Edison Opto reported December revenues of NT$195 million (US$6.4 million), an increase of 2.01% on year. The accumulated revenues for 2011 reached NT$2.486 billion, a 17% decrease comparing to 2010.

Edison believes the industry will continue to face challenges in 2012 and only the firms with the best management skills can win. Edison expects the market to return to normal in second-quarter 2012.

Market research indicated the global LED packaging and lighting output value has been growing in 2011, reaching US$16.7 billion, 11% growth on year. Taiwan-based upstream chips and packaging output value ranks number one in the world with a global market share reaching 28%, worth US$4.7 billion. Japan has market share of 25% while South Korea jumped from 3-5% to 20%.

Industry sources believe the penetration rate of LED lighting will reach 10%. The penetration rate is likely to continue growing steadily as numerous governments in the world have been announcing energy conserving policies that include switching traditional lightings to LED lightings. Industry sources added that the penetration rate of LED lighting will possibly reach 15% in 2013.