TAIPEI, Taiwan － Taiwan’s lighting market research institute, Photonics Industry & Technology Development Association (PIDA), stated that the LED lighting industry is still under the control of the traditional lighting giant.
The top global lighting manufacturer, Philips, is leading the way in slashing LED light bulb prices, and related supply chain manufacturers must actively lower their production costs to deal with the future era in which LED bulb prices will fall below US$1.
On the other hand, LED lighting sources from LED light bulbs to spot lights are beginning to enter into a broader lighting market, which will cause the ratio of LED packaging output to rapidly rise for lighting applications. However, this will tragically slash the prices for products, and it is estimated that they will fall by 50% by the end of 2018.
Furthermore, due to successive national legislation for vehicles to be equipped with daytime running lights and increasing demand for lighting for smart vehicles, the ratio of products for automobile applications is set to steadily rise.
PIDA pointed out that the clout of Taiwan's light bulb tubes and fittings is weak in the global lighting and LED lighting terminal market, and Taiwan’s LED lighting output for 2015 is only expected to grow 6%, which is approximately 20% lower than the global output growth.
(TR/ Phil Sweeney)
