uv led technology and application trends 2013 report by yole developpement
DESCRIPTION
VFrom $45M in 2012 to $270M in 2017, the UV LED market is booming - but we’re just scratching the surface of the technology’s true potential. THANKS TO UV CURING, UV LEDs SHOULD BECOME A $270M BUSINESS BY 2017 - AND COULD HIT $300M IF NEW APPLICATIONS BOOM Thanks to its compactness, low cost of ownership and environmentally-friendly composition, UV LED continues to replace incumbent technologies like mercury. Hence, the UV LED business is expected to grow from $45M in 2012 to nearly $270M by 2017, at a CAGR of 43% - whereas the traditional UV lamps market will grow at a CAGR of 10% during the same time period. In 2012, UVA/UVB applications represented 89% of the overall UV LED market. Amongst these applications, UV curing is the most dynamic and most important market, due to significant advantages offered over traditional technologies (lower cost of ownership, system miniaturization, etc.). This trend is reinforced by the whole supply chain, which is pushing for the technology’s adoption: from UV LED module and system manufacturers to ink formulators and (of course) the associations created to promote the technology. And with Heraeus Noblelight’s recent acquisition of Fusion UV (Jan. 2013), all major UV curing system manufacturers are now involved in the UV LED technology transition. Concerning UVC applications, they are still in their infancy and their sales are mainly for R&D purposes and analytic instruments like spectrophotometers. But given some newly published results (increase of EQE over 10%, etc.) and the recent commercialization of the world’s first UVC LED-based disinfection system (2012), the market should kick into gear within the next two years.TRANSCRIPT
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UV LED
Technology & Application Trends
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Web: http://www.yole.fr
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UVA UVB UVC
UV Lamp Applications as a Function of the Wavelength and Optical Power Output
Required optical
power output
(log W/cm²)
280 400 365 315
UV Curing
Analytical Instrument
Analytical Instrument
Counterfeit
Detection
Medical
Phototherapy
100
0.01
0.1
1
10
200
Tanning
Wavelength
(nm)
Photocatalytic
Purification
Disinfection
/ Purification
(Water / Air /
Surface) YOLE DEVELOPPEMENT
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UV Lamp Market Size Evolution from 2008 to 2012
An increase of ~XX% of the UV lamp market size ($M) between 2008 and 2012.
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UVC
UVB
UVA
UV LED Applications Roadmap Timeline / Time to Market
Timeline / Time to Market
2000’s 2009 2011 2010 2012 2016 2013
Medical Phototherapy
2014 2015
UV Curing
Banknote Detection
Photocatalytic Air Purification
Photocatalytic Water Purification
Air Disinfection / Purification
Analytical Instruments
Water Disinfection / Purification
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UV LED Sales 2012 Revenues and Market Shares
• XXX (USA and TW) is more and more installed in the UV LED business (growth relay since competition has increased in visible LED market) and continue to take market shares over Nichia.
• XXX is loosing market shares since the company still continue to focus mainly on packaged LED that are not optimally suitable for UV curing arrays and since competition begin to develop (entry of Chinese and Taiwanese players).
• UV LED packagers (LED Engin…) also develop strong revenues.
UV LED (package and chip) sales only
It does not include:
• Revenues from R&D contracts
• Revenues from regional/national
funding
• Other funding
Over a market of nearly $XXM
1. Including CREE and Fox Group who have exited now
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UV Lamp vs. UV LED Different Strategies to Catch Value of UV LEDs (1/2)
The merger of the semiconductor industry and the traditional UV lighting industry has created a redistribution of the value on the supply chain!!!
Integrator SWEET SPOT
Traditional UV Lamps
UV LEDs
Traditional UV Systems
UV LED Systems
UV Die UV Arrays UV Package
Ho
en
le, IST…
Hoenle, IST…
Vertical
Integration
Horizontal
Integration
“Disruptive”
Integration
Crystal IS, HexaTech…
Photon Star…
LED
Manufacturer
SWEET SPOT
Philips…
Critical
SPOT
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Known M&A, Investments and Fund Raising in UV LED
More than $XX.6M invested in UV LED since 2010 !!! Fund Raising
Acquisition
National Funding
Joint Development $X.2M
Acq. of Huga Optotech
by Epistar
Amount not known
Acq. of Psoria-Shield by
Wellness Center USA
Amount not known
$X.6M
2011 2010 2012 2013
$XM
$X.7M
$X.XM
Before
2010
$X.XM
$X.8M
$X.5M
Acq. of Crystal IS by
Asahi Kasei
Amount not known
$XM
$X.5M
Acq. of Enfis by
PhotonStar LED
Amount not known
$3.1M
$X.15M $X.05M
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UV LED Market Size (M$) Split by Application
In 2017, UV LEDs business should represent nearly $XXXM!!!
CAGR 2012 - 2017 = 43%
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UVA / UVB Applications Lamp Specifications and Market Highlights
Although UV curing application represents < 3% of total UVA lamp volume, associated revenues represents > 50% (biggest UVA market).
