Taiwan-based LED packaging company Everlight Electronics expects the proportion of consolidated revenues for LED lighting components and devices to increase from over 20% in 2013 to more than 30% in 2014, according to company chairman Robert Yeh.

Mainly due to consumers' growing awareness of energy-saving LED lighting, continual drops in LED lighting pricing and government subsidization for LED lighting in many countries, there will be large growth in global demand for LED lighting in 2014, Yeh said. As prices will keep falling, LED lighting makers should work to reduce operating costs by keeping reasonable inventory levels at fewer than 30 days, Yeh said.

For LED backlighting, Everlight expects growth to come from the smartphone, tablet, direct-type backlighting and Ultra HD LCD TV segments, Yeh indicated. Everlight has about 20% of consolidated revenues coming from LED backlighting currently, Yeh noted.

Taiwan-based LED makers' main competitors are from China and South Korea, Yeh said.