Brief Review of 2010 LED Industry Development – LED Manufacturers Celebrated a Fruitful Year

2010 was a fruitful year for LED manufacturers. Not only did manufacturers overcome the gloomy market condition in 2009, most managed to grow their revenues at an exponential rate due to the robust demand for large-size LED backlighting.

According to LEDinside, total revenue of global packagers in 2010 reached $12.8 billion with an annual growth rate of 57%. In regional performance, Korean output value in particular, increased at an exceptional rate – the main reason behind the growth was that large conglomerates that own television brands such as Samsung and LG provided the necessary support to drive the growth of Korea’s LED industry.

Looking forward into 2011, LED-backlit TV and LED lighting markets are still the main driving force for the LED demand, and LEDinside estimates that there is still substantial room for further growth. From the perspective of market supply, LED manufacturers have undergone aggressive capacity expansion in 2010. Therefore, it is foreseeable that in 2011, the industry will witness explosive growth in both supply and demand. Nonetheless, only the manufacturers which are able to maintain quality while keeping costs low can outperform others in the competitive industry.