LED will illuminate China in 2011
Light-emitting diode (LED) is very hot in China. According to our company's analysis, the Chinese LED market is still very young, and the Chinese government is investing heavily in the technology.
Compared with the United States and Taiwan, the LED manufacturers of mainland fall behind in technology and capability, and are lack of experienced management team and R & D engineers. They are also lack of the core and the intellectual property (IP) on the upstream part, such as MOCVD equipment and LED wafer. However, the Chinese LED manufacturers can obtain sufficient funds from the government, so that recenty they can grasp the enormous final demand on LED with this advantage.
Dispersed LED Market：
:Chinese LED market is covering many application areas, including LED displays, street lights, commen lighting, traffic signals, mobile phone keyboard and digital camera flashlight, and large-size LCD TV sets, laptops and other backlight of display. Totally, China LCD backlight market will increase strongly, i the sales amount will increase to 1.2 billion in 2014 from 468 million in 2010, the compounded annual growth rate is 25.7%.
In addition to a variety of applications of the LED, general lighting is one of the new long-term driven factors on the demand. Because of the global emissions trends, the general lighting market will increase the demand for LED, which is low power consumption and good for the environment.