From Technologies to Market

Photo credits: Department of Chemistry University of Munich (LMU), Flimlux , Christie, Glare LED Lights

Sample

November 2017

Phosphors and

Quantum dots:LED Downconverters

for Lighting and Display

Applications

2

Biography & contact

ABOUT THE AUTHOR

• LED Packaging

• LED Front End Manufacturing

• III-V Epitaxy

• Bulk GaN

• GaN on Silicon

• Status of the LED Industry

• Sapphire Market & Applications

• Phosphors and Quantum Dots

• OrganicTFTs

• MicroLED Displays

• Quantum Dots and Wide Color GamutTechnologies for Displays.

Contact: virey@yole.fr

Eric Virey is a Senior Market and Technology Analyst at Yole Développement. Eric is a daily contributor to thedevelopment of LED, OLED, and Displays activities at Yole, with a large collection of market and technologyreports as well as multiple custom consulting projects: business strategy, identification of investments oracquisition targets, due diligences (buy/sell side), market and technology analysis, cost modelling, technologyscouting, etc. Thanks to its deep knowledge of the LED/OLED and displays related industries, Eric has spoken inmore than 30 industry conferences worldwide over the last 5 years. He has been interviewed and quoted byleading media over the world.

Previously Eric has held various R&D, engineering, manufacturing and business development positions withFortune 500 Company Saint-Gobain in France and the United States.

Dr Eric Virey holds a Ph-D in Optoelectronics from the National Polytechnic Institute of Grenoble. Eric is alsoauthor / co-author of multiple reports (examples below) and contributed to various custom projects.

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TABLE OF CONTENTS

• Executive Summary p16

• LED Downconverters: Overview and Basic Requirements p55

• Phosphors p56

• How to make white light?

• Key requirements for led downconverters

• Temperature stability

• Particle Size Distribution and Morphology

• Angle color consistency

• Textured phosphors

• Binders p67

• Overview

• Thermal conductivity

• Optical Index

• Established Materials: Silicones

• Desired Characteristics

• Emerging Binder Materials

• Example: Solgel Materials

• Color Quality Metrics p78

• Correlated Color Temperature (CCT)

• Color Rendering Index (CRI)

• CRI Limitations

• IES TM-30-15

• Illustration

• CRI vs IES TM-30-15 and Current Status

• Conclusions

• LED Market Trends p89

• Overview p90

• LED Packages

• LED Industry Growth Cycles

• Maturation of An Industry

• Growth strategies

• Recent Evolution In The LED Packaging Industry

• LED Market Trends – Displays

• Lighting p97

• Evolution of the Solid state Lighting Industry

• Spectral Engineering

• Thrust Areas for Higher addedValue

• Phosphor Central Wavelength Tunability

• General Lighting Applications

• Spectral Engineering

• High CRI Efficiency Losses

• Near UV-Violet chip + RGB phosphor solutions

• Spectral Engineering Example: Nichia, Seoul Semiconductor

• Human Centric Lighting:

• Circadian Rhythms

• Specialty Lighting.

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TABLE OF CONTENTS

• Horticultural Lighting p122

• Introduction

• Effect of Wavebands On the Plant

• Benefits

• Light Sources comparison

• Benefit of LEDs For Horticultural Lighting

• Applications

• Products

• Laser and High Power Density Sources p134

• Overview

• Projection

• Challenges

• Automotive

• Laser for General Lighting

• Impact On Phosphor Requirements p146

• Narrowband Downconverters

• Comparison of Existing Solutions

• Discussion

• Phosphor Droop

• Summary:What is Needed?

• Requirements for Display Applications p156

• Color Gamut

• Standard LED LCD TVs

• The major Color Gamut standards

• The UHD alliance

• UHD Color Gamut Requirements

• Structure of an LCD display

• How to Deliver BT.2020?

• Downconverter Requirements

• Nitride And Oxynitrides Phosphors

• PFS and KSF Phosphors

• Possible Limitations of PFS

• Narrowband phosphors in commercial displays

• The quest for a Narrowband Green Phosphor

• Other Phosphors In Displays

• Examples

• Quantum dots benefits

• Quantum Dots Implementations

• Quantum Dots In Backlights: 1d” and “2D” geometries.

• Quantum Dots In Backlights: 1d” and “2D” geometries.

• Status

• Summary

• Color filters in Traditional Displays

• Quantum Dots “Color filters” (QDCF)

• Adoption Drivers and Stoppers

• Comparative Performance of LCD, OLED, QD Films and QDCF

• Status

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TABLE OF CONTENTS

• Summary: Narrowband Emitters for Wide color gamut

• Downconverter Configurations p190

• Downconverter configurations and deposition methods

• On-Chip Downconverters p192

• Overview: Various types of on-chip conversion

• Volume conversion deposition technologies

• Wafer-Level Coating

• Phosphor Sheets

• Ceramic Preforms

• Status

• Composite Preforms

• Example: Phosphor In Glass (PIG)

• Single crystal preforms

• Illustration: Laser Lighting

• Summary

• Conclusion

• Remote Downconverters p218

• Overview

• Benefits & Drawbacks

• Reducing Downconverter Amount

• Performance optimization

• Application trends

• Intellectual Property

• Summary

• Phosphor Compositions p232

• Introduction p234

• Overview

• Price trends

• Price Trends: Q4-2017 ASP

• Garnet Phosphors p238

• Overview

• Tunability

• Commoditization

• Intellectual Property

• YAG/GaYAG PRICE TRENDS

• LuAG Price Trends

• Conclusions

• Silicates p247

• Overview

• Silicate For Spectral Engineering

• Intellectual Property

• Silicates Price Trends

• Conclusions

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TABLE OF CONTENTS

• Nitrides and Oxynitrides p254

• Overview

• Major Commercial compositions

• Performance Trends

• New compositions:Yellow

• New Compositions: Red

• New Nitride Compositions: green and Cyan

• CarbidoNitride and Oxycarbidonitrides

• Supply and Performance

• Intellectual Property

• Manufacturing and Cost Aspects.

• Nitrides & Oxynitrides Price Trends

• Conclusions

• PFS and KFS p273

• Overview

• Challenges

• Performance Trends

• Intellectual Property

• Competitive Landscape

• KSF- PFS Price Trends

• Conclusions

• Emerging Material Families p282

• Overview

• Mn4+ Activated Phosphors

• Examples

• Search for blue/green - Cyan Phosphors

• New Strategies for Narrowband Red

• Perovskite

• Experimental Results

• Conclusion

• Quantum Dots for Lighting p291

• What is a quantum dot?

• Structure

• Compositions

• Benefits in Lighting Applications

• Challenges for lighting applications

• Recent Developments

• Remaining Challenges

• Conclusions

• Volume and Revenue Forecast p305

• Methodology

• Challenges: volume quantifications

• 2015 vs 2017 Models: chip Surface

• 2012-2020 forecast: Surface of downconverted LED

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TABLE OF CONTENTS

• Phosphor Quantities per LED Chip Surface

• Trends in conversion Schemes: Entry-Level Displays

• Trends in conversion Schemes:Wide Color Gamut Displays

• 2017 - 2022 WCG TV Technology Breakdown

• OLED TV Capacity Constraints

• Small Displays

• Trends in Lighting: CRI

• CRI vs phosphor Blends

• Downconverter Material Trends

• Focus: PFS

• 2015-2022 Phosphor Volumes for On-Chip conversion

• 2017-2022 material family Breakdown

• Remote phosphor hypothesis

• 2015-2022 Phosphor Volumes for Remote configurations

• 2015-2022 Total PhosphorVolumes (RP + On-Chip)

• Revenue forecast: challenges and hypothesis.

