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keyword:Joanne Wu43 result(s)

Press Releases
Global Automotive LED Revenue Projected to Reach Nearly US$3 Billion in 2021 Owing to High Demand for Headlights and Display Panels, Says TrendForce

2021/03/25

LED

The COVID-19 pandemic heavily impacted the global auto market and in turn damaged the automotive LED industry in 1H20, according to TrendForce’s latest investigations In 2H20, however, the gradual recovery of vehicle sales as well as the development of NEVs provided some upward momentum for the automotive LED industry, whose revenue for the year reached US$2572 billion, a 37% decline YoY Automotive LED revenue for 2021 is projected to reach $2926 billion, a 137% growth YoY, thanks to the increasing demand for automotive headlights and display panels As automakers continue to incorporate LED lighting solutions into new car models, the penetration rate of automotive LED will continue to undergo a corresponding increase as well TrendForce analyst Joanne Wu indicates that, in the automotive LED player revenue ranking of 2020, OSRAM Opto Semiconductors, Nichia, and Lumileds remained the top three largest automotive LED suppliers, respectively, with a combined market share of 719% In particular, European and American automakers favored OSRAM’s solutions for their high-end vehicle models and NEVs due to the high quality of OSRAM products Adoption by these automakers subsequently became the main revenue driver of OSRAM’s automotive LED business On the other hand, the pandemic caused Japanese automakers to suspend their operations and therefore had a direct impact on the revenues and market shares of Japanese LED suppliers, such as Nichia and Stanley, in 2020 Nichia and Stanley saw their revenues decline by 98% YoY and 7% YoY, respectively, and were the two suppliers among the top 10 last year to have shown relatively noticeable declines Seoul Semiconductor’s nPola and Wicop LED products were adopted by Chinese automakers, including CCAG, SAIC-GM, and NIO, due to these products’ high brightness and compact sizes Seoul Semiconductor’s market share reached 51% in 2020 Finally, not only did other suppliers, including Samsung LED and CREE, deliver consistent performances in the automotive aftermarket (AM) and performance market (PM) segments, but they also gradually began entering the automotive Original Equipment Manufacturer (OEM) lighting market Samsung LED and CREE each took seventh and ninth place on the 2020 ranking with a 28% and 11% market share, respectively On the whole, TrendForce finds that automotive demand has been recovering since 4Q20 Accordingly, LED suppliers indicate that their booking orders appear bullish throughout 2021, meaning most LED suppliers now need to extend their product lead times in response At the same time, LED players indicated that double booking might happen in the near future Thereby, they will make decisions in light of the actual booking order quantity to see the possibility of increasing prices For more information on reports and market data from TrendForce’s Department of Optoelectronics Research, please click here, or email Ms Grace Li from the Sales Department at graceli@trendforcecom

Press Releases
Shortage Caused by Explosive Growth in Mini LED Demand to Result in 5-10% Price Hike for LED Chips, Says TrendForce

2021/01/19

LED

While major OEMs such as Apple and Samsung prepare to release their new notebook computers, tablets, and TVs that are fully equipped with Mini LED backlights this year, various companies in the LED supply chain began procuring Mini LED chips ahead of time in 4Q20, leading to an explosive demand growth for these chips, which in turn crowded out the LED suppliers’ production capacities for other mainstream LED chips, according to TrendForce’s latest investigations Given this structure-wide shortage of LED chips, certain LED chip suppliers have been raising the quotes on chips supplied to non-core clients and chips with relatively low gross margins This price hike is estimated at about 5-10% TrendForce further indicates that companies in the downstream LED supply chain have started to aggressively procure components in order to mitigate the impending price hike on raw materials and shortage of components due to manufacturers’ tight production capacities after the Chinese New Year However, products of certain serial numbers or specifications are already in shortage at the moment, therefore prompting these downstream companies to raise quotes first for small- and medium-size clients who place relatively low-volume orders As for tier one clients who have relatively higher bargaining power, should they reject such a price hike, they would then need to wait for more than two months in lead times, which is significantly longer than the average of two weeks Epistar is currently shipping about 150,000 pcs of Mini LED wafers (4-inch equivalent) per month As Mini LED chips yield far higher gross margins than do traditional LEDs, Epistar has reallocated some of its production capacities for the latter, less profitable products to Mini LED chip manufacturing instead On the other hand, San’an and HC SemiTek are directly benefitting from Epistar’s order transfers In addition to persistently growing demand for traditional LED backlights and RGB LED chips for video walls, San’an and HC SemiTek are also shipping several tens of thousands of Mini LED wafers per month (4-inch equivalent) owing to skyrocketing Mini LED demand Worth mentioning is the fact that HC SemiTek’s product strategy of focusing on LED chips for display applications is paying off noticeably By leveraging its competitive advantage of highly cost-effective products, HC SemiTek’s capacity utilization rates have been fully loaded for two consecutive quarters since 3Q20 On the other hand, about 400,000 pcs in PSS production capacity was suspended last month due to the fire at GAPSS’ fab This incident led to a 5-10% price hike in key upstream LED chip materials including sapphire wafers and PSS, likely to further exacerbate the price hike and shortage of LED chips TrendForce believes that the structural shortage taking place in the LED industry, which led to a price hike for LED chips, can primarily be attributed to the that fact the industry underestimated the production capacity needed for key parts of the supply chain during the infancy of pandemic-related emerging applications, in addition to the corresponding production capacity squeeze, although these issues are expected to be resolved within half a year As well, the downturn experienced by the LED industry within the past few years led to a clearance of excess capacities and subsequently a highly concentrated supply of key materials in the upstream LED supply chain, including sapphire wafers and PSS As a result, the suppliers of these key materials now enjoy increased bargaining power in price negotiations Given the simultaneous increase in material costs and limited material supplies, TrendForce thus forecasts a price hike for LED chips For more information on reports and market data from TrendForce’s Department of Optoelectronics Research, please click here, or email Ms Grace Li from the Sales Department at graceli@trendforcecom

