A research report analysing the state of the global and Chinese LED industries in 2009 has been made available by China Research and Intelligence.
The report finds that the international economic and energy crisis, coupled with increasingly stringent environmental requirements, is likely to make semiconductor LED products more popular.
LEDs' high energy efficiency, long performance life, safety and flexibility in allowing a range of different colours and potential miniaturisation have all been recognised as valuable features.
The report predicts that in the years leading up to 2012, the annual compound growth rate of the global LED market will reach 10 per cent, most of which will be contributed by ultra-high and high-brightness components.
At present, China has over 600 LED enterprises specialising in downstream packaging and device application, although there are far fewer enterprises engaged in developing the epitaxial wafer for the LED.
Strategies Unlimited recently released a report suggesting that increasing demand for blue-violet laser diodes and UV LEDs will provide significant market opportunities for advanced substrates such as gallium nitride and aluminium nitride.