• 2015-2022 revenue Forecast for On chip conversion

• 2015-2022 Total revenue Forecast for Remote Phosphors [1]

• 2015-2022 Total revenue Forecast (On-Chip + Remote)

• Conclusions On Phosphors

• Quantum Dots in displays : Overview

• 2017 - 2022 QD Film ASP Cost Breakdown and Forecast

• Quantum Dots in displays: 2017-2022 Revenue Forecast

• Quantum dots in Lighting.

• Competitive Landscape p341

• Phosphors p342

• Overview

• Major Phosphor Suppliers By Location

• Historical Perspective & Evolution

• Evolution

• Captive Market and Geographic breakdowns

• Top 3 phosphor suppliers

• Other Leading International suppliers

• Leading companies

• SWOT Analysis for Selected Suppliers

• Focus on China

• Overview Of Chinese Phosphor suppliers

• Conclusions

• Quantum Dots (Display Applications) p363

• Tier-1 Players – Established, or Currently Entering the Supply Chain

• China’s QD Ecosystem

• Conclusion p366

• Yole company presentation p368

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SCOPE OF THE REPORT

LEDs Plasma Display

Compact & Linear

Fluorescence

Screen

PhosphorResidential

Commercial

Industrial

Municipal / Street

Portable/personal

Automotive

Screen

Phosphors

LightingDisplays

Mobile devices

Laptops

Monitors

LCD TVs

Large video screens

CRT Display

Cold Cathode

Fluorescence

OthersFluorescent Lamps

CCFL for

backlight

Downconverters

Fluorescent

marking

IR-VIS up or

down-

conversion

Radiation

detection

(scintillators)

for nuclear

imaging

(Industrial,

Safety,

Medical…)

Image

Intensifiers

LCD Display

Scope of the Report

Applications essentially extinct as of 2017

Note: The report does not provide analysis and quantifications of the

phosphor manufacturing and dispensing markets

(dispensing, curing, sintering…)

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OBJECTIVE OF THE REPORT

• A downconverter is a material that has the capacity to absorb photons at a given wavelength and restitute light at a higher wavelength (= lower

energy). Downconverters are used in conjunction with blue LEDs to create light sources emitting various colors including white. Two types of

downconverters are used in the LED industry: traditional phosphors and Quantum Dots.

• The objective of the report is to provide the reader with a comprehensive review of the LED downconverter markets,

technology trends, competitive landscape and price trends. Detailed volumes and revenue forecast are provided for each

downconverter group (phosphors and Quantum Dots).

• For readers new to the LED downconverter industry, the report provides an overview of the key requirements and specifications for use in the

major LED applications: lighting and displays. The fundamentals of color rendering and color gamut are explained, as well as how application-

specific requirements impact the choice of a downconverter material.

• The major configurations (on-chip and remote) are presented and trends analyzed.

• Analyses of major trends in LED applications that are driving new phosphor requirements (High CRI lighting, Human Centric Lighting,

Horticultural lighting…)

• A thorough review of the major established and emerging phosphor families is presented as well as adoption and market trends for each

compositions.

• Competitive landscape with a special focus on China provides the reader an in-depth understanding and knowledge of established and emerging

players in the industry.

• Price trends are discussed globally and for each material family.

• Complete review of Quantum Dot applications in displays and lighting is provided.

• Detailed volume and revenue forecast are provided for both traditional phosphor and quantum dots.

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REPORT METHODOLOGY

Market segmentation methodology

Market forecast methodology

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REPORT METHODOLOGY

Technology analysis methodology Information collection

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ACRONYMS

• AMOLED:Active Matrix OLED

• ASP:Average Selling Price

• BLU: Backlight Unit

• BOM: Bill Of Material

• CapEx: Capital Expenditure

• CASN / SCASN: (Substituded) CaAlSiN3:Eu2+

phosphor

• CCT: Correlated Color Temperature

• CF: Color Filters

• CIE: Commission Internationale de l’Eclairage

• COB: Chip On Board

• CQS: Color Quality Scale

• CRI: Color Rendering Index

• CSP: Chip Scale Package

• CTE: Coefficient of Thermal Expansion

• EL-QD: Electro-luminescent Quantum Dot

• EQE: External Quantum Efficiency

• FC: Flip Chip

• FWHM: Full Width at Half Maximum

• GAL: Green Aluminate

• HCL: Human Centric Lighting

• HD: High Definition

• HDR: High Dynamic Range

• IES: Illuminating Engineering Society

• IGZO: Indium Gallium Zinc Oxide (TFT)

• IP: Intellectual Property

• IQE: Internal Quantum Efficiency

• LCD: Liquid Crystal Display

• LED: Light Emitting Diode

• LER: Luminous Efficacy of Radiation

• LSN/LYSN: Lanthanum Silicate Nitride Phosphors

• LTPS: Low Temperature Polysilicon

• LuAG: Lutetium Aluminum Garnet

• NTSC: National Television System Committee

• OEM: Original Equipment Manufacturer

• OLED: Organic Light emitting Diode

• PFS: Potassium Fluoro-Silicate (AKA: KFS)

• PPI: Pixel Per Inch

• QD: Quantum Dots

• QDCF: Quantum Dot Color Filter

• QDEFTM: Quantum Dots Enhancement Film (Nanosys)

• QY: QuantumYield

• RGB: Red Green Blue

• RoHS: Restriction of Hazardous Substances.

• SDR: Standard Dynamic Range

• SMD: Surface Mounted Device

• SSL: Solid State Lighting

• TFT: Thin Film Transistor.

• UHD: Ultra High Definition

• UPH: Units Per Hour

• WCG: Wide Color Gamut

• WOLED:White OLED

• YAG:Yttrium Aluminum Garnet (phosphor)

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COMPANIES CITED IN THE REPORT

3M (US), Aiddis (CN), APT (CN), Asahi Rubber (JP), Audi (DE), Barco (BE), Beijing Yuji Science and

Technology (CN), BMW (DE), Bridgelux (US), Bright Phosphor Corporation (CN), Casio (JP), Chimei

(TW) ,China Glaze (CN), Citizen Electronic (JP), Cree (US), Crytur (CZ), Daejoo (KR), Denka (JP),

Disco (JP), Dolby (US), Dott (TW), Dow Corning (US), EMD (US), Evateg (TR), Everlight (TW), Flory

(CN), Force4 (KR), Fulight (US), General Electric (US), Gllepe (KR), GPD Global (US), Grirem (CN),

Hangzhou YingHe (CN), HC-Semitek (CN), Hisense (CN), HKUST (HK), Honglitronics (CN), Intematix

(US/CN), Jiangsu Bree (CN), Jufei (CN), JVC (JP), Keheng (CN), Kyocera (JP), Ledphor (CN), Lextar

(TW), Light Polymers (US), Lumenari (US), Lumileds (US), LWB (DE), Materion (US), Merck (DE),

Mitsubishi Chemical (JP), Mitsui Kinzoku (JP), MLS (CN), Mujin (KR), Nanoco (UK), Nanosys (US),

Nationstar (CN), Nemoto (JP), Nichia (JP) , NIMS (JP), Nitto Denko (JP), NTK Ceratek (JP), Osram

(DE), Pacific Light Technology (US), Panasonic (JP), Philips (NL), Phosphor Tech (US), Raypower (CN),

Refond (CN), Dalian Luming (CN), San'an (CN), Seoul Semiconductor (KR), Shareshine (CN), Sharp

(JP), Solgelway (FR), Sony (JP), Soraa (US), Suijing (CN), Sunfor (CN), TCL (CN), Techore Synchem (CN),

Tridonic (DE), Toray (JP), Toshiba (JP), Toyoda Gosei (JP), UBE (JP), Unity Opto (TW), UPRtek (US),

Wooree (KR), Xicato (US), Yantai Shield (CN), Yuanda Phosphors (CN), YujiLED (CN), ZhongKe

XinYuan (CN).

