Market analysis: China and South Korea LED industry will grow rapidly

LED industry in 2006 will continue to maintain 2 digit growth, which, China and South Korea's LED industry will grow rapidly. Taiwan Corporation Taiwan Optoelectronics Association (PIDA) analyst RobertSu in the discussion LEDEX Japan 2005 "will do the above prediction.

According to RobertSu analysis, LED global market size in 2006 will increase by 10.9% compared with the previous year, $7 billion 465 million, $8 billion 270 million in 2007, $9 billion 292 million in 2008. From different regions, Japan and Taiwan will continue to maintain a high share of the market by 2008, while forecasting: "South Korea and China's growth rate will be very high."

For example, from 2005 to 2008 LED market growth rate forecast, compared with 1.31 times 1.22 times that of Japan, Taiwan, South Korea and China were 1.67 times, 1.87 times. In this way, the share of the global LED market in Korea and China will expand from 9.3% and 6.3% in 2005 to $11.2% and $8.5% in 2008. The share of Japan and Taiwan will be reduced from 45.8% and 17.5% in 2005 to $40.5% and $16.5% in 2008.