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Photonics industry revenue forecast to possibly exceed NT$2.3 tril. in '14

TAIPEI, Taiwan -- The Photonics Industry & Technology Development Association (PIDA) recently said the overall revenue of Taiwan's photonic industry is expected to exceed NT$2.3 trillion, slightly up 3 percent from 2013.

PIDA's growth forecast is based mainly on new applications of light emitting diodes (LEDs) and LED lighting, photovoltaic technology and displays, as well as markets to emerge this year.

PIDA pointed out that market prospects are likely to brighten for Taiwanese photovoltaics suppliers this year, as mainland China has been actively encouraging local suppliers to focus on domestic sales instead of exports since the U.S. and Europe formally imposed punitive duties on China-made photovoltaic products, and to merge in order to restructure the industry.

Those ongoing transitions, PIDA emphasized, will not just make China a potentially lucrative, accessible market for Taiwanese suppliers, but also enable them to take over the market share that their mainland counterparts have gradually lost in the U.S. and Europe due to antidumping punishments.

Regarding the panel market, PIDA noted that the application of 4K displays will particularly sustain the display panel sector's growth; and the steadily growing market demand for solar power in China will help drive the growth of Taiwanese photovoltaic companies.

Taiwan's display panel sector will attain overall revenue of about NT$1.64 trillion this year, for a 3.3-percent increase compared to 2013, PIDA predicted.

PIDA's statistics, which show global shipment of 4K televisions surging over 900 percent annually to some 640,000 units last year, further testify its optimism about the emerging segment.

With ever more TV brands heavily promoting such models, global shipments are expected to double this year, PIDA noted.

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