LED Markets in South Korea, Taiwan and China: Key Research Findings 2010
Research Outline
Yano Research Institute has conducted a study on the LED markets in South Korea, Taiwan and China with following conditions.
1. Research period: August to November 2010
2. Research targets: Manufacturers engaged in LED businesses (chips, packages, LED lighting, etc.) in South Korea, Taiwan and China
3. Research methodologies: Face-to-face interviews and literature research
<What is the LED markets in South Korea, Taiwan and China?>
In this study (LED markets in South Korea, Taiwan and China), the markets for LED chips and LED packages in respective countries are covered. The total LED market size is estimated based on sales revenue of the major manufacturers' LED businesses partially including LED modules. The foreign exchange rates applied in this study are; 1 Korean won = approx. 0.07 yen, NT$1.00 = approx. 2.8 yen and RMB1.00 = approx. 12.56 yen.
Summary of Research Findings
Key Findings¨ Total LED market size in South Korea is expected to reach 4.95 trillion won (approx. 261% of the previous year) in 2010.
Total LED market size in South Korea was 1.8943 trillion won (approx. 132.6 billion yen) in 2009. The market size in 2010 is expected to grow to 4.95 trillion won, or approx. 261% of the year before, due mainly to increase of use of LEDs for LCD TVs.
¨ Total LED market size in Taiwan is expected at NT$121 billion (approx. 160% of the previous year) in 2010.
Total LED market size in Taiwan was NT$75.6 billion (approx. 211.6 billion yen) in 2009. Taiwanese LED market follows the same trends as the Korean market and demand for LEDs for LCD backlight has been increasing. Furthermore, exports of LED chips to South Korea have been increasing as the quality of Taiwanese LED chips improves. As a consequence, the LED market size in Taiwan in 2010 is expected to expand to approx.160% of the previous year, or NT$121 billion (approx. 338.8 billion yen).
¨ Total LED market size in China is expected at RMB26.6 billion (approx. 117% of the previous year) in 2010.
Total LED market size in China was RMB22.7 billion (approx. 285.1 billion yen) in 2009. In 2010, the market size is estimated to be RMB26.6 billion (approx. 334 billion yen), approx. 117% of the year before. The market has been continuously growing owing to huge demands from the domestic market stemmed from installation of outdoor displays, landscape lightings, etc. against the backdrop of the construction boom, while there are technological gaps between preceding manufacturers and follower manufacturers.
Published Report
Report Title: White LED Market 2010: China, Korea and Taiwan
*The information provided in the "Research Summary" is what is as of the date of announcement and could be altered or renewed without any prior notice.