On December 24, over 30 Taiwan-based LED manufacturers launched the LED Lighting Industry Alliance as a continuation of the LED Street Lighting Industry Alliance. LED manufacturers such as Everlight Electronics Co, Lextar Electronics Corp, Formosa Epitaxy Inc, and Unity Opto Technology Co are members of the alliance, which aims to facilitate communication between alliance members and make recommendations to government concerning the LED industry.

According to ITRI, the LED lighting industry’s compound growth rate is forecast to reach 32% between 2010 and 2020, with the global LED lighting market worth as much as USD72.74bn by 2020. China is forecast to be the biggest LED lighting market.

Tan Chang-lin, chief executive officer of TSMC Solid State Lighting Ltd, forecasts rapid growth in the LED lighting industry in 2013, driven by solid-state lighting. He estimates that sales of LED-backlit products will remain flat in 2013, but LED lighting devices will grow by at least by 30% year-on-year.