LED general lighting industry chain

The LED industry chain includes five main links: LED substrate fabrication, LED epitaxial growth, LED chip fabrication, LED packaging and LED application. Generally, substrate fabrication, epitaxial growth and chip fabrication are regarded as the upstream of the LED industry, and LED packaging is regarded as an industry. In the middle of the chain, LED applications are considered as downstream of the industry chain.

According to CSA data, the output value of China's LED industry chain is 550.9 billion yuan in 2017, compared with 65.1 billion yuan in 2008, the growth rate is nearly 10 times. The CAGR of the past 10 years is 23.8%, which is typical from the industry growth cycle and average growth rate. Continuous high growth industry.

From the perspective of output value distribution, the main value of LED industry chain is in LED application: According to CSA data, China's LED application value in 2017 is 445.1 billion yuan, accounting for 81%, and LED packaging market is 87 billion yuan, accounting for 16%. The output value of LED chips is 18.8 billion yuan, accounting for 3%.

With the continuous improvement of the penetration rate of LED products in various downstream applications, the scale of LED application market in China continues to increase: According to CSA data, the market size of LED application in China in 2017 is 445.1 billion yuan, compared with 45 billion yuan in 2008, the scale has increased by nearly 10 Times, CAGR = 25.8%.

LED downstream applications include: general lighting, backlighting, landscape lighting, display, automotive lighting, signal and indication, etc., where the general lighting market has the highest proportion, and the application has continued to increase the most in the past few years: according to CSA data, 2017 In the distribution of downstream output value of LED applications in China, the general lighting market share was 47.7%, the highest proportion, compared with the 13% share in 2009, an increase of 34.7 percentage points.