China LED industry analysis: development opportunities and challenges coexist
In 2018, it was a tough year for the LED industry. Gaogong LED predicts that the LED industry will gradually disappear in the battlefield in 2018, and the future will be soft power. When the industry enters the post-lighting era, the stronger will be stronger and the weak will exit the lighting stage.
Today, the traditional lighting market is weak, and automotive lighting, plant lighting, and new displays are in the early stages of development, and the performance of LED companies has slowed down. At the same time, changes in the domestic and international environment have made enterprises face unprecedented pressure to survive.
Domestic environment--the prices of raw materials and labor have risen, the prices of products have continued to fall, the environmental protection has become stricter, and the competition for homogenization has been fierce. The international environment--the Sino-US trade war has led to shrinking exports and the rise of LED markets in emerging markets. These unfavorable factors are connected in series throughout 2018. Of course, when the general lighting market encounters bottlenecks, the new field of high-tech thresholds has never been more enthusiastic, especially automotive lighting and Mini/Micro LED.