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Business model

& infrastructure

- Lighting as a service,

leasing models

SOLID STATE LIGHTING: THRUST AREAS FOR HIGHER ADDED VALUE

Spectral engineering is a major thrust area for the

new generation of smart, high added value LED lighting

systems

Business model

& infrastructure

Human & Environment

Centric Lighting:

- Circadian cycle adjustment,

health care, productivity…

- Light pollution, impact on

ecosystems…

- Environmental friendly

materials

Environmental friendly

materialsVisible/invisible

Light

Communication

(VLC)

- IoT, data transmission

- Geo-localization

Visible/invisible

Communication

transmission

Smart Lighting/Smart

buildings:

- Sensors: occupancy, motion sensors,

color, illuminance…

- Smart building interfacing, daylight

harvesting

- Learning responsive light: adjusts to

environment, occupancy patterns

- Integration with in objects, furniture,

windows…

Spectral Engineering ConnectivityIntelligence

(Software, hardware)

objects, furniture,

Specialty Lighting

- Horticultural

- Retail, museums,

Industrial (e.g. clean

room)

Design

New form factors,

materials

Unique functionalities

and added value

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TRENDS IN LIGHTING: CRI

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COLOR QUALITY METRICS: IES TM-30-15

• TM-30-15, developed by the Illuminating Engineering Society (IES), is a method for evaluating the color rendition

capabilities of a light source. It includes numerous measures that quantify different aspects of color rendering, such

as fidelity and gamut. It incorporates most of the NIST (national Institute of Standards and Technology) previous

work on its “Color Quality Scale (CQS).

• TM-30-15 encompasses several individual measures and graphics that provide a comprehensive characterization of

how the light will affect the color appearance of objects. The three highest-level components of the system are 2

index numbers and a graph:

TM-30-15 can help understand what source will be preferred in a given application. In contrast, the

CIE’s CRI is purely a method for

evaluating color fidelity

Fidelity Index (Rf):

The average of the color difference

between the test and reference conditions.

This is similar to the CRI but over 99 color

samples. The Rf values range from 0 to

100, with 100 indicating an exact match

with the reference.

Gamut Index (Rg):

Measures relative gamut (area enclosed by

the chromaticity of a set of 16 color

samples) and provides information about

saturation. A score >100 means increased

average saturation compared to the

reference source, and a score < 100

indicates decreased average saturation.

Color Vector Graphic:

A visual representation of hue and chroma

shifts for all colors. This graph conveys what

types of colors are more or less saturated

under the tested light source relative to

the reference illuminant. It also shows

where hue shifts occur.

Rf Value Rg Value

Desaturated

(Rg<100)Accurate

(Rg=100)

Saturated

(Rg>100)

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SPECTRAL ENGINEERING

• In the early days of the SSL industry, adjusting the CCT by changing the concentration of the broadband garnet or

silicate yellow phosphors was essentially the only degree of freedom. Today, light source designers have a more

complete toolbox of downconverters and emitters allowing them to create essentially any spectral distribution:

Spectral engineering is the

ability to reproduce any spectral light

distribution to mimic natural or

artificial light sources or create

any unique spectra for a

specific application

LED chips

• In/AlGaN: UV, blue, green

• InAlGaP: Red, orange

Phosphors

• Garnets, silicates, nitrides

and oxynitrides: some center

wavelength tunability

• PFS: fixed wavelength

• Others: MGF, apatites…

LED chips

• In/AlGaN: UV, blue, green

• InAlGaP: Red, orange

Phosphors

• Garnets, silicates, nitrides

and oxynitrides: some center

wavelength tunability

• PFS: fixed wavelength

• Others: MGF, apatites…

Quantum Dots

• Cadmium-based and Cadmium

free: tunable center wavelengthImage: Osram, Phosphor Global summit 2016

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HUMAN CENTRIC LIGHTING:

The overall objective of HCL

is to adjust brightness,

colors, and color temperatures of light sources to levels that are

optimum for any particular setting

and task.

HCL

Spectral Engineering

Color rendering and temperature

Dynamic Adjustment with time, task

and mood (Color, CCT, brightness)

Intelligence & Control

Identify patterns, use feedback for optimization

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HORTICULTURAL LIGHTING: INTRODUCTION

Leaves contain pigments used in photosynthesis

and other cellular process. Pigments

absorb energy from sunlight and use it to produce

chemicals and enable various

biological mechanisms

0

0,1

0,2

0,3

0,4

0,5

0,6

0,7

0,8

0,9

1

300 350 400 450 500 550 600 650 700 750 800

Rel

ativ

e in

ten

sity

Wavelength (nm)

Chlorophyll B Chlorophyll A Carotenoids Phytochrome far red

Phytochrome red Cryptochromes Phototropins Sunlight

Chlorophyll-a:

• Absorption peaks at 430nm and 662nm

• The primary pigment for photosynthesis in plants. Gives plants their green

color (absorbs red and blue). Present in all photosynthetic organisms

except from some bacteria.

Chlorophyll-b:

• Absorption peaks at 453nm and 642nm

• There is usually about half as much chlorophyll-b as the -a variety in plants.

• Exhibits a blue-green visual color. Present in all plants, green algae and some

prokaryotes.

Carotenoids (α/β-Carotene, Lycopene, Xanthophyll):

• Strong absorption between 420nm and 485nm

• Red-orange pigments abundant in plants, fruits, vegetables and whole grains

• Contributes to photosynthesis and protects from excessive light damage.

Other pigments:

• Present in some plants to extend the wavelength range of photosynthesis

to compensate for low light environments or poor use of light.

• Phytochromes (660 and 730 nm peak) : Influence germination, plant growth,

leave building and flowering.

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PHOSPHOR VOLUMES FORECAST (RP + ON-CHIP)

The Total volume of

phosphors used in the LED industry is

expected to Peak in 2020 at

355 tons.

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COLOR FILTERS IN TRADITIONAL DISPLAYS

• In traditional LCD

displays, white light

constituted of the 3

primaries emerges from

the liquid crystal cell and

enters the color filters.

• Roughly 2/3rd of that

total light is therefore

absorbed by the filters at

each subpixels, leading to

very low overall

efficiency of an already

optically complex display

stack.

• The overall optical

efficiency of an LCD

display is typically only

about 6%.

In LC displays, about 2/3rd of

the light available after

the first polarizer is lost

in the color filters.

~43%

100%

~ 28%

~9%

~ 6% Polarizer - Light out

Color filters

TFT matrix [1] + LCD

Polarizer

LED sources

[1] Value depends on the TFT matrix aperture ratio

Optical efficiency of LC Displays: how much light gets out ?

Blue LED Backlight

Polarizer

TFT Matrix

Polarizer

. . . . . . . . . . . . .. . . . . . . . . . . . . . . . . .

White light from

narrowband R,G,B

primaries

Red + Green QD Film

LC

cell

Light Guide Plate

Additional optics (brightness

enhancement films, diffuser)

Color filter substrate

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SINGLE CRYSTAL PREFORMS

• Alternatively to ceramic, garnet single crystals (YAG, GaYAG, LuAG…) can also be used for phosphor preform.

• Single crystal have no grain boundaries and therefore exhibit no backscattering and minimized self absorption while

thermal conductivity is maximized.

Single crystal phosphor

preforms further improve thermal performance and reduce scattering

compared to ceramic.

