The optoelectronic industry has a considerable influence not only on Taiwan but also on the future development of the global industry. According to the ITIS project data of the Technology Department of the Ministry of Economic Affairs, in 2014, the top three Taiwanese industries or products in the world, including overseas production, the production of silicon crystal solar cells reached 9,972MW, and the global market share reached 22.1%; large TFT LCD The output value of panels (> 10 inches) is 23.616 billion US dollars, with a global market share of 24.55%; the output value of small and medium-sized TFT LCD panels (<10 inches) is 7.431 billion US dollars, and the global market share is 26.73%, both of which have ranked second in the world. The output value of OLED panels is 223 million US dollars, and the global market share is 3.79%; the output value of touch panels is 5.97 billion US dollars, and the global market share is 20.9%; the output value of LED components is 3.2 billion US dollars, and the global market share is 19.1%, which is also ranked first in the world. three.
According to the statistics of the Photoelectricity Association (PIDA), the total output value of Taiwan ’s optoelectronics industry reached NT $ 2.467 trillion in 2014, which was the same as that of 2013, equivalent to approximately USD 67.4 billion, accounting for approximately 12% of the total output value of the global optoelectronics industry of USD 576.6 billion. The top five products in terms of output value are TFT-LCD panels, touch panels, LCD component materials, solar cells and precision optical components and lenses; as for the top five products with high output value growth rates, respectively, LED lighting and solar silicon materials , Precision optical components and lenses, LED components and optical therapy.
Display panel growth passivation
PIDA estimates that the output value of Taiwan's panels in 2014 was approximately NT $ 917.696 billion, with an annual decline rate of approximately 1.4%. Since Taiwan's display panel industry has entered a plateau period in 2014, the growth force in the future will also be inactive, and it will only show a trend of gentle development.
Looking forward to the global display panel industry in 2015, PIDA believes that related companies will accelerate the introduction of new panel technologies and materials, including emerging display technologies such as LTPS and IGZO, which have gradually been introduced into mainstream display panel products, and the development of ITO replacement materials has also It is in the pipeline; secondly, the integrated touch technology will become more popular, such as the On / In-Cell embedded touch panel technology that only display panel makers can make in the past, has also begun to appear in the smart type under 5 inches on the phone.
High-resolution display panels will quickly become the mainstream in the market. Whether in large-size or small- and medium-size display panels, HD or FHD high-resolution is already a way out. The main source of power for the demand for large-size panels at this stage will be 4K UHD high-resolution TVs in the future, and the growth sources for small and medium-sized panels will come from FHD high-resolution tablets and smartphones.
The display panel industry layout is also likely to undergo a major migration in 2015. Due to the huge market consumption power of the mainland market, and the increasing strength of local panel manufacturers in the mainland, the market share of global panel manufacturers will inevitably change in 2015.
PIDA said that if there is significant growth in the market for smart mobile or wearable display devices, including tablet PCs, smart phones and wearable display related products, they will be more affordable and popularized, which will also have an impact on the related display panel industry.
The display panel industry is one of Taiwan's two-megabyte double-star industries, which is extremely important for the overall development of the Taiwanese industry. But in addition to facing the problem of dull growth, the supply side of the middle and upper reaches is also threatened by the mainland. Taiwan is not like Korea, which has strong domestic brands to drive demand. These problems will all be hidden concerns for the future of Taiwan's display panel industry.
LED must develop new applications
Taiwan's LED component industry still maintains its global leading position, especially the LED epitaxial wafer and the dual die-Jingdian and Canji-the large-scale consolidation in 2014, the expansion plan of Everlight, and the attraction of international Important events such as Cree ’s shareholding in Lunda have greatly improved the visibility of Taiwan ’s LED industry internationally. It is estimated that Taiwan ’s LED component industry will achieve growth rates of 10% and 14% in 2014 and 2015, especially In the mobile phone and LCD backlight market, Taiwan's LED industry is a rare rival.
In terms of competitors ’performance, although Japan ’s exchange rate has depreciated sharply for two consecutive years, the price competitiveness of its products denominated in Japanese yen has been relatively improved, but Nichia and Toyoda Gosei ’s revenue in 2014 has only shown a degree of long-term elimination. Let Japan's LED component industry estimate only a small growth of 1% and 5% in 2014 and 2015.
As for the Korean LED industry, due to the high degree of connectivity with the domestic display, mobile phone and other industries, the continued decline of the above industries has also impacted the revenue performance of the Korean LED industry. It is estimated that the output value of South Korea's LED component industry will decline by 3% and grow slightly by 2% in 2014 and 2015.
The mainland has now become the most dazzling region in the development of the global LED component industry, especially the mid-power LEDs for lighting have developed rapidly in recent years, and the independent supply chain for mastering LED components has also been greatly improved. The mainland has grown uniquely and the rest The regional industries are in single-digit growth or recession, which has caused competition pressure from Taiwanese manufacturers.
With the gradual improvement of LED components in lighting applications, the mainland's transition from traditional lighting to LED lighting fixture manufacturing is still quite competitive globally. PIDA pointed out that because the lighting market in various countries is still dominated by international or regional major lighting companies, Taiwan's overall influence in the global lighting market is still not high, which is not conducive to the long-term development of the LED packaging and module industry.
