The Paragon Report has analysed investment openings in the LED industry and has furnished equity analysis on Veeco Instruments and Cree.
The LED market is presently going through a dry phase. The present decline in the LED industry is mainly because of the decreased cost for LED-based illuminating systems and TV backlight. This is due to high competition from backlight manufacturers entering the LED industry, and stock adjustments. CEO of Cree, Chuck Swoboda trusts that the increased chip production to support LED backlighting applications has resulted in pressurizing the rest of the industry.
According to the analysis of IMS, backlighting applications that find use in consumer goods such as cell phones and flat panel TVs, is anticipated to rise just 2% during the current year, even though the LED lighting industry is expected to grow at a rapid rate of up to 29%. The recent study of IMS, "LED Supply and Demand Report", believes in long-lasting capability in the LED industry. The company expects 36% income compound annual growth rate for a period of 2010 and 2015 for packaged LEDs which increases from $1.75B to $6.3B in the year 2011.
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