LED manufacturers have announced their revenues for April lately, with Taiwanese LED chip and package manufacturers Epistar and Genesis Photonics Inc. (GPI) performance outshone other competitors, reported China Times.

Growing downstream demands contributed to the rebounding LED industry market, according to a Sina.com report. Twelve out of 15 listed Chinese LED manufacturers reported high growths in 2014, while only three companies reported sliding revenues.

LED lighting penetration rate has been rapidly increasing recently. After penetration rate surpasses 10 percent, the industry will officially enter the S curve fast growth period, pushing LED lighting into a golden three year development period. 

LED manufacturers are aiming to take advantage of business opportunities arising in the display market due to improvements in RGB LED package technology, increased image resolution, and growing demand driven by the upcoming international sports events. Taiwan LED package manufacturer Harvatek that launched their RGB LED product in 2013 is upgrading package specs from 2020 to 0606. The company’s current monthly production capacity for RGB LEDs is 50KK and projected to expand to 100KK in 2014.

LiteOn global consolidated revenue for October reached NT $19.45 billion (US $66 million), a growth of 9 percent compared with last October. The company’s core businesses including power solutions and camera modules both reached record highs in October. Accumulated global revenue from Jan. – Oct. reached NT $173 billion

San’an Optoelectronics revealed their 3Q financial report on October 30th.