwan 2015-2019
About LED Components
LED components are constituent parts of LED panels. The value chain of LED components includes epi-wafer, grain, package, and module. The issue of global warming is gaining importance and reduction in energy consumption is being emphasized upon. LEDs are energy efficient as they consume very little energy compared to conventional lighting systems. Technavio's analysts forecast the revenue of the LED component market in Taiwan to grow at a CAGR of 8.2% in terms of revenue during the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of LED component market in Taiwan for the period 2015-2019. To calculate the market size, the report considers revenue generated from sales of LED components in the region. The report also covers the LED industry and its value chain across various countries including Taiwan.
Technavio's report, LED Component Market in Taiwan 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of LED component market in Taiwan and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – LED Component Market in Taiwan 2015-2019
Technavio recognizes the following companies as the key players in the LED Component Market in Taiwan: Everlight Electronics, Epistar, Huga Opotech and Lite-On Optoelectronics
Other Prominent Vendors in the market are: Kingbright, Taiwan Semiconductor Manufacturing, Techcore, Lextar Electronics and Optotech
Commenting on the report, an analyst from Technavio’s team said: “The enhancements in LED lighting, such as low power consumption and increased conductivity, have been possible because of efficient LED components. The latest technologically advanced LEDs incorporate enhanced products with features such as low energy consumption and high conductivity. This is expected to boost the sales of LED components over the next 5 years. For example, the average luminous efficacy of high-end products is about 150 lm/W, but technologically advanced LEDs have a luminous efficacy of more than 170 lm/W. However, vendors in Taiwan are trying to develop products that have more efficacy.”
According to the report, high power LED components with high efficiency and high CRI are primarily manufactured in Taiwan. The country possesses the first mover advantage. Other factors such as low entry barriers (the country has lenient laws and regulations) and the easy availability of capital also contribute to market growth. Currently, the region produces the majority of LED components in the semiconductor industry.Further, the report states that China poses a major threat to LED component manufacturers in Taiwan because of the ultra-low cost of production owing to the adoption of low pricing strategies in the LED chip sector.
Everlight Electronics, Epistar, Huga Opotech, Lite-On Optoelectronics, Kingbright, Taiwan Semiconductor Manufacturing, Techcore, Lextar Electronics, Optotech