Press Releases
LiDAR Revenue Expected to Reach US$2.9 Billion in 2025, with ADAS/Autonomous Vehicles as Primary Applications, Says TrendForce

2021/01/07

LED

The LiDAR market encompasses such applications as ADAS, autonomous vehicles, industries, deliveries, and smart cities; while these applications are estimated to have driven the LiDAR market to reach US$682 million in revenue in 2020, total LiDAR revenue is projected to further expand to $2932 billion in 2025, a 34% CAGR, according to TrendForce’s latest investigations TrendForce indicates that, with regards to automotive LiDAR applications (ADAS and autonomous vehicles), automakers have continued to release NEVs in spite of the COVID-19 pandemic’s negative impact on the global automotive industry in 2020 Furthermore, these automakers are also equipping ADAS on high-end conventional gasoline vehicles and NEVs alike As an essential component in SAE levels 4-5 autonomous vehicles, LiDAR systems are used by automakers to both build their databases and increase vehicle location accuracy In addition to the aforementioned vehicles, automotive LiDARs are also featured in autonomous buses, robo-taxis, and self-driving trucks Total automotive LiDAR revenue is expected to reach $2434 billion in 2025 At the moment, major automotive LiDAR suppliers include Velodyne, Valeo, Quanergy Systems, Inc, ibeo, Continental, LeddarTech, INNOVIZ, HESAI, LeiShen, and Luminar, while major LiDAR laser suppliers include OSRAM, Laser Components, Excelitas, and Hamamatsu With regards to delivery and logistics, the rising popularity of e-commerce has prompted online vendors and delivery companies to lower their last-mile delivery costs by performing deliveries with autonomous delivery robots, bicycle couriers, and self-driving trucks, thereby leading to an increased demand for delivery robots with self-navigation and autonomous decision-making capabilities Major e-commerce companies that have been promoting these delivery methods include Alibaba, Amazon, FedEx, and Jingdong (also known as JDcom) Likewise, the growth of the industrial automation market has been lackluster due to the pandemic, with most companies having deferred their previous expansion plans in consideration of budgets, although certain companies wary of potential future shortages in human labor are investing additional capital into industrial automation development against the market downtrend Having undergone various deferred developments throughout 2020, the European and North American markets are expected to see surging demand for industrial automation applications starting in 3Q21 On the whole, TrendForce forecasts a $469 million revenue for the industry and delivery LiDAR markets in 2025 Major LiDAR suppliers in these markets currently include SICK, Hokuyo, OMRON, and Velodyne With increasing market demand on ADAS, autonomous vehicles and industrial automation, LiDAR market value will be encouraged by rising LiDAR usage volume For more information on reports and market data from TrendForce’s Department of Optoelectronics Research, please click here, or email Ms Grace Li from the Sales Department at graceli@trendforcecom

Press Releases
Price Hike for Photocouplers Expected for 2021 Given Shortage of Chips and Raw Materials in Upstream Supply Chain, Says TrendForce

