Oct 29 2013
Research and Markets has announced the addition of the "Global LED Chip Market 2012-2016" report to their offering.
Global LED Chip Market To Grow At A CAGR Of 32.3 Percent Over The Period 2012-2016
The report provides an in-depth analysis of the global LED chip market with inputs from industry experts. Commenting on the report, an analyst from the researchers' team said: Luminous efficacy refers to the amount of electrical power required to produce a certain intensity of light in lumens per watt. The vendors in the market are attaching more significance to improving luminous efficacy due to the presence of various opportunities to improve luminous efficacy along the value chain.
Furthermore, at epitaxy level, one of the key drivers fueling the market is the higher level of sophistication in the MOCVD. Some of the options evaluated by the vendors include more efficient production handling and better choice of layer material, especially the substrate material on which the light-emitting layers are deposited. At a chip level, multiple activities to enhance luminous efficacy are currently being tested. All these activities in the industry will tend to enhance the growth prospects of the market.
According to the report, one of the major drivers in this market is the growing significance of LED chips. The LED-based device manufacturers are attaching increasing significance to LED chips. This is because the majority of the product differentiation in LED devices is dependent on the LED chips used as a base for the LED lighting devices. Thus, the importance of LED chips has been increasing in the LED Lighting industry. One of the key challenges in the market is the cyclical nature of the industry.
Source: http://www.researchandmarkets.com/