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keyword:Allen Yu44 result(s)

Press Releases
TrendForce Reports 39% of 2014 Chinese LED Package Market Went to General Lighting Sector with MLS Leading Domestic Companies

2015/07/22

LED

The scale of the Chinese LED package market grew 19% year on year to US$86 billion in 2014, according to the 2015 Chinese LED Industry Market Report by LEDinside, a division of TrendForce The growth of the Chinese LED package market will slow down in the next few years as LED prices continue to fall Its market scale is forecasted to grow at a five-year CAGR of 9% from 2014 to 2019, when it will reach US$13 billion The general lighting sector will be the main growth sector, whereas LED display and LED backlight sector will post slower growth and even decline in some periods  According to LEDinside's analyst Allen Yu, LED package for lighting application represented 39% of the Chinese LED package market in 2014 The market scale of LED package for lighting application in China also reached US$33 billion that year The lighting market has become the largest LED application in the country “The increasing LED lighting penetration in industrial and commercial lighting applications has helped the rapid growth in lighting LED products,” said Yu LEDinside expects strong growth in the lighting LED market to continue as LED lighting products penetrates the residential lighting application market  Based on LEDinside’s report, the top five domestic LED package companies in the 2014 Chinese general lighting sector were (in order) MLS, Honglitronic, Changfang, NationStar and Refond Furthermore, the 10 companies listed in the ranking below accounted for only 24% of the market share, indicating low market concentration in China’s general lighting sector  Yu added: “The main factors behind this relatively fragmented market situation are low market entry barrier and varied qualities of downstream products However industry consolidation gradually will pick up its pace as technologies matures and the LED general lighting sector enters a period of capital and scale competition The dominant companies will therefore become stronger while smaller companies drop out”  China is currently the main global manufacturing base of LED lighting products, and OEMs/ODMs of brand vendors such as Philips Lighting, Osram Licht AG and IKEA are setting up factories there The development surge in the LED lighting industry is driving the ongoing expansion of the Chinese market demand Therefore, leading LED package manufacturers, such as Japan’s Nichia and Taiwan’s Everlight, are also proactively developing the country’s general lighting application market  Consequently, the Chinese government has given strong support to the domestic LED industry For the LED chip manufacturing in the upstream, the state has provided various subsidies In the downstream market, major Chinese cities are driving the LED replacement demand and launching demonstration projects In sum, state support in the upstream manufacturing and the increasing penetration of LED products in the downstream markets fuel the development of the Chinese LED package industry Led by MLS and Honlitronic, China’s domestic LED package companies are experiencing a rapid rise and will continue to enlarge the scale of their enterprise as well as establishing a strong market position 

Press Releases
TrendForce Reports Nichia Took Top Spot in China’s LED Package Market in 2014 While Cree Fell to No. 4