Pictures and Illustrations: Crytur

Crystal Growth Wafering Surface finishing /

structuringDicing / Binning

ShapingAssembly

Typ. Thickness: 200 µm. Pin holes

and connector cut-outs

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YAG/GaYAG PRICE TRENDS

• YAG prices have dropped

dramatically over the last 5 years. In

some cases, Chinese phosphor

suppliers are offering YAG below

cost to lure LED packagers into

buying higher added value products

such as Nitrides. ASP in China range

between $XXX to $XXX/kg and

contrary to the situation in 2015,

some excellent quality products can

be found in the middle of this range.

• Nevertheless, YAG price can still

reach up to $XXX for highly

customized products with top

performance.

• At the lowest prices, not even the

raw materials cost is covered.

Suppliers often cut corners by

employing lower purity raw

materials (3N or less) and

eliminating most of the quality

controls.

YAG prices have reached

bottom. The technology is

now fairly mature and there’s little

additional room for cost

reduction.

Picture: Yuji Electronic And

Technology Co., Ltd

Picture: Yuji Electronic And

Technology Co., Ltd

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PFS/KSF: INTELLECTUAL PROPERTY

• PFS was developed and patented by GE. Its use has spread rapidly among display makers and as of Q4-2017, GE had

already granted licenses to 18 LED packaging companies for using the material in LEDs for display applications[1].

• The company manufactures and sells its own PFS, but the material is also available from other phosphor manufacturers.

This allows potential users to have multiple sources of material and a broad choice or specifications and prices.

• However, licenses do NOT include use for lighting applications which is strictly restricted to GE own lighting products

A license from GE is required to use PFS in displays. The

material itself is available from

multiple sources.

[1]: the technology is trademarked by GE as “RadiantRed™“.

LED / Module Makers

• xxx (CN)

• xxx (JP)

• xxx (TW)

• xxx (CN)

• xxx (TW)

• xxx (CN)

• xxx (JP)

• xxx (CN)

• xxx (KR)

• xxx (JP)

• xxx (CN)

• xxx (JP)

• xxx (TW)

• xxx (KR)

• …

PFS

Licenses

PFS

Phosphor

Displays

Smartphones, laptops,

monitors, TVs

LG G5

Samsung KU7000

Sony X850D

LG UH9500

Apple iMac

Retina 5k Sharp Aquos

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QUANTUM DOTS FOR LIGHTING: RECENT DEVELOPMENTS

• Lumileds first QD packaged LED was made possible by Pacific Light Technology (PLT) achievements in improving their QD

stability and compatibility with standard LED manufacturing practices including the use of standard silicone binders.

• Those enables PLT QDs to be drop-in phosphor replacements for mid power LED package manufacturing (below).

Illustration: Pacific Light Technology©2017 | www.yole.fr | LED Downconverters | Sample

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CRI VS PHOSPHOR BLENDS

>80

>90

>95

Minnesota DOT

Roadway, street light, high bayRoadway, street light, high bayRoadway, street light, high bay

Intematix

Roadway, street light, high bayRoadway, street light, high bay

Illuminex Lighting

Office

Lighting

Residential

Illuminart

Residential

High end residential

Smarthomes DLC Lumisheet

Color evaluationMovie, Photography,

TV Broadcasting

Museum

CRI

Commercial / retail / residential Specialty Lighting

>70

Outdoor / Industrial

100

Health Care

DLC Lumisheet

Commercial

Smarthomes DLC

CommercialCommercialCommercialCommercialCommercial

E.On

High end retail

XXX phosphors:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxxxx

XXX phosphors:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxxx

XXX phosphors:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxxx

XXX Phosphors:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxxxxxxxx.

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2017-2022 MATERIAL FAMILY BREAKDOWN

• KSF or other Mn4+ phosphors will increase volume share significantly, however, this value also reflects the fact that

due to its low absorption, PFS quantity in LED packages is typically XX to XX times higher than for nitride.

• Unless performance increases further and cost decrease to levels comparable to YAG, we expect

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xxxxxxx.

• Xxxxxxxxxxxxxxx…

Garnets will remain the dominant

phosphor family with 60-70% of the market in

volume.

Total: xxx

metric

tons

Total: xxx

metric

tons

©2017 | www.yole.fr | LED Downconverters | Sample

29

OVERVIEW OF CHINESE PHOSPHOR SUPPLIERS

Tier 1

Tier 2

Tier 3

Acquired in 2016. XXXX was

a XXX supplier. Production is

now integrated with XXX

©2017 | www.yole.fr | LED Downconverters | Sample

30

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©2017 | www.yole.fr | LED Downconverters | Sample

Key patents held by Nichia and Osram have started expiring in 2017 and will continue to do so in 2018. While both companies have since built on those patents and created broad families of intellectual property (IP), it will become much more difficult for them to prevent competitors from using garnet phosphors in their LED packages.

As a result, phosphor families such as silicates and yellow nitrides (LYSN) are expected to lose market share as LED packagers transition to garnets. The switch will especially affect silicates, which are perceived to have lower performance than yttrium aluminum garnet (YAG) and other garnets, However, some of the most recent silicate compositions developed by tier-1 suppliers are now matching YAG performance but come at a premium price. Leading phosphor suppliers with

a strong focus on silicate materials must therefore diversify their portfolio. They need to create new silicate compositions with unique features to meet specific demands in various high added value lighting applications.

LYSN might fare better in the long term. Yellow nitrides have exhibited steady and continuous performance improvement since entering the market in 2010. The material is already matching garnet performance in most aspects and, being less mature, still offers significant room for improvement. Attractive features of yellow nitride include a lower infrared tail that could translate to higher efficiency compared to YAG. Leaders in nitride phosphors could therefore find a new growth driver as the red nitride market reaches saturation.

PHOSPHORS AND QUANTUM DOTS 2017: LED DOWNCONVERTERS FOR LIGHTING AND DISPLAYSMarket & Technology report - November 2017

EXPIRATION OF FUNDAMENTAL INTELLECTUAL PROPERTY CHANGES THE MATERIAL LANDSCAPE

Volume saturation, price pressure and a shifting intellectual property landscape are forcing the LED phosphor industry into a rationalization period, with innovation key for survival.

KEY FEATURES OF THE REPORT Get the sample of the report on www.i-Micronews.com• A comprehensive market and

technology report on LED downconverters

• Trends in downconverter architectures and dispensing methods including on-chip, remote, phosphor sheets, ceramic preforms, phosphor-on-glass and sol-gel

• Details status for all major phosphor families such as garnets, silicates, nitride/oxynitrides, potassium fluorosilicate and emerging families

• Quantum dots in lighting and displays

• Price trends• Phosphor volume and revenue

forecast• Competitive landscape: leading

suppliers, focus on China

WHAT’S NEW • Updated analysis of the market and

technology trends for traditional LED phosphors

• Overview of recent trends in the solid state lighting industry such as high color rendering indices, human centric lighting, horticultural lighting and laser lighting

• How those trends are bringing more demand for LED downconverters and driving innovation

• Detailed analysis of downconverter requirements for displays

Evolution of the competitive landscape

2008-2012 <2008 2012-2015 > 2016

“Big 5” LED makers • Few independent phosphor makers

Display backlight• BLU applications drive strong growth • New domestic phosphor makers

Solid state Lighting and China• General lighting takes off. • Strong growth of Chinese LED industry

spurred by central government 5 year planplan

Maturation • Strong growth in general

lighting, higher added value application

• Rationalization of phosphor industry

(Yole Développement, November 2017)

QUANTUM DOTS HAVE FINALLY TRANSITIONED FROM A SCIENCE PROJECT INTO A BILLION-DOLLAR INDUSTRY AND NEW PHOSPHORS ARE EMERGING

For wide color gamut (WCG) TVs and

monitors, potassium fluorosilicates (PFS/KSF)

and phosphors in general are being challenged

by quantum dots (QDs), which are gaining rapid

acceptance. In 2017, QDs can be found in 47% of

WCG TVs. QDs deliver the best color gamut and

higher efficiency, allowing LCD TV manufacturers

to deliver improved image quality rivaling that of

OLEDs in many regards without having to invest in new fabs.

