LED rapid development capacity tight short term slow

Within three years to see the large size LCD panel backlight market. 2009 is the first year of the LED TV backlight, the global LED TV penetration of less than 10%, in 2010 the market is expected to exceed the development, resulting in tight supply of LED, in the next few years, LED TV penetration will accelerate the upward trend. Displaysearch is expected to 2013 LED penetration will reach more than 70%, then the number of demand of LCD panel backlight will reach 80 billion, the market scale will exceed $10 billion, if the future penetration rate reached 100%, in 2012 the panel productivity calculation of the required number of LED backlight will be more than 110 billion, the market scale will reach $13 billion.

The amount will be ahead of the arrival of the lighting market. Technical progress makes the initial cost of the LED lamp is decreasing, while the total cost of the lamp is significantly lower than other light sources. In countries banned incandescent lamp under the policy, the short term energy-saving fluorescent lamp benefit more than LED, but the fluorescence mercury containing harmful elements in waste disposal, environmental problems, so we determine the general lighting market don't have to replace the incandescent lamp fluorescent lamp to the future, LED lamp to replace the fluorescent lamp steps but, LED lights directly replace incandescent lamps in LED general lighting market penetration schedule can greatly advance. Taking into account the decline in prices, the conservative estimate of LED lighting penetration reached 15% in 2015, the relevant market size will be more than $50 billion!

Subject to equipment supply and talent in place, the global production capacity continues to be tight. LED market is expected to make the development of MOCVD suppliers AIXTRON and Veeco expansion plans were made, but in fact the actual production of the two manufacturers will be determined by the final demand of the market. We in the judgment of the equipment is currently in the monopoly case, the two companies will soon catch up with production capacity, this is because the expansion cycle is subject to resource of the enterprise itself and the extension, on the other hand, as a monopoly, high profit market demand brings worth keeping, the supplier may according to the actual output control the rhythm of the market. In addition, although the rapid expansion of equipment factory in 2010, but upstream of LED sapphire and SiC substrates expansion did not keep up, leading to the substrate material prices continue to rise, LED chip prices, although the substrate manufacturers began to expand capacity from the second half of the year, but also from the import needs time to output. Therefore, in 2011 the global LED production capacity is likely to continue tight.

Advantage of domestic manufacturers is the local advantage. Domestic manufacturers in the large-size panel backlight, the lack of market blank limited temporary good consistency in product production capacity and the lower panel and the LCD module of the channel, it is expected that this situation will continue until 2012, after mass production with the domestic LCD panel 6 generation line, 8 line and module manufacturers, downstream channels to achieve substantive breakthrough. Another two years after the domestic LED chip manufacturers production capacity and technical progress will be echoed with the mainland LCD panel industry. The domestic lighting market will benefit from the local government on the promotion of LED and subsidies to enterprises, local manufacturers have bigger and stronger external conditions of local businesses, not only the lighting market "cake" is large enough, but also can enjoy priority "".

In the choice of listed companies on the subject, we choose to be able to directly or indirectly benefit from rapid growth in the past two years, the company has achieved remarkable results LED. Need to pay attention to with the bigger signs of LED leading Sanan Optoelectronics Technology; the accumulation of good, two years to double production capacity expected Silan (17.21, -0.06, -0.35%); with Samsung, LG LCD TV customer channel advantages, and can take the LCD backlight market increase rapidly in the near future GoerTek acoustic length (29.30,0.00,0.00%); the leading domestic the product enterprise inductance sunlord, power is essential component LED light source driving circuit; Han's laser actively involved in LED packaging equipment (12.30,0.09,0.74%), the new LED packaging company of nationstar etc..