IMS Research, a British supplier of market research in the global optoelectronics market, has announced that Seoul Semiconductor (CEO, Chung Hoon Lee, www.acriche.com.), a world leading LED company, has been ranked fourth in the global LED market.
According to World Market of Light Emitting Diodes, 2009 Edition report by IMS Research, Seoul Semiconductor is rapidly gaining ground on the top three LED package companies - Nichia, Osram, and Philips Lumileds. It is estimated that Seoul Semiconductor reached fourth place based on the sales records for 2007 and 2008.
Jamie Fox, an analyst of IMS Research, said that Seoul Semiconductor has a positive prospective for future growth potential, because it has grown much more rapidly and aggressively than typical for the global LED market. He also said that Seoul Semiconductor will compete with Philips Lumileds for the third rank in the next few years.
An official of Seoul Semiconductor responded, “The company’s more than 5,000 patents and technical capabilities are powerful weapons to secure the third position by 2011, and Seoul Semiconductor can readily cope with the changes in the rapidly developing global LED market. Seoul has achieved vertical integration from LED chips to packages, while utilizing a well-structured system for research and development as well as supply of a variety of new products, in particular the world’s only AC-driven LED Acriche and brand new LCW100Z1, a high-efficiency SMD type LED for general purpose lighting.”
IMS Research is a supplier of market research and consultancy services on a wide range of global electronics markets and publishes detailed research on LED and related markets on a regular basis. The analysis of World Market of Light Emitting Diodes, 2009 Edition, focuses on the overall survey of cases of LED-applied products, perspectives of the LED lighting business, detailed data for each region of the world market, and the global market share and ranking of the world’s top 13 LED companies.