QDs are therefore set to dominate the rapidly emerging market for high performance WCG TVs and monitors. However, the emergence of a narrow-band green phosphor with the appropriate center wavelength could challenge this dominance and disrupt the market.

PHOSPHORS AND QUANTUM DOTS 2017: LED DOWNCONVERTERS FOR LIGHTING AND DISPLAYS

SATURATING VOLUME AND CONTINUOUS PRICE PRESSURE CREATES A CHALLENGING ENVIRONMENT FOR PHOSPHOR SUPPLIERS.

After five years of cut-throat competition that has driven prices to levels that nobody would have believed sustainable just a few years back, phosphor prices halted their free fall in 2016.

The most mature compositions such as garnets have reached bottom. However, nitride, oxynitride and KSF still have room for significant decline that will offset modest volume growth as the LED market reaches saturation toward the end of the decade.

In this environment, we expect further rationalization of the industry landscape with tier-2 and -3 companies in China exiting the business. Most of those companies don’t have any elements of differentiation, be it on performance or manufacturing cost, that would allow them to survive in this business in the mid- and long-term. However, a handful of domestic players such as Grirem or Yuji Science are emerging as long term credible competitors alongside established leaders such as Intematix and Mitsubishi Chemical.

For most phosphor suppliers, the name of the game is to keep reducing costs as volumes increase and

revenue remain essentially flat. However, the LED industry still has unmet needs in terms of phosphors and new trends and applications such as high CRI lighting and human-centric lighting are generating new demands for efficiency and spectral engineering.

Companies able to develop and commercialize new narrow-band red and, to a lesser extent, green materials could last long-term if they can secure their innovations with strong intellectual property. Other needs, such as good cyan phosphors and red ceramics, could enable more companies, including new entrants, to succeed in this challenging market.

Despite increasing commoditization, the LED phosphor industry therefore still offers opportunities for innovative companies. While price ranges for established compositions will narrow, a significant gap between low end and top performers will persist. This will enable some suppliers to keep capturing significant added value through improved material performance, consistency, ability to deliver highly customized products and strong IP.

QDs have also made significant progress toward “on-chip” configurations. Lumileds and Pacific Light Technology have demonstrated the first commercial grade, high color rendering index (CRI) mid-power LEDs based on high-stability QDs. However, more work is needed to reduce the cadmium content to levels meeting international regulations on heavy metals. The technology could be ready for 2019 but whether or not LED makers will be willing to adopt a downconverter solution containing cadmium will depend on the performance gap that those QD-based LEDs will deliver compared to traditional phosphors.

In displays new phosphor compositions have also rapidly gained market share. After the rise of green silicon aluminum oxygen and nitrogen compounds (SiAlONs), red nitrides are being displaced by PFS which has already captured a 34% share in WCG TVs.

Phosphor material volume share evolution 2016-2022

(Yole Développement, November 2017)

0%

20%

40%

60%

80%

100%

2016 2017 2018 2019 2020 2021 2022

Garnets Silicates Nitrides & oxinitrides KSF / Mn4+ Others

>80

>90

>95

Minnesota DOT

Roadway, street light, high bay

Intematix

Illuminex Lighting

Office Residential

Illuminart

High end residential

Smarthomes DLC Lumisheet

Color evaluation Movie, Photography, TVBroadcasting

Museum

CRI

Commercial / retail / residential Specialty lighting

>70

Outdoor / industrial

100

Health Care

DLC Lumisheet

Commercial

E.On

High end retail

2 to 3 phosphors: Typical: 1 or 2 Garnet + 1 or 2 Nitrides

Blue LED pump

2 to 3 phosphors: Typical: 1 or 2 Garnet + 1 or 2 Nitrides

Blue LED pump

3 to 4 phosphors: Typical: 1 or 2 Garnet + 1 or 2 Nitrides

Or: Violet / UV LED pump + RGB

4 Phosphors: At least 1 garnet + 1 nitride + others

Blue, or UV/Violet LED pump.

Trends in conversion schemes for lighting

(Yole Développement, November 2017)

OBJECTIVES OF THE REPORT• Requirements for lighting

and displays• Configurations and

dispensing methods. How they’re impacted by LED packaging technologies

• Trends in phosphor compositions. How application requirements and IP constrain impact composition choices

• How emerging applications in lighting are driving demand for better phosphors

• Competitive landscape: key players, price trends, supply and demand

• How to survive in a challenging market with saturating volumes and strong price pressure

Find more details about

this report here:

MARKET & TECHNOLOGY REPORT

COMPANIES CITED IN THE REPORT (non exhaustive list)3M, Aiddis, APT, Asahi Rubber, Audi, Barco, Beijing Yuji Science and Technology, BMW, Bridgelux, Bright Phosphor Corporation, Casio, Chimei, China Glaze, Citizen Electronic, Cree, Crytur, Daejoo, Dalian Luming, Denka, Disco, Dolby, Dott, Dow Corning, EMD, Evateg, Everlight, Flory , Force4, Fulight, General Electric, Gllepe, GPD Global, Grirem, Hangzhou YingHe, HC-Semitek, Hisense, HKUST, Honglitronics, Intematix, Jiangsu Bree, Jufei, JVC, Keheng, Kyocera, Ledphor, Lextar, Light Polymers, Lumenari, Lumileds, LWB, Materion, Merck, Mitsubishi Chemical, Mitsui Kinzoku, MLS, Mujin, Nanoco, Nanosys, Nationstar, Nemoto, Nichia, NIMS, Nitto Denko, NTK Ceratek, Osram, Pacific Light Technology, Panasonic, Philips, Phosphor Tech, Raypower, Refond, San’an, Seoul Semiconductor, Shareshine, Sharp, Solgelway, Sony Soraa, Suijing, Sunfor, TCL, Techore Synchem, Tridonic, Toray, Toshiba, Toyoda Gosei, UBE, Unity Opt, UPRtek, Wooree, Xicato, Yantai Shield, Yuanda Phosphors, YujiLED, ZhongKe XinYuan... and more.

AUTHORDr Eric Virey serves as a Senior Market and Technology Analyst at Yole Développement (Yole), the “More than Moore” market research and strategy consulting company. Eric is a daily contributor to the development of LED, OLED, and Displays activities at Yole, with a large collection of market and technology reports as well as multiple custom consulting projects: business strategy, identification of investments or acquisition targets, due diligences (buy/sell side), market and technology analysis, cost modelling, technology scouting, etc. Thanks to its deep knowledge of the LED/OLED and displays related industries, Eric has spoken in more than 30 industry conferences worldwide over the last 5 years. He has been interviewed and quoted by leading media over the world.Previously Eric has held various R&D, engineering, manufacturing and business development positions with Fortune 500 Company Saint-Gobain in France and the United States.Dr Eric Virey holds a Ph-D in Optoelectronics from the National Polytechnic Institute of Grenoble.

