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LED Companies Focus on New Technology

Looking back to LED industry in 2013, we can make a general conclusion about LED industry development this year:

LED Application Expansion: LED application expanded towards telecommunication realm

LED Lighting Improvement: LED lighting has grown from 22% in 2012 to 26% in 2013

Mass Price Reduction: Competitive price for LED makes the market demands grow,which increase the competition among various LED manufacturers. Price decreases vastly in 2013.

New Technology: Many LED manufacturers turn to adopt new technology on LED technology solutions.

Chinese Lunar New Year is approaching in January. LED industry comes into 2014. How to survive in LED industry has become the topic of LED manufacturers. Most LED manufacturers are ready to adopt new technology as the breakthrough to produce higher Price/Performance(P/P) LED products.

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