Last year, the global LED packaging output value reached 17.65 billion US dollars

Under the trend that the slowdown of the epidemic is driving the recovery of various global economic activities, the global LED output value in 2021 exceeded market expectations, reaching US$17.65 billion, an annual increase of 15.4%. Among them, the general lighting, horticultural lighting, automotive, and display application markets all showed relatively large growth; the backlight market benefited from the introduction of Mini LED technology and the drive of leading manufacturers, maintaining stability.

Last year, the global LED packaging output value reached 17.65 billion US dollars

Judging from the revenue ranking of LED manufacturers, benefiting from the rebound in market demand, most manufacturers showed significant growth in revenue, with the top three manufacturers accounting for 29.5% of the market. Nichia’s backlight LED business revenue declined despite the increase in OLED penetration. However, driven by the rapid growth of revenue in the flash, automotive LED, and general lighting markets, the overall revenue continued to grow steadily, ranking first in the world.

With stable product quality, excellent light efficiency, and cost-effectiveness, OSRAM is regarded as the first choice of suppliers for high-end cars and new energy vehicles around the world. In addition, benefiting from orders for plant lighting and infrared sensing, its revenue ranks second in the world.

Samsung LED also benefited from the improvement of automotive lighting, horticultural lighting, general lighting, and Mini LED backlight business, ranking third. Among them, Samsung Lighting LED products are positioned in the high-end market. In high-end markets such as Europe and the United States, the market share is gradually expanding due to the advantages of quality and patents. It is worth mentioning that Samsung LED’s horticultural lighting orders also showed rapid growth, driving its lighting LED business revenue to rank first in the world.

Seoul Semiconductor benefited from the large-size backlight, automotive LED, and lighting revenue growth. Lumileds also performed well in the fields of automotive LEDs and lighting LEDs and continued to launch a variety of LEDs for commercial lighting, plant lighting, and architectural lighting to seize market share. While Mulinsen, Nationstar Optoelectronics, and Hongli Zhihui have significantly increased their revenue in the display LED and lighting LED markets; Everlight and Lite-On continue to develop optocoupler, infrared sensing, and consumer electronic indicator products.

Looking at the performance in the first half of 2022, TrendForce said that despite the gradual recovery of demand in Europe and the United States, the Russian-Ukrainian war continued to cause raw materials to rise and inflation to deteriorate, which in turn resulted in weak demand in the consumer market. In addition, due to the impact of the epidemic in China, the industrial chain in some cities has experienced interruptions and chain-breaking crises. The scope of influence almost covers industries such as electronics and automobiles, and the supply and demand of the LED market have also suffered a certain degree of impact. Looking forward to the second half of the year, as the Chinese government is about to launch corresponding economic stimulus policies, it is worthy of attention. It is estimated that the global LED output value will continue to grow in 2022, but the growth rate will not be as fast as the performance in 2021.