• LED Packaging 2017: Market, Technology and Industry Landscape

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Executive summary 14

LED downconverters: overview and basic requirements 50Phosphors 51

> How to make white light?> Key requirements for led downconverters> Temperature stability> Particle size distribution and morphology> Angle color consistency> Textured phosphors

Binders 62> Thermal conductivity> Optical index> Established materials: silicones> Desired characteristics> Emerging binder materials

Color quality metrics 73> Correlated color temperature (CCT)> Color rendering index (CRI)> Cri limitations> IES TM-30-15> CRI vs IES TM-30-15 and current status

LED market trends 84> LED packages> LED industry growth cycles> Maturation of an industry> Growth strategies> Recent evolution in the led packaging industry> LED market trends – displays

Lighting 92

> Evolution of the solid state lighting industry> Spectral engineering> Thrust areas for higher added value> Phosphor central wavelength tunability> General lighting applications> Spectral engineering> High cri efficiency losses> Near UV-violet chip and RBG phosphor solutions> Spectral engineering example: Nichia, Seoul Semiconductor> Human centric lighting:> Circadian rhythms

Horticultural lighting 117> Effect of wavebands on the plant> Light source comparison> Benefit of LEDs for horticultural lighting> Applications> Products

Laser and high power density sources 129> Challenges> Automotive> Laser for general lighting

Impact on phosphor requirements 141> Narrowband downconverters> Comparison of existing solutions> Phosphor droop

Requirements for display applications 151

> Color gamut> Standard LED LCD TVs> The major color gamut standards> The UHD alliance> UHD color gamut requirements> Structure of an LCD display> How to deliver BT.2020?> Downconverter requirements> Nitride and oxynitrides phosphors> PFS and KSF phosphors> Possible limitations of PFS> Narrowband phosphors in commercial displays> The quest for a narrowband green phosphor> Other phosphors in displays> Quantum dot benefits and implementations> Quantum dot in backlights: 1D and 2D geometries.> Color filters in traditional displays> Quantum dot color filters (QDCF)> Adoption drivers and barriers> Comparative performance of LCD, OLED, QD films and QDCF

Downconverter configurations 185On-chip downconverters 187

> Volume conversion deposition technologies> Wafer-level coating> Phosphor sheets> Ceramic preforms

> Status> Composite preforms> Single crystal preforms

Remote downconverters 213

> Benefits and drawbacks> Reducing downconverter amount> Performance optimization> Application trends> Intellectual property

Phosphor compositions 227Silicates 242

> Silicates for spectral engineering> Intellectual property> Silicate price trends

Nitrides and oxynitrides 249

> Major commercial compositions> Performance trends> New compositions> Carbidonitrides and oxycarbidonitrides> Supply and performance> Intellectual property> Manufacturing and cost aspects> Nitride and oxynitride price trends

PFS/KFS 268> Challenges> Performance trends> Intellectual property> Competitive landscape> KSF/PFS price trends

Emerging material families 277> Mn4+ activated phosphors> Search for blue/green/cyan phosphors> New strategies for narrowband red> Perovskite> Experimental results

Quantum dots for lighting 286

> Structure and compositions> Benefits in lighting applications> Challenges for lighting applications> Recent developments> Remaining challenges

Volume and revenue forecast 300

> Challenges: volume quantifications> 2015 vs 2017 models: chip surface> 2012-2020 forecast: surface of downconverted LED> Phosphor quantities per LED chip surface> Trends in conversion schemes: entry-level displays and WCG displays> 2017 - 2022 WCG TV technology breakdown > Trends in lighting: CRI> CRI vs phosphor blends> Downconverter material trends> Focus: PFS> 2015-2022 phosphor volumes for on-chip conversion> 2017-2022 material family breakdown> Remote phosphor hypothesis> 2015-2022 phosphor volumes for remote configurations> 2015-2022 total phosphor volumes (RP + on-chip)> Revenue forecast: challenges and hypothesis.> 2015-2022 revenue forecast for on-chip conversion> 2015-2022 total revenue forecast for remote phosphors

(on-chip + remote)> Quantum dots in displays: 2017-2022 revenue forecast> Quantum dots in lighting.

Competitive landscape 333

Phosphors 334

> Major phosphor suppliers by location> Historical perspective and evolution> Captive market and geographic breakdowns> Leading companies> Top 3 phosphor suppliers> Other leading international suppliers> Focus on china> Overview of Chinese phosphor suppliers

Quantum dots (display applications) 353

> Tier-1 players – established, or currently entering the supply chain> China’s QD ecosystem

Yole Développement company presentation 356

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8. MISCELLANEOUS All the provisions of these Terms and Conditions are for the benefit of the Seller itself, but also for its licensors, employees and agents. Each of them is entitled to assert and enforce those provisions against the Buyer. Any notices under these Terms and Conditions shall be given in writing. They shall be effective upon receipt by the other Party. The Seller may, from time to time, update these Terms and Conditions and the Buyer, is deemed to have accepted the latest version of these terms and conditions, provided they have been communicated to him in due time.

9. GOVERNING LAW AND JURISDICTION 9.1 Any dispute arising out or linked to these Terms and

Conditions or to any contract (orders) entered into in application of these Terms and Conditions shall be settled by the French Commercial Courts of Lyon, which shall have exclusive jurisdiction upon such issues.

9.2 French law shall govern the relation between the Buyer and the Seller, in accordance with these Terms and Conditions.

TERMS AND CONDITIONS OF SALES

© 2017

Yole Développement

FromTechnologies to Market

Source: Wikimedia Commons

32©2017 | www.yole.fr | About Yole Développement

FIELDS OF EXPERTISE COVERED BY OUR 35+ ANALYSTS

MEMS & Sensors

Solid State Lighting(LED, OLED, …)

Compound Semi.

Imaging

Photonics

MedTech

Manufacturing

Advanced

Packaging

Batteries / Energy Management

Power Electronics

Displays

RF

Devices &

Techno.

Advanced

Substrates

Software

33©2017 | www.yole.fr | About Yole Développement

3 BUSINESS MODELS

o Consulting and Analysis

• Market data & research,

marketing analysis

• Technology analysis

• Strategy consulting

• Reverse engineering & costing

• Patent analysis

• Design and characterization of

innovative optical systems

• Financial services (due diligence,

M&A with our partner)

www.yole.fr

o Reports

• Market & technology reports

• Patent investigation and patent

infringement risk analysis

• Teardowns & reverse costing

analysis

• Cost simulation tool

www.i-Micronews.com/reports

o Media

• i-Micronews.com website

• @Micronews e-newsletter

• Communication & webcast

services

• Events: TechDays, forums,…

www.i-Micronews.com

34©2017 | www.yole.fr | About Yole Développement

A GROUP OF COMPANIES

Market, technology

and strategy

consulting

www.yole.fr

Due diligence

www.yole.fr

Manufacturing costs analysis

Teardown and reverse engineering

Cost simulation tools

www.systemplus.fr

IP analysis

Patent assessment

www.knowmade.fr

Innovation and business maker

www.bmorpho.com

Design and characterization of

innovative optical systems

www.piseo.fr

35©2017 | www.yole.fr | About Yole Développement

OUR GLOBAL ACTIVITY

30%of our business

40%of our business 30%

of our business

Greater

China office

Yole Japan

HQ in Lyon

Nantes

Paris

Nice

Vénissieux

Europe office

Frankfurt

Hsinchu

Tokyo

Yole Inc.

