2017 ~ LED output value CAGR will reach 7 in 2022

According to Jibang Consulting LED Research Center (LEDinside)New report 'Golden member- The LED industry demand and supply database shows that the LED industry in 2017 benefited from the stable price of the LED market and the rapid growth in the field of vehicle lighting and outdoor landscape lighting, LEDinside estimates that the LED output value in 2017 will reach, according to Jibang Consulting LED Research Center (LEDinside)New report 'Golden member- The LED industry demand and supply database shows that the LED industry in 2017 benefited from the stable price of the LED market and the rapid growth in the field of vehicle lighting and outdoor landscape lighting, LEDinside estimates that the LED output value in 2017 will reach 171. $0. 6 billion (7. 4 YoY). Looking forward to 2018 to 2022, as Chinese LED manufacturers have greatly expanded their production capacity, LEDinside has increased the expectation of falling prices of LED prices in the future. However, due to the application fields of general lighting and vehicle lighting, the penetration rate of LED continues to rise, and the emergence of new Micro Mini LED, so the future application will become more diversified. It is estimated that the output value of LED will reach 25. 5 billion US dollars by 2022, 2017 ~ The annual compound growth rate of LED output value will reach 7 in 2022. LEDinside estimates that the usage of four-inch LED wafers in 2017 will be about 37 million pieces (YoY 30). Although the rise of OLED will affect the number of backlights for mobile phones and large-size panels, the number of applications such as general lighting and vehicle lighting continues to grow. Coupled with the rapid growth of small-pitch display applications, the number of LED wafers has grown substantially. Looking forward to 2017 to 2022, due to the emergence of Micro Mini LED, LED has changed from backlight in the past to self-illuminating role on consumer electronic displays. Each LED will become a pixel point, which will greatly drive the number of LED wafers. Estimate the number of wafers for the overall LED is 2017 ~ The CAGR in 2022 will reach 19. Niche Lighting LED market potential 1. Demand for greenhouse lighting and food safety LED market growth of animal and plant lighting the market prospect of LED application in plant lighting is quite optimistic, and the market scale is expected to grow rapidly. The market size of LED for plant lighting was 52 million US dollars in 2017 and is expected to reach US dollars by 2022. About 0. 5 billion US dollars, the compound growth rate reached 24. In the application of plant lighting lamps, LED has obvious performance advantages over other light sources, such as spectral characteristics, service life, environmental protection, etc. In recent years, as prices have fallen, market acceptance has become higher and higher, and the number of plant factories has increased. In addition, due to food safety and other issues, small family plant factories are gradually emerging. The Chinese market has gradually become a regional market for domestic and foreign manufacturers in the past two years. For example, Japan's Mitsubishi Chemical has cooperated with JD. com to build plant factories and sell vegetables independently; Local manufacturers, such as Zhongke Sanan, also invested heavily in the construction of plant factories. In the United States, Mexico and other markets, mainly to grow marijuana as a potential demand, and in response to factors such as insufficient sunshine, greenhouse lighting demand as the main source. 2. LED is relatively stable in the projector application market. The application of LED in the projector market can be divided into two categories. One is the commercial projector market with luminous flux requirement above 1,000 lm, one category is the domestic/micro-projection market below 1000 lm. Since the market belongs to a special niche application field, although the unit price is relatively high, the market scale is not large. Therefore, the output value in 2017 is only 17 million US dollars, and it is estimated that it will grow to 20 million US dollars by 2022.