In 2014, LED lighting chips became a major application in the industry1

It is predicted that the demand for lighting chips will exceed that of backlight in 2014, becoming a major application in the industry. Since 2013, with the gradual start of the lighting market, the growth of LED market has accelerated, with the annual output value reaching 12. 4 billion US dollars, with a growth rate of 17. In 2014, the industrial growth rate further accelerated, and the annual output value is expected to reach 17. 8 billion US dollars. Xu Wenhui believes that since the penetration rate of LED in the backlight field has exceeded 90, while the penetration rate in the lighting market is only 7, the main growth space in the future is in the lighting field. According to DisplaySearch's prediction, in 2014, the demand for lighting chips will exceed the backlight, becoming a major application in the industry. The main driving force of the last round of LED boom cycle is the demand for liquid crystal backlight. Backlight products have high technical requirements. Enterprises in the United States, Japan, South Korea and Taiwan have focused on the backlight market with high technology and good profits. In contrast, China's mainland enterprises have limited technology accumulation, mainly to undertake overflow orders such as display screens, and the status of the industry is relatively marginalized. Xu Wenhui said that the main factor in the recovery of this round of LED demand is lighting. The requirements of lighting products for LED chip technology are generally lower than those of backlight, while in the past few years, leading domestic LED chip enterprises have made significant progress in technology through research and development investment and talent introduction.