Phoenix

Yole Korea

Seoul

Palo Alto

36©2017 | www.yole.fr | About Yole Développement

ANALYSIS SERVICES - CONTENT COMPARISON

Multi-

Customers

Action

Technology

and Market

Report

Leadership

Meeting

Q&A

Service

Depth of the analysis

Bre

adth

of th

e a

nal

ysis

Meet the

Analyst

Custom

Analysis

High

High

Low

37©2017 | www.yole.fr | About Yole Développement

SERVING THE ENTIRE SUPPLY CHAIN

Our analysts provide market analysis,

technology evaluation,

and business plans along the entire

supply chain

Integrators and

end-users

Device manufacturers

Suppliers: material, equipment,

OSAT, foundries…

Financial investors,

R&D centers

38©2017 | www.yole.fr | About Yole Développement

SERVING MULTIPLE INDUSTRIAL FIELDS

We workacross

multiples industries to understand

the impact of More-than-

Moore technologies from deviceto system

From A to Z…

Transportation

makers

Mobile phone

and

consumer

electronics

Automotive

Medical

systems

Industrial

and defense

Energy

management

39©2017 | www.yole.fr | About Yole Développement

o Yole Développement publishes a comprehensive collection of market & technology reports and patent analysis in:

• MEMS & Sensors

• RF devices & technologies

• Imaging

• Medical technologies (MedTech)

• Photonics

• Advanced packaging

• Manufacturing

• Advanced substrates

• Power electronics

• Batteries and energy management

• Compound semiconductors

• Solid state lighting

• Displays

o You are looking for:

• An analysis of your product market

• A review of your competitors evolution

• An understanding of your manufacturing and production costs

• An understanding of your industry technology roadmap and related IPs

• A clear view on the evolution of the supply chain

The combined team of 60+ experts (PhDs, MBAs, industry veterans…) from Yole Développement, System Plus Consulting and KnowMade, collect information, identifythe trends, the challenges, the emerging markets, the competitive environments and turn it into results to give you a complete picture of your industry landscape.

In the past 19 years, we worked on more than 2 000 projects, interacting with technology professionals and high level opinion makers from the main players of theindustry.

o Every year, Yole Développement, System Plus Consulting and Knowmade publish +120 reports. Gain full benefit from our Bundle and Annual Subscription offers.

REPORTS COLLECTION

www.i-Micronews.com

40©2017 | www.yole.fr | About Yole Développement

OUR 2017 REPORTS PLANNING (1/2)

MARKET AND TECHNOLOGY REPORTS by Yole Développement

o MEMS & SENSORS

− Acoustic MEMS and Audio Solutions 2017

− Integrated Passive Devices Market Status 2017

− 3D Imaging & Sensing 2017

− Status of the MEMS Industry 2017

− Silicon Photonics 2017*

− MEMS & Sensors for Automotive 2017

− High End Inertial Sensors for Defense and Industrial Applications 2017*

− Magnetic Sensors Market and Technologies 2017

− Sensors and Sensing Modules for Smart Homes and Buildings 2017

− Sensing and Display for AR/VR/MR 2017**

− MEMS Packaging 2017

− Fingerprint Sensor Applications and Technologies - Consumer Market Focus 2017

o RF DEVICES AND TECHNOLOGIES

− RF Front End Modules and Components for Cellphones 2017

− Advanced RF SiP for Cellphones 2017

− 5G Impact on RF Industry: From Wireless Infrastructure to Cellphone Terminals

2017

− RF Technologies for Automotive Applications 2017

− GaN and Si LDMOS Market and Technology Trends for RF Power 2017

o MANUFACTURING

− Glass Substrate Manufacturing 2017

− Equipment & Materials for Fan Out Technology 2017

− Equipment and Materials for 3D TSV Applications 2017

− Emerging Non Volatile Memories 2017*

o MEDTECH

− Status of the Microfluidics Industry 2017

− Solid State Medical Imaging 2017

− Connected Medical Devices: the Internet of Medical Things 2017

− Sensors for Medical Robotics 2017

− Artificial Organs: Market & Technology Analysis 2017

− Organs-on-a Chip 2017

o ADVANCED PACKAGING

− Advanced Substrates Overview 2017

− Integrated Passive Devices Market Status 2017

− Status of the Advanced Packaging Industry 2017

− Fan Out Packaging: Market & Technology Trends 2017*

− 3D TSV and 2.5D Business Update - Market and Technology Trends 2017

− Advanced QFN: Market & Technology Trends 2017**

− MEMS Packaging 2017

− Advanced Packaging for Memories 2017

− Advanced RF SiP for Cellphones 2017

− Power Packaging Market and Technology Trends 2017

− Embedded Die Packaging: Technologies and Markets Trends 2017

o IMAGING & OPTOELECTRONICS

− 3D Imaging & Sensing 2017

− Status of the CMOS Image Sensor Industry 2017*

− Camera Module for Consumer and Automotive Applications 2017*

− Uncooled Infrared Imaging Technology & Market Trends 2017*

− Solid State Medical Imaging 2017

− Embedded Software for Machine Vision Systems 2017**

o BATTERY AND ENERGY MANAGEMENT

− Status of the Rechargeable Li-ion Battery Industry*2016 version still available / **To be confirmed

41©2017 | www.yole.fr | About Yole Développement

OUR 2017 REPORTS PLANNING (2/2)o POWER ELECTRONICS

− Status of Power Electronics Industry 2017

− Power MOSFET 2017: Market and Technology Trends

− IGBT Market and Technology Trends 2017

− Power Module Packaging: Material Market and Technology Trends 2017

− Power SiC 2017: Materials, Devices, and Applications

− Power GaN 2017: Materials, Devices, and Applications*

− Materials Market Opportunities for Cellphone Thermal Management (Battery

Cooling, Fast Charging, Data Processing, etc.) 2017

− Gate Driver Market and Technology Trends 2017

− Power Management ICs Market Quarterly Update 2017

− Integrated Passive Devices Market Status 2017

− Thermal Management for LED and Power 2017

o COMPOUND SEMICONDUCTORS

− Power SiC 2017: Materials, Devices, and Applications

− Power GaN 2017: Materials, Devices, and Applications*

− GaN and Si LDMOS Market and Technology Trends for RF Power 2017

− 5G Impact on RF Industry: From Wireless Infrastructure to Cellphone Terminals

2017

− Bulk GaN Substrate Market 2017

o DISPLAYS

− MicroLED Displays 2017

− MicroLED IP 2017

− Quantum Dots for Display Applications 2017

− Phosphors & Quantum Dots 2017 - LED Downconverters for Lighting & Displays

o SOLID STATE LIGHTING

− UV LEDs 2017 - Technology, Manufacturing and Application Trends*

− Horticultural Lighting 2017 - Technology, Industry and Market Trends

− Automotive Lighting 2017 - Technology, Industry and Market Trends*

− Active Imaging and Lidar 2017 - IR Lighting**

− LED Lighting Module 2017 - Technology, Industry and Market Trends

− IR LEDs and VCSELs - Technology Applications and Industry Trends 2017

− Phosphors & Quantum Dots 2017 - LED Downconverters for Lighting & Displays

− MicroLED Displays 2017

− CSP LED Lighting Module 2017

− LED Packaging 2017

− Thermal Management Technology and Market Perspectives in Power Electronics

and LEDs 2017

PATENT ANALYSIS by Knowmade

− Consumer Physics SCiO Molecular Sensor Patent-to-Product Mapping 2017

− Patent Licensing Companies in the Semiconductor Market - Patent Litigation Risk

and Potential Targets 2017

− MEMS Microphone: Patent Landscape Analysis 2017

− Knowles MEMS Microphones in Apple iPhone 7 Plus Patent-to-Product Mapping

− Microbolometer: Patents Used in Products 2017

− Microfluidic Technologies for Diagnostic Applications Patent Landscape 2017

− Pumps for Microfluidic Devices Patent Landscape

− III-N Patent Watch

− MicroLEDs: Patent Landscape Analysis 2017

− Uncooled Infrared Imaging: Patent Landscape Analysis 2017

− 3D Monolithic Memory: Patent Landscape Analysis 2017

− NMC Lithium-Ion Batteries Patent Landscape Analysis

− FLUIDIGM Patent Portfolio Analysis

TEARDOWN & REVERSE COSTING by System Plus Consulting More than 60 teardowns and reverse costing analysis and cost simulation tools to be

published in 2017.

