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Global LED market to reach $42.7 billion by 2020

ACCORDING to a new market research report Global Light Emitting Diode (LED) Market (Technology, Application and Geography), 2013 – 2020 by Allied Market Research, the LED (chips and components) market is forecast to reach $42.7 billion by 2020, registering a CAGR of 13.5 percent from 2014 to 2020.

Asia Pacifi c leads the LED technology market with approximately three quarters of the global electronics manufacturing industries. North America, due to its high- tech forensic and medical applications leads the market for UV LEDs. It is anticipated that LED lights will command about 20 percent share of the global lighting market by 2020. This will be equivalent to two thirds of the revenue for LED. However, the demand for basic LED in backlighting applications would decline as OLED broadens its horizon of applications and would eventually supersede basic LED mobile displays.

UV LEDs are mainly used in medical treatments and forensic tests. According to the report, further development of the market is expected as companies rigorously work out acquisitions to expand their product portfolio and applications. In January 2013, Noblelight acquired Fusion UV, manufacturer of UV LED technology. Developed regions, though, are early adopters of the UV LED technology; the healthcare sector in developing regions such as Asia Pacifi c is also contributing to the growth of the technology. The growing medical tourism and lower cost of treatments will strengthen the adoption of UV LED technology in developing regions.

Governments across the globe are implementing LED lighting in most of the public settings to save energy. The US government has already started replacing the conventional street lights with LEDs, which it is anticipated to complete by the end of 2014. Such developments will be instrumental in the growth of the LED market. “The growth in revenue will be slower than the rise in unit sales of LEDs due to the constantly declining price of LEDs; however, the overall market would grow at a constant pace due to growing demand for LEDs and expanding applications” states

RFMD and TriQuint renamed Qorvo

RF MICRO DEVICES and TriQuint Semiconductor have revealed that their combined companies will be renamed Qorvo.

AMR analyst Ranjan Singh. “Continuous development in the technology suggests huge underlying potential for OLEDs during the forecast period,” adds the analyst citing the recent rollouts of OLED mobile handsets by Samsung and Nokia. High brightness (HB) LEDs hold nearly 60 percent of the market share as it can provide much brighter light with lower voltages as compared to other market alternatives. The rapid growth in 4K TV segment suggests that HB LED will continue to hold the key to the growth of LED technology market. Major companies such as Samsung SDI and RIT Display are investing substantially on the development of advanced OLED display technologies.

Rising application of LED in general lighting has compelled manufacturers to concentrate on new LED lighting products and expand their production. OSRAM opened its LED assembly plant in Wuxi, China, to expand its fully loaded LED capacities and also to strengthen its market position in the global LED market. The company has chosen the plant location in China to capture the highly potential Asian market.

Notable players in this space include and profi led in report are American Bright Optoelectronics, Cree, International Light Technologies, Ledtronics, Philips Lumileds Lighting Company, Samsung Electronics, Seoul Semiconductor, OSRAM Licht AG, Nichia, LG Innotek, GE Lighting Solutions and Toyoda Gosei.

Nichia, Samsung, and Osram held nearly 35 percent share in the global LED market revenue in 2013. Allied Market Research (AMR) is the market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon, USA.

6 October 2014 Copyright Compound Semiconductor

Pronounced kor-vo, the new name is said to convey the combined company’s ability to deliver the core technologies and innovation that will enable customers to launch their next-generation designs even faster. “We believe that our new name refl ects our company’s commitment to keep customers at the centre of all that we do,” said Bob Bruggeworth, RFMD president and CEO, who will serve as Qorvo’s CEO following closing of the merger. “As a new leader in RF solutions, Qorvo will offer the agility, innovation and precision customers need for success in mobile, infrastructure, and defense markets.”

“Our companies have been RF industry pioneers developing many of the core technologies our world now relies on,” said TriQuint CEO Ralph Quinsey, who will serve as non-executive Chairman of Qorvo following closing of the merger. “Qorvo is building from our foundation of true innovation to solve our customers’ most diffi cult challenges. We do this so that their customers, whether mobile consumers or troops on the move, will be able to connect with loved ones, protect our security, or voyage to new lands.”

Shareholders of both TriQuint and RFMD voted to approve the merger on September 5th, 2014, and the transaction is expected to close in the second half of 2014, following other required regulatory approvals and satisfaction of customary closing conditions. Qorvo is expected to be traded on the NASDAQ Global Stock Market under the ticker symbol ‘QRVO’ after the merger.

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