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Touter, Senior Field Marketing Manager of  Aixtron discussed innovative MOCVD solutions and developments at LEDforum 2014, hosted by LEDinside last month in Taipei, Taiwan. The German MOCVD manufacturer's  R&D investment reached nearly US $100 million annually, and has recently sealed a deal with China’s top LED manufacturer San’an Opto to sell 50 MOCVD .

The global LED market has been gradually growing in recent years, said Touter. In 2013, the total LED global market revenue reached US $14 billion, and is expected to grow at a Compound Annual Growth Rate (CAGR) of 13% to reach $26 billion by 2018. Solid state lighting application revenue is also projected to increase at a CAGR of 27% to reach US $14.9 billion by 2018, and estimated to account for 50% of LED growth. This indicates LED lighting market penetration will continue to climb up, and spur overall LED market growth. This shows LED manufacturers are facing difficult challenges, and reducing costs will continue to play a key role in maintaining profitability.