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Led development trend analysis

Update:14 Feb 2020

Technology is a powerful driving force to promote the r […]

Technology is a powerful driving force to promote the rapid development of LED industry, and it is also the foundation and strength for enterprises to step onto the world stage. In the increasingly fierce market economy competition, the LED industry can get better development only by continuously promoting technological innovation. Looking back to 2019, many technologies of LED industry have made breakthrough development, and the market scale of LED industry is also expanding. Global and domestic LED industry market growth slowed down

The market scale of global LED industry is increasing steadily, but the growth rate is declining in recent years. In the past five years, the year-on-year growth in 2012 is the largest, reaching 44.96%; in 2019, the market size of LED industry is about US $645.077 billion, up 13.42% year-on-year. Prospective industry research institute forecasts that the market scale growth rate of LED industry will remain at about 12% in the next five years.

LED can only be used as indicator light before 1990s. After 1990s, LED application began to change from indicator to lighting. The main application fields include LED display screen, traffic signal light, landscape lighting, mobile phone application, automobile lamp, LCD display backlight, general lighting, etc.At present, LED products are widely used in mobile phones. It is the most important application field of LED products, accounting for about 31% of the total market demand

Because the luminous efficiency is higher than the energy-saving lamp, the price is lower than the energy-saving lamp, and the service life is longer than the energy-saving lamp, LED lighting products have become a powerful alternative to energy-saving lamps. In the face of the trend of price decline, led enterprises all over the world are looking for subdivision areas. Key enterprises move towards the high end of the value chain, strengthen the innovation and research in the subdivisions of automobile lighting, plant lighting, intelligent lighting, etc., and provide alternative lighting solutions for different application environments.As a whole, replacing the traditional bulb will be the largest application market of LED lighting in the next few years. In 2018, the penetration rate of LED lighting in the world will reach 36.7%; it is predicted that in 2020, the penetration rate of LED lighting in China will reach 60% - 70%. The product structure from outdoor lighting, commercial lighting, etc. gradually into general household lighting, has become the main driving force for the rapid growth of LED industry.