Seoul Semiconductor Ranked Worldwide No. 4 in LED Market
26 Jul 10
- Strategies Unlimited reported that worldwide LED market valued at USD 5.4 billion, with LEDW for LED TV showing significant growth
July 26, 2010 – Leading global LED provider, Seoul Semiconductor is announcing today that market survey agency Strategies Unlimited recently reported in “High-Brightness LED Market Review and Forecast 2010”, an in-depth report on the LED market, that Seoul Semiconductor is now ranked as No.4 worldwide in the LED market with total sale of USD 301 million
According to this report, the size of the world LED market in 2009 rose by 6.2% to USD 5.4 billion from 2008’s USD 5.08 billion. As demands for LED TV increased, sales of LED products for display reached USD 370 million with a year-on-year increase of 178%. Furthermore, as applications for LED become more diverse, sales within emerging market segments such as general lighting applications and automotive has also greatly intensified.
Philips-Lumileds, who until 2008 were ranked 4th place, dropped down to the 7th place in 2009; being dislodged from their former position by Seoul Semiconductor. IMS Research, a market survey agency also raked Seoul Semiconductor as 4th in the global LED market in their recent report on LED market. The gap in sales between Cree, which held on to 3rd place in the report presented by Strategies Unlimited, and Seoul Semiconductor narrowed to only USD 50 million. It is widely expected that advancement in to a Top 3 position is now within reach for the Korean company.
Among the LED businesses in Korea, Seoul Semiconductor remains the only company to be ranked within the global top 10. Samsung LED is ranked at 11th place and LG Innotek at 14th with sales of USD 170 million and USD 106 million respectively ; this further demonstrates the widening gap developing between the top performers and the following group.
“The results of the report show that, despite the fact that sales of LED for LED TV last year were less than 10% of the total sales, performance was good in all fields including lighting systems. This year, the supply quantity of LED for LED TV for China, Japan, and Taiwan is expected to increase significantly; thus contributing to markets recording large sales. In addition, the company seeks to occupy the LED lighting market as the new growth engine by expanding the sales outlet to large global lighting enterprises including GE,” said Lee Sang-min, Vice President for Sales at Seoul Semiconductor.
The reality is that most LED makers are currently focusing on a captive market based on their subsidiaries or affiliated companies. Seoul Semiconductor however has taking a different approach, through avoided the reliance on large order quantities from specific large customers it has now broken away from the old management system allowing the focus to be shifted to a range of diverse markets and applications this has resulted in a stable growth footing by succeeding in diversifying customers and product groups.
Backed by over 5,000 patents currently held within the company, Seoul Semiconductor has established for itself a vertically integrated system ranging from EPI to chip, package, and modules covering the entire process of LED production; thus enabling cost competitiveness and flexibly to respond to the constantly changing market situation. In the near future, Seoul Semiconductor plans to make substantial investment to secure the appropriate production scale, and has an equally aggressive policy of recruiting and training highly talented people.
Seoul Semiconductor, which was named one of “Asia’s 100 best high-growth enterprises” by Business Week and listed amongst “Asia’s 200 leading enterprises” by Forbes, has drawn attention as one of the Top 5 enterprises in the SSL (Solid State Lighting) field along with MONA, a project group that grafts light science with Nano technology as inaugurated by EC, Cree, Osram, Philips-Lumileds, and Nichia. With the explosive growth of the lighting market expected, Seoul Semiconductor plans to make further significant advances into the lighting segment of the LED market through Acriche, an AC power semiconductor light source, this will allow it to further increase its current outstanding growth.
According to this report, the size of the world LED market in 2009 rose by 6.2% to USD 5.4 billion from 2008’s USD 5.08 billion. As demands for LED TV increased, sales of LED products for display reached USD 370 million with a year-on-year increase of 178%. Furthermore, as applications for LED become more diverse, sales within emerging market segments such as general lighting applications and automotive has also greatly intensified.
Philips-Lumileds, who until 2008 were ranked 4th place, dropped down to the 7th place in 2009; being dislodged from their former position by Seoul Semiconductor. IMS Research, a market survey agency also raked Seoul Semiconductor as 4th in the global LED market in their recent report on LED market. The gap in sales between Cree, which held on to 3rd place in the report presented by Strategies Unlimited, and Seoul Semiconductor narrowed to only USD 50 million. It is widely expected that advancement in to a Top 3 position is now within reach for the Korean company.
Among the LED businesses in Korea, Seoul Semiconductor remains the only company to be ranked within the global top 10. Samsung LED is ranked at 11th place and LG Innotek at 14th with sales of USD 170 million and USD 106 million respectively ; this further demonstrates the widening gap developing between the top performers and the following group.
“The results of the report show that, despite the fact that sales of LED for LED TV last year were less than 10% of the total sales, performance was good in all fields including lighting systems. This year, the supply quantity of LED for LED TV for China, Japan, and Taiwan is expected to increase significantly; thus contributing to markets recording large sales. In addition, the company seeks to occupy the LED lighting market as the new growth engine by expanding the sales outlet to large global lighting enterprises including GE,” said Lee Sang-min, Vice President for Sales at Seoul Semiconductor.
The reality is that most LED makers are currently focusing on a captive market based on their subsidiaries or affiliated companies. Seoul Semiconductor however has taking a different approach, through avoided the reliance on large order quantities from specific large customers it has now broken away from the old management system allowing the focus to be shifted to a range of diverse markets and applications this has resulted in a stable growth footing by succeeding in diversifying customers and product groups.
Backed by over 5,000 patents currently held within the company, Seoul Semiconductor has established for itself a vertically integrated system ranging from EPI to chip, package, and modules covering the entire process of LED production; thus enabling cost competitiveness and flexibly to respond to the constantly changing market situation. In the near future, Seoul Semiconductor plans to make substantial investment to secure the appropriate production scale, and has an equally aggressive policy of recruiting and training highly talented people.
Seoul Semiconductor, which was named one of “Asia’s 100 best high-growth enterprises” by Business Week and listed amongst “Asia’s 200 leading enterprises” by Forbes, has drawn attention as one of the Top 5 enterprises in the SSL (Solid State Lighting) field along with MONA, a project group that grafts light science with Nano technology as inaugurated by EC, Cree, Osram, Philips-Lumileds, and Nichia. With the explosive growth of the lighting market expected, Seoul Semiconductor plans to make further significant advances into the lighting segment of the LED market through Acriche, an AC power semiconductor light source, this will allow it to further increase its current outstanding growth.
