Veeco expects steady growth in LED and solar equipment revenues

Veeco Turbo Disc MOCVD system due to increased demand for LED and better sales performance. According to Veeco president and CEO John PeELer, said: "we hope that the growing demand for LED, LED market orders come from. It can be predicted that the overall LED market in 2011 from $4 billion 200 million in 2006 to 9 billion 400 million, the compound annual growth rate of up to 18%. "

In addition, Peeler added: "it is expected that the annual growth rate of some applications will be higher, for example, the construction and retail lighting LED growth rate in the next few years will be close to 40%. Sales of automotive interior and exterior lighting applications are also increasing, the survey shows that only the market in 2014 will reach $1 billion market capitalization. LED has also been used for laptop backlight, LED is expected to replace the traditional CCFL, and gradually expand its scope of application. "

Veeco is expected this year, the company's LED and solar related process equipment revenue growth rate will reach 20-25%. (http://www.solidstatelighting.net/lightimes/)

Source: China Semiconductor Lighting Network