2018 has proven to be a difficult year for many LED manufacturers: the industry as a whole was burdened with the weight of oversupply, and the US-China trade dispute caused end demand to stagnate. This led to a less-than-expected business performance for LED manufacturers in general. According to the LED Industry Demand and Supply Data Base report by LEDinside, a division of TrendForce, LED packaging revenue in 2018 reached US$ 18.4 billion, a mere growth of 3.1 % over 2017.
LEDinside Research Director, Roger Chu, points out that revenue rankings for the top ten LED packaging manufacturers did not change by much from 2017: Nichia, Osram and Lumileds continued to be the top three dominators, while Taiwan's Everlight and Lite-On and China's MLS and NationStar remained within the fold. Yet, judging from the revenue scale of each respective company, only Seoul Semiconductor performed better among the top ten. Other manufacturers generally had flat or declining revenues.
Apart from the trade dispute affecting market demand for end products, analyses show the main reason of falling price pressure was caused by overall oversupply in the industry, which further dragged supplier revenues down. LEDinside observes that China's inland cities have provided all sorts of subsidies to attract investments from LED packaging suppliers, leading to a wave of expansion in production capacity. Many LED packaging suppliers made large reductions in prices upon expansion and even fought eagerly for orders from first-tier manufacturers to consume idle capacity. This led to explosive revenue growth for many second-tier LED manufacturers, but revenue stagnation for major first-tier manufacturers.
Some manufacturers did, however, perform excellently. One such example is Seoul Semiconductor, whose backlights and automotive lightings made their way into the supply chains of big clients, and whose revenue continued to grow. Lite-On, on the other hand, performed well in infrared LEDs and automotive lightings.
End demand will finally recover as the US-China trade dispute calms down in 2019 looking forward. When customer confidence returns, we may see a demand for replenished inventories. LEDinside therefore predicts overall LED packaging revenue to hit US$19.9 billion, an 8.2% growth YoY over 2018.
LEDinside Gold+ Member Report
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1. LED Industry Demand and Supply Data Base- Backlight / General Lighting / Architectural Lighting / Automotive Lighting / Digital Display / Projection & Horticultural Lighting / UV LED / IR LED / μLED Mini LED Applications
2. LED Player Revenue and Capacity- Chip Market and Player Capacity & Revenue / Package Market and Player Capacity & Revenue / LED Player Revenue Ranking in Each Application
3. LED Industry Price Survey- Sapphire / Chip / LED Package (Backlight / Lighting / Automotive / Digital Display / UV LED / IR LED)
4. LED Industry Quarterly Update- Major LED Player Quarterly Update (EU, US, Japan, Korea, Taiwan, China)
5. Micro / Mini LED Market Prospective Analysis- Player Movement, New Technology, Display Week 2019 / Touch Taiwan 2019 Exhibit Report
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Report Name
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Content
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Format
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Release
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LED Industry Demand and Supply Data Base
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Demand Market Forecast:
2018-2023 Demand Market Forecast
(Projection and Display / General Lighting / Architectural Lighting / Automotive- Passenger Car & Box Truck / Digital Display / SSL Like / UV LED / IR LED / Micro LED & Mini LED)
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PDF / Excel
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1Q (February) / 3Q (August)
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Supply Market Analysis:
1. Chip Market Revenue (External Sales, Total Sales)
2. WW new GaN & AlInGaP MOCVD Chamber Installation volume / WW Accumulated GaN & AlInGaP MOCVD Chamber Installation
3. GaN & AlInGaP Epi Wafer Market Demand (Total / By size)
4. GaN & AlInGaP Sufficiency
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LED Player Revenue and Capacity
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LED Chip Market Analysis:
Top 10 Chip vendors' MOCVD installation, wafer capacity, and revenue
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PDF / Excel
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2Q (May) / 4Q (November)
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LED Package Market Analysis:
LED package vendors' revenue and LED revenue, and Capacity
Top 10 LED package revenues in Backlight, Lighting, COB, Automotive, Display, UV LED and IR LED
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LED Industry Price Survey
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Price Survey- Sapphire & GaAs Substrate / Chip / LED Package (Backlight, Lighting, Automotive, Digital Display, UV LED / IR LED, VCSEL)
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Excel
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1Q (February) / 2Q (May) / 3Q (August) / 4Q (November)
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LED Industry Quarterly Update
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Major Players Quarterly Update
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PDF
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1Q (February) / 2Q (May) / 3Q (August) / 4Q (November)
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EU- Signify (Philips Lighting), Lumileds, Osram Licht AG, and Osram OS
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US- Cree
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ML- Dominant
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JP- Nichia, Toyoda Gose, Citizen, Stanley, and Rohm
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KR- Samsung, LG Innotek, Seoul Semi, and Lumens
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TW- Epistar, Opto Tech, Epileds, Everlight, Lextar, Lite-on, AOT, Unity-Opto, Harvatek, and Brightek, High Power Lighting, Kingbright
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CN- San’an Opto, Changelight, HC SemiTek, Aucksun, ETi Nationstar, Hongli, Refond, Jufei, MTC, ChangFang Lighting, MLS
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Micro / Mini LED Market Prospective Analysis
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Player Movement, New Technology, Display Week 2019 / Touch Taiwan 2019 Exhibit Report
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10-15 Pages PDF
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March, June, September 2019
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Further information, please contact:
CN
TW
EN
