Science & Technology
Tue, October 25, 2011Mon, October 24, 2011Sun, October 23, 2011Sat, October 22, 2011Fri, October 21, 2011Thu, October 20, 2011Wed, October 19, 2011Tue, October 18, 2011Mon, October 17, 2011Sun, October 16, 2011Fri, October 14, 2011Thu, October 13, 2011General LED Lighting Market Remains Strong -- Cree and Veeco to Benefit
Published in Science and Technology on Wednesday, October 19th 2011 at 5:23 GMT by Market Wire
October 19, 2011 08:16 ET
General LED Lighting Market Remains Strong -- Cree and Veeco to Benefit
The Bedford Report Provides Equity Research on Cree & Veeco Instruments
NEW YORK, NY--(Marketwire - Oct 19, 2011) - The LED market is facing significant headwinds of late. The current downturn in the LED market is largely due to reduced prices for LED-based TV backlight and lighting systems. This is because of inventory adjustments, and increased competition from more backlight makers entering the LED market. The Bedford Report examines the outlook for companies in the semiconductor industry and provides stock research on Cree, Inc. (
[ www.bedfordreport.com/CREE ]
[ www.bedfordreport.com/VECO ]
According to IMS' research, backlighting, which ranges across consumer electronics such as flat panel TVs and cell phones, is expected to grow at a mere 2 percent this year, while the general lighting market for LEDs will be the fastest-growing market, up 29 percent. IMS Research's latest "LED Supply and Demand Report" expects longer-term strength in the LED market. The firm estimates 36 percent revenue compound annual growth rate from 2010 to 2015 for packaged LEDs to $6.3B, up from $1.75B in 2011.
The Bedford Report releases investment research on the semiconductor equipment and materials industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at [ www.bedfordreport.com ] and get exclusive access to our numerous analyst reports and industry newsletters.
Reflecting on the industry in general, Cree CEO Chuck Swoboda believes the huge increase in chip production to service LED backlighting applications in recent years has put pressure on the rest of the market. On the upside, Cree is gaining strong demand for its product due to rising number of LED-based lighting designs on the market.
Veeco makes equipment to develop and manufacture LEDs, solar panels, hard disk drives and other devices. We support our customers through product development, manufacturing, sales and service sites in the U.S., Korea, Taiwan, China, Singapore, Japan, Europe and other locations.
The Bedford Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at [ http://www.bedfordreport.com/disclaimer ]