PIDA believes that Taiwan must cooperate with international manufacturers through flexible strategies to strengthen the application of LED to the sea. On the other hand, on the basis of the development of Taiwan's LED industry, it is necessary to focus on several high-potential niche products, such as ultraviolet UV and infrared IR LED products, to strengthen product differentiation and break through the existing development pattern.
Precision optical components are closely related to the development of smart handheld devices
Driven by the launch of new products by mobile phone brands, the output value of Taiwan's precision optical components in 2014 increased by nearly 20% compared with the same period in 2013, and the output value reached about NTD 977.7 billion. In terms of product technology trends, 8 million pixels have become the basic specifications of smartphone lenses. Tens of millions of pixels have appeared in high-end models earlier. Other trends such as thinning, large aperture, and anti-shake, will become precision optical components. The key technology to grab orders from major mobile phone manufacturers.
Nonetheless, not all optical component manufacturers have performed amazingly. According to PIDA estimates, individual manufacturers have only Daliguang, which has entered the world ’s major smartphone supply chains, and its revenue growth is the most amazing. For example, in the first half of 2014, revenue growth reached 54%, accounting for the total revenue of the top ten manufacturers. 44%, with profits as high as 90%. In the first half of 2014, the other 9 companies had a total revenue growth of only 4% and a loss of 713 million yuan. Although there was an improvement in the second half of the year, the phenomenon of the bigger Evergrande may continue Go on.
At the same time, the market for compact digital cameras has also declined due to the popularity of smartphones, and has even spread to the market for interchangeable lens digital cameras. Take Canon, a leading global digital camera manufacturer, as an example. In 2014, it is estimated that the shipments of interchangeable lens digital cameras and portable digital cameras will decline by 19% and 38%, respectively.
The operation of Taiwan ’s digital camera and its lens and lens foundry manufacturers has obviously been squeezed, and growth must be maintained through active transformation. Even those who are mainly in the smart phone market, in the face of the threat of Daliguang's continued expansion of the market, they may need to expand the layout of other emerging optical application markets, such as advanced optoelectronics, Guangyao Technology, etc. to cut into mainland brand mobile phones and second-tier brands There is still room for capacity expansion in the mobile phone or white-brand mobile phone supply chain.
In addition, due to the economic take-off of emerging countries, the demand for related automotive imaging has continued to grow, such as Jialing, Heying, Huajing Branch, etc. have begun to lay out this market. Other markets, such as robot vision applications and lenses for automatic optical inspection (AOI), are also targets that optical component manufacturers can develop.
The solar photovoltaic industry accelerates consolidation and enhances competitiveness
Although the solar photovoltaic industry in Taiwan was affected by the Sino-US dual anti-invasion investigation in 2014, resulting in an 8% decline in the fourth quarter of 2014 compared with the same period in 2013, PIDA believes that it is mainly due to the relatively high growth rate in the first half of 2014. The impact of the anti-investigation has gradually subsided.
In fact, the total output value of Taiwan's solar photovoltaic industry in 2014 still showed positive growth, with an output value of NT $ 170.1 billion, an increase of 11% over the total output value in 2013. Among them, upstream silicon crystal materials are affected by the growth of global demand, with an annual growth rate of 26%, which is the highest growth rate. The total output value of solar cells reached 104.9 billion yuan, still the highest proportion of solar output value, accounting for 62% of the total solar output value of Taiwan. The battery part is the most affected by the double anti-reverse, with an annual growth rate of 7%, which is slightly lower than the overall growth rate.
Looking forward to future development, PIDA believes that most Taiwanese manufacturers will actively adopt merger and acquisition strategies to manage the current treacherous solar energy environment and low-cost competition from mainland players. For example, in addition to the acquisition of Xuhong Optoelectronics and Germany's ALEO high-efficiency monocrystalline module factory, Sino-American Crystal also invested in the downstream system factory Zhenmeijing Energy at the beginning of the year, and is expected to expand the capacity of monocrystalline solar cells to 850MW.
Moody's has also announced a merger with Lianjing Optoelectronics. The combined Moody's will have a capacity of about 3.0GW. If the capacity of Moody's mainland Kunshan plant is added, it is expected to expand from 600MW to 1GW. Moody's is equal to catching up in one breath. At present, Hanwha (3.28GW) with the highest production capacity in the world and Yingli (3.0GW) with the next highest production capacity, Moody's total single crystal solar cell production capacity will also increase from 200MW to 450MW.
Information and communication manufacturers rush into the biomedical optoelectronics market
According to PIDA estimates, the output value of Taiwan Biomedical Optoelectronics was NT $ 46.6 billion in 2014 and is expected to reach NT $ 57.5 billion in 2017, with a compound annual growth rate of 7%. The contribution of output value is mainly from 47% of photoelectric measurement, 23% of medical imaging and 30% of optical therapy.
PIDA believes that since Biomedical Optoelectronics is still in its infancy, it will still show high growth in the future, and the annual compound growth rate will remain at 6% to 7%. Among them, the growth rate of contact lenses in optical therapy is the most obvious. The output value increased from 12.2 billion yuan in 2013 to 13.8 billion yuan in 2014, with a growth rate of up to 13%.
Due to optimistic about the high gross profit and the daily consumables market, there will be more information and communication manufacturers investing in the biomedical optoelectronics market in the future. PIDA believes that product features will be the key to future success. For example, information and communications companies are expected to make breakthroughs in the fields of health care, medical testing and other biomedical fields. The biomedical optoelectronics market is also expected to become the future star of the optoelectronic industry.
