BEIJING, June 28 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, forecasts China's LED industry development.
Beyond the impact of the global economic downturn in 2009, the IT and semiconductor industries have experienced a sharp decline since 2001. An LED is a typical semiconductor device, and the overall semiconductor industry in a recession. The LED industry in China, however, improved in 2009, and has become the product highlight of the semiconductor industry.
For Chinese LED industry future development opportunities to be seen, the favorable factors as follows:
First, market demand will drive rapid technological development; production costs will drop substantially; LED lighting applications will be huge; business opportunities will be unlimited. In 2009, LED lighting was being promoted globally. At present, LED lighting now has applications in automotive lighting, street lighting and corridor lighting with comprehensive application and promotion. LED technology is accelerating the pace of progress in product performance, which is increasing year by year. Product cost has dropped 30% per year, which greatly increases the chance LED lighting may replace traditional lighting, and then the world will welcome new era of lighting. At the same time, small and medium size LED backlights lead to field development of large-size LCD backlights. It is expected that with the popularity of LCD TVs and large-size LED backlights' wide variety of applications, its market demand will experience growth.
Second, the global industry growth promotes emerging countries and regions. With continued market development, LED business volume grew rapidly, and business competitiveness pressure increased. In order to enhance its competitiveness, the global LED industry offered opportunity for emerging market. The high-end supply chain areas such as Japan, the United States, Europe, Taiwan and South Korea will gradually see the related industrial chain transfer to mainland China and Malaysia and other emerging markets; this will offers new opportunities for China's LED industry development.
Third, the state will continue to support the LED industry development. In addition, green energy, carbon and environmental protection concepts have been widely accepted by people, which will also help China's LED industry development. However, seeing the opportunities for future development, it also should be noted that the future development of China's LED industry will also face challenges: lack of core high-end patents, core technology and irregular standards will also affected the future of China's LED industry.
LED light source will remain the primary direction for development, as well as cost cutting, and power LED packaging technology will also be improved.
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