At the 2017 High-tech LED Annual Meeting, Luo Huanta, Dean of the High-tech LED Industry Research Institute, said that the overall scale of China's LED industry in 2017 was 636.8 billion yuan, up 21% year-on-year. The upstream chips grew rapidly and the midstream package developed steadily. Downstream applications maintain rapid growth. GGII expects that the compound growth rate of China's LED industry output value will reach 18% in 2018-2020. In 2020, China's LED output value will exceed 1 trillion.
Luo Huanta said that the overall growth trend of the LED industry is faster than the past two or three years, especially the downstream application growth trend is accelerating, and we can expect that by 2020, the LED industry is a trillion-dollar industry.
Indeed, many listed companies have recently announced 2017 annual performance forecasts, whether it is the chip industry leader Sanan Optoelectronics, Huacan Optoelectronics, or packaging giants Mulinsen, Hongli Zhihui, etc., are extremely dazzling. Through the achievements of these listed companies, practitioners can clearly feel the big growth of the LED industry and the broad space for the future of the semiconductor lighting industry.
As we all know, the LED industry chain from top to bottom includes chips, packaging, applications, drives, materials and other industries, while the middle and upper reaches include UV LED, IR LED and other market segments, downstream applications include LED display, LED street lights, LED high bay lights, filament lights and many other applications.
But it must be mentioned that LED practitioners, university professors and securities analysts all said that the current LED penetration rate is still very low, and there is huge potential for development. So, how big is the market size of the middle and lower reaches of the LED industry chain? To this end, Gaogong LED combed the 12 big data that GGII passed the survey and summarized, to the industry!
LED chip - 28.8 billion
The growth of the LED lighting market is the main driving force behind the continued rise in demand for LED chips. In the future, with the outbreak of the small-pitch market and the continuous rapid growth of the lighting market demand, the LED chip industry will promote steady and rapid growth.
GGII expects that the output value of China's LED chip industry will reach 18.8 billion yuan in 2017, up 29.6% year-on-year; in 2020, the output value of China's LED chip industry will exceed 28.8 billion yuan.
LED package - 128.8 billion
With the continuous improvement of LED packaging technology and the shift of the global packaging industry, China has become the world's largest LED packaging device production base.
According to the data of the High-tech Research Institute LED Research Institute (GGII), the output value of China's LED packaging in 2017 reached 87 billion yuan, an increase of 18%. GGII expects that China's LED packaging industry will maintain a growth rate of 13%-15% in 2018-2020, and the output value will reach 128.8 billion yuan in 2020.
UV LED - 100 million US dollars
Today, the UV LED market is welcoming a new round of growth. On the one hand, the UV LED technology is constantly maturing, and on the other hand, the market demand for UV LED-based applications is becoming large-scale.
According to the High-tech Research Institute LED Research Institute (GGII), the global UV LED market will exceed $1 billion by 2020, with a compound annual growth rate of 44.3%.
LED downstream application - -455.1 billion
As the price of LED products continues to decline, the price/performance ratio increases, and consumers' awareness and acceptance of LEDs rise, the market penetration of LED products is gradually increasing, and the market scale is expanding.
According to the survey data of the High-tech Research Institute LED Research Institute (GGII), the market size of China's LED downstream application field in 2016 was 369.7 billion yuan, a year-on-year increase of 15.71%, which was equivalent to 2015. Display, backlight, lighting and other application sectors accounted for 12%, 11%, 66% and 11% respectively. GGII expects that the output value of China's LED downstream applications will reach 455.1 billion yuan in 2017, an increase of 20.4%.
With the advent of the LED era, the iterative cycle of technology and products is accelerating, the integration trend of light source lamps, product form and diversification of demand have increased the technology, manufacturing and competition barriers of the lighting industry, and thus promoted the reshuffle of the industry pattern. The speed of integration is accelerating and the concentration is gradually increasing.
Intelligent lighting - 103.5 billion
At the beginning of smart lighting, it brings consumers a new consumer experience. However, after several years of development, the development of intelligent lighting is still not satisfactory. In 2017, this situation has changed a lot. Intelligent lighting is no longer “not warm and not firedâ€, and the intelligent lighting standing at the vent is even more “unlimited in moneyâ€.
According to the data of the High-tech Research Institute LED Research Institute (GGII), the output value of China's intelligent lighting reached 14.7 billion yuan in 2016, an increase of 102.8% compared with 2015. It is estimated that the output value of China's intelligent lighting will reach 28.4 billion yuan in 2017, an increase of 93.2%. . GGII expects that by 2020 China's smart lighting output value will reach 103.5 billion.
Landscape lighting - 277.40 billion
Benefiting from the promotion of policy promotion in various countries and regions around the world, the penetration rate of landscape lighting market continues to increase.
According to the survey data of the High-tech Research Institute LED Research Institute (GGII), the global landscape lighting market reached 245 billion yuan in 2016. It is estimated that the global landscape lighting market will reach 274.4 billion yuan in 2017.
