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Global LED Chip and Module Market to Witness a Pronounce Growth During 2023
Epi/chip. Epitaxy refers to the process of evolving a wafer (sapphire or SiC, for instance) by depositing epitaxial layers on the wafer using MOCVD. Creating the epitaxial layers is the most critical and capital-intensive step in LED manufacturing. After additional wafer processing to create the metal connection, the wafer is cut up ("diced") into chips. Although it can be used for different applications, the quality requirements (mainly efficacy) of the epi/chip differ by application.
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Global LED Chip and Module Market: Forecast by Type / Application / Region
LED backlight market demands fell short of expectations, which caused sliding ASP of LED chips and LED package. This trend has been markedly observed during second half of 2015, when LED chip and package prices sharply plunged to the point that some LED chip and package spec prices are now close to material costs. Many manufacturers have incurred losses as a result. Even though manufacturers in the LED industry are being pressured to lower prices in the short term, in the long run there will be limited room for further LED price cuts. This can be explained by the growing number of manufacturers withdrawing from the market in the near future, as LED prices is close to manufacturing costs and reduce companies’ profitability.
Chinese LED companies listed on the A stock have been acquiring international manufacturers through issuing shares on the market, or after receiving government financial support. Some Chinese manufacturers are targeting major international LED players’ patents and lighting brands, in hopes of strengthening their patent portfolio and oversea distribution channels. Additionally, more ChineseLED manufacturers are also transforming their business models. Some LED manufacturers aiming to leave behind hotly contended red sea markets are entering other market sectors through mergers and acquisitions.
Over the next five years, LPI(LP Information) projects that LED Chip and Module will register a 5.1% CAGR in terms of revenue, reach US$ 48600 million by 2023, from US$ 36100 million in 2017.
Global LED Chip and Module Market: Key Players
Epistar
San’an Opto
Cree
OSRAM
Samsung
Toyoda Gosei
Seoul Semiconductor
Philips Lumileds
ETI
LG Innotek
NiChia
HC SemiTek
Lextar
Lattice Power
OPTO-TECH
Tyntek
Genesis Photonics
Formosa Epitaxy
Changelight
Aucksun
TongFang
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Related Information:
United States LED Chip and Module Market Research Report 2018
Europe LED Chip and Module Market Research Report 2018
North America LED Chip and Module Market Research Report 2018
Asia-Pacific LED Chip and Module Market Research Report 2018
China LED Chip and Module Market Research Report 2018
EMEA LED Chip and Module Market Research Report 2018
Global LED Chip and Module Market Research Report 2018
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