2015/07/09

LED

According to its 2015 Chinese LED Industry Market Report, LEDinside, a division of TrendForce, finds the scale of the Chinese LED package market for 2014 reached US$86 billion and grew by 19% annually The general lighting market has been the main driving force, and the rising market penetration rates of commercial and residential LED lighting products has been fueling China’s growing demands On the other hand, demand in the medium- and large-size LED backlight sectors have fallen due to technological advances that has reduced LED usage The downturn in medium- and large-size LED backlight sectors has also been attributed to the LED TV’s easing demand growth The small-size LED backlight sector, however, has seen strong demands owing to Chinese smartphone brands, which have steadily gained market shares Moreover, recent developments in the fine pitch LED display has become the newest technological breakthrough that will energize the small-size LED backlight sector LEDinside therefore expects the demand growth of LEDs for fine pitch displays to accelerate in the next two years  “China has become the target market for competing LED package companies around the world,” said LEDinside analyst Allen Yu, “In 2014, the global top 10 LED package enterprises took 456% of the Chinese package market, showing a yearly market share increase of 2% The restructuring of the industry has been ongoing and its concentration ratio has also been gradually rising”  Based on LEDinside’s ranking of LED package companies for 2014, Nichia and Everlight maintained their first and second positions MLS climbed to No 3 and was followed closely by Cree and Lumileds ranking respectively at No 4 and 5  In 2014, the international LED package companies (excluding those based in China and Taiwan) earned a combined revenue of US$235 billion from the Chinese package market Their revenue from the Chinese market had a year-on-year growth of 17%, which significantly less than the 40% year-on-year growth in 2013 This comparison shows that the international manufacturers have experienced a noticeable slowdown in their businesses The international companies supply products mainly to developed markets such as Europe and the US, where their technology, brand and patent advantages have helped them gain greater market shares in the high-end product markets Recent developments in the industry, however, indicate that the international companies are losing these superiorities and ceded market shares in the US and Europe to Chinese and Taiwanese competitors Recent developments in the industry, however, indicate that these international companies are losing these advantages, and are losing market shares in US and Europe to Chinese and Taiwanese competitors  The annual revenue growth of all Taiwanese LED package companies in the Chinese market for 2014 was 16%, standing at US$740 million This was a significant turnaround from the negative 1% growth for 2013 In the past, Taiwanese manufacturers were in a rather difficult position in the global LED market due to unapparent cost/performance (C/P) advantages of their products and impact from Chinese rivals These unfavorable conditions forced some of them to turn to new strategies in 2014, such as launching high-quality, economical products with high C/P ratios Everlight and Unity Opto, for example, are two Taiwan-based companies that have made these adjustments and consequently have done well in China’s LED backlight market  Chinese LED package companies are quickly catching up to their competitors Their annual revenue increased 21% to US$549 billion in 2014, outpacing Taiwanese and international competitors in revenue growth rate First-tier Chinese manufacturers particularly benefitted from rapid growth in their home market, Southeast Asia and other emerging markets Examples include MLS, Nationstar, Honglitronic, Jufei and Refond, which all reported over 30% year-on-year revenue increase for 2014  “For Chinese LED companies, technologies and patent issues are presently the main barriers standing between them and the high-end product markets in the US and Europe,” Yu noted “These problems can be overcome by collaborating with major international manufacturers, as in the case of Refond and Jufei sealing an agreement with Toyoda Gosei this January to obtain the latter’s white-light LED patents” With the goal of gaining market access in US and Europe, more Chinese package enterprises will soon join forces with foreign counterparts in areas concerning technical expertise and IP assets 

Press Releases
Chinese Manufacturers Hot on Nichia Heels in LED Package Market, says TrendForce

2014/08/11

LED

The quickly spreading LED lighting market has attracted international manufacturers to enter China’s LED package market, according to the latest “China’s LED Package Industry Market Report 2014” by LEDinside, a subdivision of global market research organization TrendForce In 2013, the Chinese LED package market value was up 20% Year-on-Year (YoY) to US$72 billion Top 10 ranking manufacturers in the industry clinched a combined market share of 436% Japanese LED manufacturer Nichia firmly held onto its number one title in the Chinese market, while Chinese manufacturer MLS Lighting was the fastest riser, having grabbed fourth position, and demonstrated revenue growth of nearly 70% compared to 2012  “The Chinese LED packaging market can be split into three major categories—international, Taiwanese and Chinese manufacturers”, said LEDinside Analyst Allen Yu Pressured by competing global vendors and domestic Chinese manufacturers, Taiwanese manufacturers market share in China has gradually declined As a result, the LED package market in China has mostly become a race between international and local Chinese manufacturers “International manufacturers will still be able to maintain fast growth in the Chinese market because of patent and technology advantages, but Chinese manufacturers are more likely to succeed in the long run,” noted Yu As Chinese manufacturers will become even more cost competitive and be able to further expand market shares, they will be able to upgrade manufacturing technology In response, international manufacturers have set up manufacturing bases in China, and are actively searching for OEM suppliers to strengthen their business development strategies  Major international manufacturers in China include Nichia, Cree, and Philips Lumileds These companies are global leaders in LED patent strategy deployment and technology LED products made in China by these manufacturers are mostly shipped to Europe and North America, where there are stringent safety standards, product standards, and patent issues From this standpoint, global LED suppliers have a better competitive edge In the light of rebounding European and US markets, global manufacturers’ performance in the Chinese market have grown exponentially In 2013, international manufacturers LED package market revenues in China increased 40% to US$20 billion, with Nichia and Seoul Semiconductor annual revenues growth even exceeding 80%  Even though the Chinese LED industry took off much later than other regional markets, and local manufacturers still fall behind global players when it comes to technology and patents, Chinese manufactures have advantages in the local supply chain and manufacturing Strong government support has boosted China’s upstream LED chip industry growth, which has spurred package industry developments Moreover, emerging markets growing LED lighting markets have also created new business opportunities for Chinese package manufacturers Additionally, MLS Lighting, Refond Optoeletronics, Jufei Optoelectronics and other Chinese LED package manufacturers have evolved quickly “Chinese package manufacturers market value was up 15% YoY to US$45 billion in 2013,” said Yu  For the Taiwanese camp, main players include Everlight, Lextar, Unity Opto and others that acquired good market positions in China during earlier phases of the industry Yet, the rise of global and domestic Chinese manufacturers caused Taiwanese manufacturers’ revenues to decline 1% YoY in 2013 to US $640 million In general, Taiwanese manufacturers’ revenues showed a downward trend, but manufacturers including Everlight and Lextar still delivered stellar performance Currently, Taiwanese manufacturers are adjusting product strategy to meet Chinese market demands with the aim of ensuring the Taiwanese camp can become a main party in the Chinese LED package market in the near future, added LEDinside 