*2016 version still available / **To be confirmed

42©2017 | www.yole.fr | About Yole Développement

OUR 2016 PUBLISHED REPORTS LIST (1/2)

MARKET AND TECHNOLOGY REPORTS by Yole Développement

o MEMS & SENSORS

− Gas Sensors Technology and Market 2016

− Status of the MEMs Industry 2016

− Sensors for Cellphones and Tablets 2016

− Market and Technology Trends of Inkjet Printheads 2016

− Sensors for Biometry and Recognition 2016

− Silicon Photonics 2016

o IMAGING & OPTOELECTRONICS

− Status of the CMOS Image Sensor Industry 2016

− Uncooled Infrared Imaging Technology & Market Trends 2016

− Imaging Technologies for Automotive 2016

− Sensors for Drones & Robots: Market Opportunities and Technology Evolution 2016

o MEDTECH

− BioMEMS 2016

− Point of Care Testing 2016: Application of Microfluidic Technologies

o ADVANCED PACKAGING

− Embedded Die Packaging: Technology and Market Trends 2017

− 2.5D & 3D IC TSV Interconnect for Advanced Packaging: Business Update 2016

− Fan-Out: Technologies and Market Trends 2016

− Fan-In Packaging: Business update 2016

− Status and Prospects for the Advanced Packaging Industry in China 2016

o MANUFACTURING

− Thin Wafer Processing and Dicing Equipment Market 2016

− Emerging Non Volatile Memories 2016

o COMPOUND SEMICONDUCTORS

− Power GaN 2016: Epitaxy and Devices, Applications and Technology Trends

− GaN RF Devices Market: Applications, Players, Technology and substrates 2016

− Sapphire Applications & Market 2016: from LED to Consumer Electronics

− Power SiC 2016: Materials, Devices, Modules, and Applications

o LED

− UV LED Technology, Manufacturing and Applications Trends 2016

− OLED for Lighting 2016 – Technology, Industry and Market Trends

− Automotive Lighting: Technology, Industry and Market Trends 2016

− Organic Thin Film Transistor 2016: Flexible Displays and Other Applications

− Sapphire Applications & Market 2016: from LED to Consumer Electronics

o POWER ELECTRONICS

− Power Electronics for EV/HEV 2016: Market, Innovations and Trends

− Status of Power Electronics Industry 2016

− Passive Components Technologies and Market Trends for Power Electronics 2016

− Power SiC 2016: Materials, Devices, Modules, and Applications

− Power GaN 2016: Epitaxy and Devices, Applications, and Technology Trends

− Inverter Technologies Trends & Market Expectations 2016

− Opportunities for Power Electronics in Renewable Electricity Generation 2016

− Thermal Management Technology and Market Perspectives in Power Electronics and

LEDs 2017

− GaN RF Devices Market: Applications, Players, Technology and substrates 2016

o BATTERY AND ENERGY MANAGEMENT

− Beyond Li-ion Batteries: Present and Future Li-ion Technology Challengers 2016

− Stationary Storage and Automotive Li-ion Battery Packs 2016

− Opportunities for Power Electronics in Renewable Electricity Generation 2016

43©2017 | www.yole.fr | About Yole Développement

OUR 2016 PUBLISHED REPORTS LIST (2/2)

PATENT ANALYSIS by Knowmade

− Microbattery Patent Landscape Analysis

− Miniaturized Gas Sensors Patent Landscape Analysis

− 3D Cell Culture Technologies Patent Landscape

− Phosphors and QDs for LED Applications Patent Landscape

− TSV Stacked Memory Patent Landscape

− Fan-Out Wafer Level Packaging Patent Landscape Analysis

TEARDOWN & REVERSE COSTING by System Plus Consulting More than 45 teardowns and reverse costing analysis and cost simulation tools published

in 2016.

MORE INFORMATION

o All the published reports from the Yole Group of Companies are available on our website

www.i-Micronews.com.

o Ask for our Bundle and Annual Subscription offers: With our bundle offer, you choose the

number of reports you are interested in and select the related offer. You then have up to 12

months to select the required reports from the Yole Développement, System Plus Consulting

and KnowMade offering. Pay once and receive the reports automatically (multi-user format).

Contact your sales team according to your location (see the last slide).

44©2017 | www.yole.fr | About Yole Développement

MICRONEWS MEDIA

o About Micronews Media

To meet the growing demand for market,

technological and business information,

Micronews Media integrates several tools able

to reach each individual contact within its

network.We will ensure you benefit from this.

ONL INE ONS ITE INPERSON

@Micronews e-newsletter

i-Micronews.com

i-Micronewsjp.com

FreeFullPDF.com

Events Webcasts

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to reach global audiences.

Online display advertising

campaigns are great strategies

for improving your

product/brand visibility. They

are also an efficient way to

adapt with the demands of the

times and to evolve an effective

marketing plan and strategy.

Brand visibility, networking

opportunities

Today's technology makes it

easy for us to communicate

regularly, quickly, and

inexpensively – but when

understanding each other is

critical, there is no substitute

for meeting in-person. Events

are the best way to exchange

ideas with your customers,

partners, prospects while

increasing your brand/product

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Targeted audience

involvement equals clear,

concise perception of your

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Webcasts are a smart,

innovative way of

communicating to a wider

targeted audience. Webcasts

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reference material for

attendees and also for

absentees, thanks to the

recording technology.

Benefit from the i-Micronews.com

traffic generated by the 8,500+

monthly visitors, the 11,500+

weekly readers of @Micronews

e-newsletter

Seven main events planned for

2017 on different topics to

attract 100 attendees on average

Gain new leads for your business

from an average of 300

registrants per webcast

Contact: Camille Veyrier (veyrier@yole.fr), Marketing & Communication Project Manager.

45©2017 | www.yole.fr | About Yole Développement

CONTACT INFORMATION

o CONSULTING AND SPECIFIC ANALYSIS

• North America: Steve LaFerriere, Director of Northern America Business DevelopmentEmail: laferriere@yole.fr – +1 31 06 008 267

• Japan & Rest of Asia: Takashi Onozawa, General Manager, Asia Business DevelopmentEmail: onozawa@yole.fr - +81 3 4405 9204

• Greater China: Mavis Wang, Director of Greater China Business DevelopmentEmail: wang@yole.fr - +886 979 336 809

• RoW: Jean-Christophe Eloy, CEO & President, Yole DéveloppementEmail eloy@yole.fr - +33 4 72 83 01 80

o REPORT BUSINESS

• North America: Steve LaFerriere, Director of Northern America Business DevelopmentEmail: laferriere@yole.fr – +1 31 06 008 267

• Europe: Lizzie Levenez, EMEA Business Development ManagerEmail: levenez@yole.fr - +49 15 123 544 182

• Rest of Asia: Takashi Onozawa, General Manager, Asia Business DevelopmentEmail: onozawa@yole.fr - +81 3 4405 9204

• Japan & Asia: Miho Othake, Account ManagerEmail: ohtake@yole.fr - +81 3 4405 9204

• Greater China: Mavis Wang, Director of Greater China Business DevelopmentEmail: wang@yole.fr - +886 979 336 809

o FINANCIAL SERVICES (in partnership with Woodside Capital Partners)

• Jean-Christophe Eloy, CEO & PresidentEmail: eloy@yole.fr - +33 4 72 83 01 80

o GENERAL

• Public Relations: leroy@yole.fr - +33 4 72 83 01 89

• Email: info@yole.fr - +33 4 72 83 01 80

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