Forecast and analysis of the market size of China's LED industry and its segments in 2022

LEDs are semiconductor light-emitting diodes, which use solid-state semiconductor chips as light-emitting materials. When a forward voltage is applied to both ends, the carriers in the semiconductor recombine and cause photon emission to generate light. At present, LED applications can be mainly divided into LED lighting, LED display, and LED backlight.

The data shows that the market scale of my country's LED industry is increasing year by year. From 521.6 billion yuan in 2016 to 754.8 billion yuan in 2019, the average annual compound growth rate is 13.1%. The China Commercial Industry Research Institute predicts that the market size of my country's LED industry in 2022 will reach 108.5 billion yuan.

The LED general lighting application is still the first driving force of the LED application market. Due to the rapid development of LED lighting technology and the rapid decline in cost, it has become the world's mainstream lighting source. In recent years, by embedding intelligent control modules into LED general lighting terminals, a smart lighting innovation field with functions such as automatic control and systematic control has been formed, which has become a new growth point in the LED general lighting market. According to Digitimes statistics and forecasts, the global LED lighting penetration rate will rise to 75.8% in 2022. According to the National Semiconductor Lighting Engineering R&D and Industry Alliance statistics, my country’s LED general lighting market will be about 273.4 billion yuan in 2020, and my country’s LED general lighting in 2022 The market size will reach 316 billion yuan.

In the application of LED display screens, LEDs have been widely used due to the characteristics of low energy consumption, small size, long life, no pollution, fast response, low driving voltage, strong shock resistance, and high color purity. According to data from the National Semiconductor Lighting Engineering Research and Development and Industry Alliance, the size of my country's LED display market has increased from 54.8 billion yuan in 2016 to 108.9 billion yuan in 2019, and will fall to 89.5 billion yuan in 2020 due to the impact of the new crown epidemic. In the future, national policies to promote the development of new generation display technologies such as small pitch, Mini/MicroLED, and the rise of new digital infrastructure will jointly provide new opportunities for the development of the LED display industry. It is estimated that my country's LED display market will be scaled in 2022. Will reach 126.4 billion yuan.