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IMS Research Reports LED Supply Chain Positioned for Bright 2011

Austin, Texas — 2011 looks to be another bright year for the LED supply chain according to the latest issue of IMS Research’s Quarterly GaN LED Supply and Demand Report.

After 67% growth in 2010 to $8B, blue/green or GaN LEDs are forecasted to grow 38% in 2011 to $10.8B on a 49% increase in volume to 62B die. In terms of revenues by application, TVs are expected to enjoy the fastest growth up 97% to $4.3B as LED TVs proliferate, accounting for 51% of TV panel shipments. Monitors and general lighting are also expected to enjoy rapid growth, each up at least 57% vs. 2010.

According to Ross Young, IMS Research SVP of Displays, LEDs and Lighting, “Growth is expected to accelerate in Q1’11 after a lackluster 2H’10 resulting from excess panel inventories and reductions in LEDs per panel. LEDs shipped with notebook, monitor and TV panels are expected to rise 13% Q/Q to over 5 billion after just 1% growth in Q4’10 on continued LED share gains in monitors and TVs and new 2011 designs utilizing more LED die for 240Hz/3D and hybrid backlit panels. Samsung is expected to consume the most LEDs in Q1’11 after LG Display led throughout 2010.”

Despite the 2H’10 weakness, MOCVD shipments did not slow however as LED manufacturers continued to build capacity for the rapid increase in demand projected out to 2015 by application each quarter in the IMS Research report. GaN MOCVD shipments from merchant suppliers Aixtron, Applied Materials, Jusung, Taiyo Nippon Sanso and Veeco reached a new record high of 232 units as shown below, reaching 798 tools for the year. Market leaders Aixtron and Veeco maintained their respective market shares from Q3’10 of 53% and 44% respectively. For 2010, Veeco did take share, rising from 31% to 42% while Aixtron’s share fell from 62% to 55%.

By region in Q4’10, there were big changes with China’s share surging from 31% to 64% while Korea’s share fell from 27% to just 5%. China’s MOCVD buying spree is expected to continue through 2011 with their share rising to over 70% resulting in healthy growth in the MOCVD market to over 1000 tools fueling more growth for LED manufacturers.

With robust MOCVD growth, production capacity is also expected to continue to grow rapidly, rising 75% in unyielded 2” equivalents. According to Young, “With a growing number of lighting suppliers migrating to 6” wafers as quantified in this report, it will provide a great opportunity to sapphire suppliers as 6” wafers should maintain a healthy pricing premium throughout 2011.”

About theQuarterly GaN LED Supply and Demand Report

This unique report quantifies LED supply, demand, pricing, market size and much more. Each panel manufacturers’ LED configurations and LED consumption are provided at every size, resolution and refresh rate along with their conventional and LED panel shipments and projections. The report also tracks all other segments including lighting, automotive and signage by die size in units and revenues with market sizes projected out to 2015 in units and revenues. MOCVD shipments and share are segmented by manufacturer, region and tool type. A rolling MOCVD 4-quarter forecast is provided by LED manufacturer and MOCVD and LED supply and demand are projected out to 2015.

Editors Note :

For more information please contact: Ross Young, 512-302-1977

About IMS Research:

IMS Research is a leading independent supplier of market research and consultancy to the global electronics industry, offering syndicated market studies, custom research and consultancy services. Clients include most of the household names in the industry. IMS Research has offices in Europe, the US, China, Taiwan and South Korea.

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