Biggest UVA / UVB lamp market ($M) is UV curing which represent more than 50% of all UVA / UVB lamp revenue… However the application represent less 3% of total UVA lamp volume
(Munits). λ Application
Lamp Size
(m)
Wall-Plug
Input Power
(W)
Lamp ASP
($)
2012 UV
Lamp
Volume
(Munits)
2012 UV
Lamp Market
($M)
UV Lamp
Market
Growth
(2011 -2012)
UV LED
Time to
Market1
UVA
/
UVB
Application A 0.3m to 2m 10W to 20kW $250 to $300 0.53 149.7 +13.4% 2003
Application B 0.5m to 2m 15W to 200W $5 to $15 10.59 84.9 +3.5% > 2015
Application C 0.2m to 2m 10W to 100W $40 to $100 0.62 30.8 +7.2% 2015
Application D 0.1m to 0.3m 10W to 40W $5 to $10 0.57 4.3 +2.4% 2006
Application E 0.1m to 0.2m 4W to 10W $5 to $10 0.53 2.7 +3.6% 2003
Application F 0.2m to 1.2m 4W to 40W $1 to $15 10.52 31.0 +1.1% > 2015
1. UV LED time to market = Time when UV LED penetration rate > 1%.
In red are presented the most challenging specifications for UV LEDs.
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Company A (JP)
• Identity
– Founded in 2000 through collaboration with xxxx University (JP) - Acquired by the private equity xxxxx in 2001 ($xxxM).
– Employees 2012: ~30 persons.
– Activity: Manufacturing of GaN wafers, UVA AlGaN epiwafers and UVA LEDs (chips, packages and modules).
• UV LED Technology & Products
– Growth technique: Lateral Epitaxy on Patterned Substrate (LEPS).
• Novel MOCVD approach developed in association with Tokushima University.
– 2” AlInGaN epiwafers.
– UVA LED wavelength range: 353-360nm, 360-363nm, 363-370nm, 370-375nm and 375-380nm.
• Single chip optical power output :
– 280x280µm: 1mW (363nm) to 5.5mW (380nm) @ 20mA.
– 600x600µm: 5mW (363nm) to 35mW (380nm) @ 100mA.
– 1mm² chip are targeted for the future.
• SMD package with one to 4 chips:
– 375nm: 200mW @ 500mA.
• Power LED with 25 chips:
– 375nm: 900mW @ 300mA.
– Production capacity was ~xx million LEDs/month in 2010.
• UV LED Applications
– UVA applications (counterfeit detection, curing, photocatalysis…).
Module with 4 SMD of 4 chips
(300mW @ 375nm)
Die 280x280m SMD package with 4 chips 600µm
(200mW @ 375nm)
Die 600x600m
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Bulk AlN Roadmap - Mass Production Availability
Timeline
2000 2010 2012 2011 2014 2013
4’’ wafer
1’’ wafer 2’’ wafer
Company A
Company B
Company C
Company D
Company E
Company F
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About Yole Développement and LED Activity
75 cours Emile Zola, F-69001 Lyon-Villeurbanne, France Tel : +33 472 83 01 80 - Fax : +33 472 83 01 83
Web: http://www.yole.fr
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Yole Développement Field of Research Activity
• Yole Développement is a market research and strategic consulting company founded in 1998.
• We are involved in the following areas:
• Our research is acquired by in-house personnel via open-ended discussions and interviews.
– We employ 32 full-time analysts with technical and marketing degrees
– Primary research includes over 3,500 interviews per year
Photovoltaic
Microfluidic & Medical Technologies
MEMS & Image
Sensors
Wafer & Substrates
Power Electronics
LED, OLED and Laser Diode
Advanced
Packaging
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Yole Développement Around the World
We are present in Europe, North America and Asia
Lyon, France -
Headquarters
40% of our activity is in
Europe
30% of our activity is in
Asia
30% of our activity is in
North America
Yole Inc. Yole Japan
Yole Korea
Yole Taiwan
Yole Paris
System Plus
Consulting
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Yole Développement Mission Statement – Knowledge-Based Company
• We help our customers develop their business through specific analysis and reports, including:
– Accurate market data, market segmentation and marketing analysis.
– Technical evaluation, technology cost and Cost of Ownership (COO) analysis.
– Patent portfolio analysis.
– Freedom to operate analysis.
– Strategic analysis to enhance company and business unit performance.
– Strategic development support (growth opportunities identification, M&A support, investor(s) identification,etc.).
– Advertising opportunities in Yole’s magazines, webinars and specific events.
• Our customers get measurable, operational results from our actions!
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Supporting the Entire Value Chain
Yole consultants provide Market Analysis, Technology Evaluation and Business Plan Assessment for customers along the entire value chain
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About Yole’s LED Analyst Team
Dr. Philippe ROUSSEL - Business Unit Manager
Dr. Philippe ROUSSEL holds a PhD in Integrated Electronics Systems from the National
Institute of Applied Sciences of Lyon (INSA - France). He joined Yole Développement in 1998
and is Business Unit Manager of the Compound Semiconductors, Photovoltaic, LED and
Power Electronics department.
Dr. Eric VIREY - Senior Analyst
Dr. Eric VIREY holds a PhD in Optoelectronics from the National Polytechnic Institute of
Grenoble (INPG - France). In the last 12 years, he has held various R&D, engineering,
manufacturing and marketing positions with Saint-Gobain. Most recently, he was Market
Manager at Saint-Gobain Crystals, in charge of Sapphire and Optoelectronic products.
Pars MUKISH - Analyst
Pars MUKISH holds a master’s degree in Materials Science & Polymers and a master’s in
Innovation & Technology Management (EM Lyon - France). He works at Yole
Développement as Market and Technology Analyst in the fields of LED and Lighting
Technologies, carrying out technical, economic and marketing analysis. Previously, he was a
Marketing and Techno-Economic Analyst for several years with the CEA.
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2012 - 2013 LED Reports (Latest & To Come)
Status of the LED Industry
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LED Front-End
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LED Packaging
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reserved.
UV LED
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reserved.
LED Phosphor
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LED for Street Lighting
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reserved.
OLED For Lighting
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reserved.
Sapphire Substrates
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reserved.
III - V Epitaxy
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reserved.
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