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LED industry market status analysis industry is in a steady development period
The main growth in the global LED market's rapid growth is the explosive growth of indoor general lighting, architectural lighting, landscape lighting, backlights and outdoor LED large screens. From a global perspective, the LED industry is in a period of steady development. At present, the global LED industry can be divided into four regions. First, the European and American regions, with general lighting as the main direction, the product features high reliability and high brightness. Second, Japan is leading the way in general lighting and backlight display, and takes into account general lighting, automobiles, mobile phones and televisions. The third is Taiwan and South Korea, with backlight display as the main line, including mobile phones, TV, computer backlights, large shipments but low gross margin. The fourth is mainland China, whose main business is outdoor display, advertising screens and lighting. The main growth of the global LED market to maintain rapid growth is the explosive growth of indoor general lighting, architectural lighting, landscape lighting, backlights and outdoor LED large screens, in the next 3-5 years, with the maturity of technology and cost As the decline, LED penetration in the general lighting market will further increase, and the continued expansion of automotive lighting, small-pitch LED display and other applications is expected to usher in a new round of LED industry explosion. According to the data of the LED Industry Market Prospect and Investment Strategic Planning Analysis Report released by the Prospective Industry Research Institute, the penetration rate of global LED lighting in 2016 is around 31%. It is expected that the LED lighting market will reach US$40.4 billion in 2017. Up to 37%, the global LED lighting annual growth rate is expected to be 12% in 2017-2021. Global LED lighting market size