Global LED Production Equipment Market

Technavio analysts forecast the global LED production equipment market to post a CAGR of more than 5% by 2019, according to their latest report. The demand for LED production equipment is currently being heavily influenced by the increasing number of fab establishments in APAC.

“The market witnessed strong growth in 2014 due to the increasing number of LED fab establishments in Taiwan and China because of increasing demand for LEDs in APAC. However, the growth during the forecast period will not witness much fluctuation,” said Technavio lead semiconductor equipment research analyst Sunil Kumar. “The key factors contributing to the minimal fluctuations in the market are the product life cycle of front-end equipment, which is 5-7 years, and the reduced rate of new LED fab establishments globally,” Sunil added.