The global LED package output value of 15.3 billion US dollars increased to 5%, and European, American, Japanese and other foreign manufacturers dominated the high-end market. Although China's LED started late, it is gradually becoming the global LED packaging device manufacturing center. In 2015, China's output value reached 21%. %, ranked first in the world for the first time, it is expected that this proportion will be further improved in the next 2-3 years. At the same time, LED global packaging output growth rate rebounded to 5%, China became the LED manufacturing center, the global LED packaging output value of 15.3 billion US dollars, the growth rate rebounded to 5%, Europe, the United States, Japan and other foreign manufacturers dominate the high-end market, although China's LED started late, It is gradually becoming the global LED packaging device manufacturing center. In 2015, China's output value reached 21%, ranking first in the world for the first time. It is expected that this ratio will further increase in the next 2-3 years. At the same time, the concentration of LED packaging industry continues to increase, and the profitability of domestic leading packaging companies has increased. LED lighting, small pitch to drive the overall demand for LEDs steadily increased In 2016, LED chips, packaging, lighting, multiple rounds of price increases, 2017 chip leader Sanan Optoelectronics, package leader Mulinsen started the price increase and issued a gun, highlighting the LED industry supply and demand pattern to improve. LED package downstream demand pattern: lighting + display ratio exceeds 2/3 of downstream applications. In 2016, the global LED lighting market has a penetration rate of only US$34.6 billion, which is only 31%. In 2017, the global LED lighting market penetration rate is expected to exceed 36%, with a growth rate of over 20%. Smart lighting continues to stimulate the overall demand of the industry. In 2017, the growth rate of the small-pitch LED display market exceeded 50%, and the overall supply and demand continued. The global LED backlight market has been slightly reduced by OLED replacement, and the production capacity of backlights has shifted to China. LED packaging downstream applications show a new trend In 2015, the total number of LEDs for exterior lighting reached 2.79 billion, and it is expected that there will be 3.67 billion in 2020, of which the CAGR of the LED packages of the near and far lamps is 23%. The application market of UVCLED is gradually expanding. According to estimates, the market value of UVC LED sterilization and purification applications in 2016 will reach 28 million US dollars, and will reach 257 million US dollars in 2021, with a compound annual growth rate of 56%. The demand for IoT-catalyzed infrared LEDs is rising. It is estimated that by 2020, the output value of IRLED will reach 710 million US dollars, and the annual compound growth rate will reach 24%. MicroLED products are still in the early stage, and Apple and Sony are making great efforts. At the same time, many large foreign companies are also actively researching and developing. It is expected that commercial products will be available in 2017. Domestic LED packaging concentration is improved, optimistic about the industry leader Mulinsen: LED packaging is absolutely leading, the current production capacity has exceeded 42000kk / month, 2016 revenue is expected to exceed 5 billion, ranked first in the country, the industry oligarchs appeared; and successfully acquired Rand Vance is struggling to open up overseas markets. Since 2016, capital operations such as investment and mergers have reached 13.4 billion yuan, and they have invested heavily in lighting and chip industries. Guoxing Optoelectronics: The small-pitch lamp bead quality process industry leads the industry, and the small-pitch capacity has reached 1200kk/month. It is expected to reach 2000kk/month by the end of 2017. The company is one of the leading companies in the domestic packaging industry, benefiting from the warming trend of the LED industry, the demand for small-pitch lamp beads broke out, and has the ability to grow rapidly. The company's industrial chain integration effect is highlighted: the chip subsidiary successfully developed international advanced technologies such as violet vertical chips and flip chip, and invested in American chip companies to lay down the next generation of semiconductor technology; downstream with the state-owned capital platform, it formed a joint force with Foshan Lighting.
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