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The global high brightness LED market scale reached US $14.4 billion this year and is estimated to increase to US $16.6 billion by 2018, with a compound growth rate of 4%, according to “2014 LED Supply and Demand Data Base” by LEDinside, a LED research division of TrendForce. The LED package market value for lighting application will reach US $4.88 billion and maintain market share of 34%.
Taiwan-based manufacturers Epistar and FOREPI today announced merge plans. Through conversion of shares, FOREPI will become a 100 percent fully owned subsidy of Epistar. The trend of acquisitions within the LED industry will continue in 2014, observed LEDinside, a research division of TrendForce. Epistar’s merger with FOREPI will improve production capacity, cost management, as well as client and product integration. After the merge, the two companies will also be able to jointly resist market threats from Chinese LED chip manufacturer San’an Optoelectronics (San’anOpto).
Strong LED market demands this year have led to patterned sapphire substrate (PSS) manufacturers expanded production capacity, according to “2014 Global Sapphire Substrate Market Report” by LEDinside, a LED research division of TrendForce.
Chinese LED package manufacturers sales performance in 2013 was mediocre, the LED package market value was up slightly by 16 percent due to plunging prices, according to the latest “2014 Chinese Package Industry Market Report” by LEDinside.
Apple’s iWatch to be released in late 2014 will be using sapphire watch covers, according to the latest report “2014 Global Sapphire Market Report”by LEDinside, a research division of TrendForce. iWatch sapphire watch covers are expected to account for six percent of global sapphire market demands, the research organization projected.