2020/12/30

LED

Owing to the rapidly growing demand for EV quick charging poles, as well as the recovering market for consumer electronics and industrial control systems, there has been a shortage of chips and raw materials in the upstream supply chain, according to TrendForce’s latest investigations Therefore, prices for photocouplers, which are an essential component in the aforementioned products, will gradually rise throughout 2021 TrendForce further indicates that, given the overall shortage in the semiconductor market, major photocoupler suppliers, such as Taiwanese LED companies as well as other Japanese, European, and US companies, are planning to increase their quotes for photocouplers in response to the price hikes in photocoupler materials, including infrared LED chips, precious metals, and packaging adhesives For instance, Lite-On has first announced that it will raise its photocoupler prices by about 10-20% in February 2021, while Everlight will soon follow suit As an application of infrared technology, photocouplers contain infrared LED chips and photodetectors and are used as a control device for transmitting electric signals They are primarily used in power adapters for home appliances and consumer electronics, as well as UPS (uninterruptible power supplies) In recent years, the increasing demand for inverters (which are used in quick chargers, EVs, and charging stations) has brought about a wave of demand in the photocoupler market as well In addition, automotive battery management systems and industrial control systems also require the use of high-speed and high-stability photocouplers, in turn representing yet another growth driver for the global photocoupler market Many companies have been gradually looking to participate in the photocoupler supply chain because of several reasons: First, the bullish outlook of the photocoupler market; second, the relative stability of the supply chain; and finally, the difficulty involved in changing photocoupler suppliers once a supplier has been established as an industry partner At the moment, major photocoupler suppliers include Avago (Broadcom), Toshiba, Renesas, Vishay, Rohm, Lite-On, Everlight, and Lightning On the other hand, major suppliers of infrared LED chips used in photocouplers include Taiwan-based companies (Epistar, OptoTech, and TYNTEK), Korea-based LGS, and China-based Sanan TrendForce expects global photocoupler revenue to reach US$1606 billion in 2020 For more information on reports and market data from TrendForce’s Department of Optoelectronics Research, please click here, or email Ms Grace Li from the Sales Department at graceli@trendforcecom

Press Releases
Total VCSEL Revenue Expected to Reach US$1.8 Billion in 2021 Owing to Integration of 3D Sensing and 5G, Says TrendForce

2020/09/01

LED

In early 2020, TrendForce forecasted the release of more than 10 high-end smartphone models equipped with 3D sensing solutions this year, which would drive up 3D sensing VCSEL revenue* to US$1404 billion However, as the COVID-19 pandemic put a damper on global smartphone shipment, and the Indian consumer market exhibited strong demand for entry-level and mid-range smartphone models, smartphone brand vendors have subsequently slowed down their pace of integrating 3D sensing solutions into high-end models TrendForce is revising its forecasted 3D sensing VCSEL (for mobile devices including smartphones and tablets) revenue down to $1207 billion for 2020, a 12% increase YoY TrendForce analyst Joanne Wu indicates that 3D sensing functions have become an indispensable part of flagship models as smartphone brand vendors engage in a spec war in this product segment 3D sensing is mostly integrated into the rear cameras; its primary applications include range finding, background blur, 3D object detection, spatial modeling, and Augmented Reality In the future, 3D sensing functions are expected to be paired with 5G connectivity, in turn becoming a standard feature of high-end phones Total revenue for 3D sensing VCSEL is projected to reach $1842 billion in 2021, a 53% increase YoY The current dominant suppliers of 3D sensing solutions include ams, Finisar, OSRAM, II-VI Incorporated, Lumentum, Sony, VPEC, LITE-ON, AWSC, Win Semiconductors, etc 3D sensing applications in the consumer electronics market include such functions as structured light, ToF (time of flight), and active stereo vision In particular, ToF functions are integrated into a wide variety of applications owing to their fast response times and long range At the moment, Apple and Samsung have each integrated ToF functions in their respective products, such as iPhone and iPad Pro for the former and S20+ and S20 Ultra 5G for the latter In addition, direct ToF sensors are more power-efficient compared to other 3D sensing solutions The integration of 3D sensing with 5G connectivity is expected to deliver a more interactive experience for users of mobile devices through functions such as gesture control-enabled AR Other possible 3D sensing applications are AR-assisted interior design, home renovation, home additions, and even integration with video games 3D sensing solutions may even see cross-industry commercial opportunities in the future *Note: 3D sensing VCSEL revenue in this calculation primarily includes whole IR transmitter (TX) units of 3D sensing model

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