- The key vendors in the LED component market in Taiwan 2015-2019 are Everlight Electronics Corp., Epistar Corp., Huga Opotech Inc., and Lite-On Optoelectronics.
London, 2 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the LED component market in Taiwan 2015-2019. The increase in the efficiency of LED lights is a significant trend observed in this market. Latest LEDs are highly energy efficient and have high conductivity. These traits help to reduce the consumption and will in turn boost the sale of LEDs during the forecast period. This market is expected grow at a CAGR of 8.2% during the period of 2014-2019.
The recent increase in the demand for LEDs from the lighting, automotive, and industrial segments will drive growth in this market. Multiple local and international vendors are now developing UV and IR LEDs, which will boost the demand for LEDs globally. Also, recent government initiatives to develop the semiconductor industry on a global scale will in turn subsidize the LED market.
“LED chips operate at a voltage that is lower than the power supply voltage. Vendors are trying to develop LED chips that can operate at the voltage of the power supply in order to increase sales,” says Faisal Ghaus, Vice President of Technavio Research.
“Therefore, it can be expected that the development of HV LEDs will boost market growth. For example, the Taiwanese company Epistar has already begun developing HV LEDs. The size of these HV LEDs can also be customized.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
