LED industry will be able to overcome the oversupply glut over the last few years in 2014, as it hops onto lighting’s growing trend, according to estimations by Veeco. Epistar Chairman B.J. Lee projected earlier the LED supply and demand situation will gradually ease in 2014, and LED manufacturers are also optimistic about lighting developments in 2014. Large MOCVD manufacturers such as Veeco are also optimistic about a new generation of MOCVD equipment demands spurred by LED lighting growth.

According to market estimations, the LED lighting market will grow at an average rate of 25 percent in 2014 to US$ 5.70 billion from US$ 4.59 billion in 2013. The industry is currently in a flourishing stage for LED and Solid State Lighting (SSL), noted Veeco. LED chip and demands are transiting from mainly BLU-Backlight Module (BLU) to high growth SSL. The transition is expected to spur SSL lighting demands. Product quality and efficiency are also important in the process of lowering LED costs. While MOCVD equipment development will be further propelled by market size and demands. 

Veeco will be holding a media conference in Taiwan on Feb. 11, 2014. Jeffrey Pina, Senior Director, Marketing, Veeco will be attending the conference and sharing his insights on new development trends in the LED manufacturing industry, and SSL affects. Pina will also explain how Veeco plans to expand in the SSL market, especially how it will become an industry leader with its MOCVD system. Another topic to will be discussed at the conference will be how Veeco will help Taiwanese clients to become successful in the face of new market opportunities in Asia.