China has become the world's largest landscape lighting market. In 2016, the size of China's landscape lighting market reached 55.8 billion yuan. It is expected that the scale of China's landscape lighting market will reach 67.8 billion yuan in 2017, with a growth rate of 21.5%.
Among them, architectural landscape lighting is the largest market segment for landscape lighting. In 2016, its market share has reached 37.5%. It is expected that the architectural landscape lighting market will continue to expand in 2017, with a market share of 38.7%.
LED display - 57.7 billion
With the continuous improvement of LED display technology, the continuous decline of cost, and the maturity of products, the LED display industry is developing rapidly. According to the data of the High-tech Research Institute LED Research Institute (GGII), the output value of China's LED display industry will reach 42 billion yuan in 2017. GGII predicts that the output value of China's LED display industry will reach 57.7 billion yuan in 2020.
LED car lighting - 57.143 billion
With the increase in the sales volume of passenger cars, especially new energy vehicles, and the increase in the penetration rate of LED lamps, the market share of domestically produced lamps and supporting LED lamp manufacturers is expected to increase rapidly with the trend of domestic parts replacing imports.
The latest data of the High-tech Research Institute LED Research Institute (GGII) predicts that the industry market scale will grow steadily in the next few years. It is estimated that by 2020, the LED lighting market in China will reach 57.143 billion yuan, compared with 2016. It increased by 14.867 billion yuan, an increase of 35.17%.
LED filament light --56.6 billion
With the ban on the sale of incandescent lamps, filament lamps have become their ideal and perfect replacement. In recent years, the level of standardized production has gradually increased, and the output of filament lamps has also risen rapidly, and the market penetration rate has continued to expand.
According to the statistics of the High-tech Research Institute LED Research Institute (GGII), the global LED filament lamp market reached 2.9 billion yuan in 2016. It is estimated that in 2017, the global LED filament lamp market will reach 5.66 billion yuan, an increase of 95%. With the increasing standardization of filament lamps, market demand will continue to expand. GGII expects that the 2017-2020 global LED filament lamp market will grow at a compound annual growth rate of 47.7%.
LED street light -40%
Stimulated by national policies, all parts of the country have accelerated the transformation of municipal engineering and the construction of smart cities. This has also become a major growth point in the LED street light market.
According to the research data of GGII, the domestic LED market has reached a total of 9.46 billion in 2016, a year-on-year increase of 15.4% .
LED high bay light - 8.983 billion
LED industrial and mining lamps have a service life of more than 50,000 hours, which is about 60% less than traditional mining lamps. It has the characteristics of energy saving, long life and easy dimming. It has gradually replaced traditional incandescent lamps, tungsten halogen lamps and fluorescent lamps. Waiting to become the first choice for new installations of mining lamps.
According to the data of the LED Research Institute of the Higher Industrial Research Institute (GGII), the output value of China's LED industrial and mining lamps reached 5.1 billion yuan in 2016, an increase of about 18% year-on-year. Benefiting from the rapid growth of the export market, the scale of China's LED industrial and mining lamps market in 2017 It will reach 6.3 billion yuan, an increase of 24.26% year-on-year; it is expected that the market size will reach 8.983 billion yuan in 2020.
LED drive power - 38 billion
Due to the huge space for the development of the LED lighting market in the future, the corresponding LED lighting driver power supply market also has a large imagination.
According to the statistics of the High-tech Research Institute LED Research Institute (GGII), the demand for LED lighting power supply in China reached 18.8 billion yuan in 2016, a year-on-year increase of 15.1%. GGII expects that with the rapid development of foreign LED lighting market and the further demand of domestic LED lighting market, the global LED driver power supply market will grow to 36.6 billion yuan in 2017. The demand for LED lighting power supply market in China is expected to continue to grow rapidly, reaching 24.5 billion yuan, up 23.7% year-on-year; by 2020, the domestic LED lighting power supply market demand is expected to reach 38 billion yuan.
Summary: From the above data, it can be seen that the middle and lower reaches of the LED industry chain still have market potential that is worthy of deep exploration by enterprises. However, at this stage, the LED industry has entered a period of deep integration. LED large enterprises have begun to scale up, and small and medium-sized enterprises have deeply cultivated market segments and adopted differentiated routes.
In 2017, many powerful LED companies enhanced their competitiveness through internal mining of production points and external acquisition of high-quality resources. It is believed that in 2018, asset mergers and acquisitions will still become one of the effective growth methods for capital-purchasing enterprises.
In addition, enterprises should focus on technological breakthroughs and innovations, and build their own soft power from product design, product replacement, production intelligence, and marketing model innovation. Once again, upstream, downstream, and downstream enterprises need to continuously improve their supply chain management, and promote capital. The deep cooperation of the supply side allows the enterprises in the segment to work together.
In short, the market stock space is still attractive, but companies still need to upgrade their soft power.
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