Press Releases
Chinese LED Lighting Package Manufacturers on the Rise, Analyzes TrendForce

2014/06/19

LED

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, a research division of TrendForce As can be seen from each application market, display-use LED component market demands clearly declined as a result of easing market growth and falling prices In addition, backlight-use LED component, which currently have a saturated market demand, will have limited growth as technology improvements bring down usage volume Chinese package manufacturers growth was mainly driven by lighting-use LED components In 2013, lighting-use LED component market share surpassed 40 percent making it the sector with the largest market demand in the Chinese LED package industry  Graph 1: Distribution of Chinese LED package component application in 2013 Source: LEDinside Manufacturers with their main business in lighting-use LED components such as Honglitronic, ChangFang Light, MLS Lighting and others, showed a clear growth in their lighting-use LED component business in 2013 Last year, Honglitronic and ChangFang Light’s revenue increased 39 percent and 41 percent respectively Refond Optoelectronics, who focuses on mid to large sized backlight LED market, saw an increase of 84 percent in lighting-use LED sales performance Small size backlight manufacturer Jufei Optoelectronics’ lighting-use LED component revenue also grew 84 percent  Rapid upstream chip industry development has been the propeller behind the fast emerging Chinese package manufacturers, due to low-priced LED chips and geographical advantages where local LED package manufacturers have the advantage of being close to local resources Ample manufacturing resources and factory distribution gives Chinese downstream lighting industry an advantage in cost and manufacturing During the first half of 2014, San’an Optoelectronics (San’an Opto), HC SemiTek, and Tongfang utilization rates reached full capacity of 100 percent ElecTech also saw an increase and estimates remaining MOCVD will be put into production during the second half of 2014 Over the next few years, San’an Opto, HC SemiTek and other large Chinese chip manufacturers will continue to expand production capacity Among them, San’an Opto plans to introduce another 200 MOCVD sets by 2018, expanding production capacity mainly for lighting applications    

Press Releases
San’an Opto and Epistar Combined Take More than 50% of China’s LED Chip Market Share

2014/05/20

LED

TrendForce: San’an Opto and Epistar Combined Take More than 50% of China’s LED Chip Market Share LED chip market scale reached RMB 9 billion (US$145 billion) in China in 2013, a YoY of 16%, according to the latest “2014 Chinese LED Package Industry Market Report” by LEDinside, a research division of TrendForce  Spurred by lighting market growth momentum, LED chip market demand further increased resulting in expanded market size However, continual price drops caused LED chip market revenue growth to lag behind market volume demands Certain LED chip manufacturers in the market will fail to increase revenue and profit even after expanding production capacity  Fig 1: LED Chip Market Size in China from 2012-2013 Source:LEDinside Chinese LED chip market’s industrial concentration continues upward climb with San’an Opto and Epistar making up more than half the market San’an Opto and Epistar’s combined LED chip market share in China is about 51%, according to data compiled by LEDinside San’an Opto’s revenue share constitutes more than 40% of Chinese manufacturers’total revenue, while Epistar’s LED chip revenue is a staggering 80% of imported Taiwanese LED chips in China  Manufacturers continue to encounter difficulties in raising profitability, with many small to mid-sized manufacturers caving under financing pressure Some small to mid-sized manufacturers have exited the market, due to difficulties in maintaining client relationships, and lack of technological breakthroughs San’an Opto, a representative of large manufacturers, is currently actively expanding production capacity Accompanying industry developments, Chinese LED chip market’s industrial concentration will continue to rise  LED chips are a principal component in LED packaging, and are playing an increasingly important role Other technical innovations in auxiliary materials including lead frame (EMC/PCT lead frame), phosphor powder (remote phosphor) and adhesives have also significantly impacted LED package industry’s technological developments In addition, market observations clearly indicate the emergence of Chinese package auxiliary material manufacturers, with rapidly expanding market shares  Fig 3 2013 Chinese chip market share analysis  <span 16em;"="">Source:LEDinside

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