2020 China LED packaging industry market status

LED stands for Light Emitting Diode, which is a semiconductor material that can convert electrical energy into light energy. It uses LED semiconductor chips as luminescent materials, and mixes the second color light emitted by the phosphor under excitation, which transforms the city into five colors. LED packaging refers to the process of packaging the light-emitting chip to protect the chip without affecting the light emission and heat dissipation.

The LED packaging process accompanies the whole process of LED industry development.

First, LED packaging products have a wide application market

The upstream industry of LED packaging mainly refers to LED packaging materials; the midstream industry refers to the LED device packaging industry; the downstream industry refers to the industry formed after the application of LED display or lighting devices, such as LED display screens, LED traffic lights, solar battery LED navigation lights, and LCD backlights Source, LED car lights, LED landscape lighting, LED special lighting, etc.

In view of LED's own advantages, at present, LED packaging products have been widely used in indication, backlight, display, lighting and other application directions. The application fields cover consumer electronics, automotive, advertising, transportation, sports, entertainment, The construction industry and other comprehensive fields. Lighting is the most widely used product in the end market. General lighting accounts for 47.7% of the market, landscape lighting accounts for 14.9% of the market, and automotive lighting accounts for 1.4% of the market. Display is the second largest product in the terminal market, with a market share of 13.6%. In addition, backlight applications accounted for 9.6%, and the remaining signal indicators and other application products accounted for 1.4% and 11%, respectively.

2. Mainland China accounts for 71% of the global LED packaging supply end

Mainland China has undertaken global industrial transfers in the past 10 years. According to LED inside statistics, mainland China ’s market share in the global LED packaging supply reached 71% in 2019. Overseas production capacity is mainly focused on relatively high-end market demand such as automotive lighting, while GM Most traditional applications such as lighting, landscape lighting, LED display and backlight come from mainland suppliers.

3. The output value of China's LED packaging industry is expected to reach 128.8 billion in 2020

At present, midstream packaging is a relatively mature part of China's LED industry development. Domestic enterprises have taken advantage of scale. Since 2010, they have entered a period of rapid development. After 2015, they have gradually stabilized, but still maintain a growth rate of more than 10% per year. According to the high-tech LED forecast data, the domestic LED packaging output value exceeded 100 billion RMB in 2018, and is expected to reach 128.8 billion RMB in 2020.