LED industry expands steadily, leading growth is strong

Within the scope, the number of enterprises participating in each link of the LED industry chain is pyramid-shaped. 2016 LED industry market scale up to 699. 6 billion yuan is 2015 growth 8. 6, for the low growth rate in 4 years, it is expected to continue to decline in the next few years, but the overall upward trend remains unchanged. Although the growth of LED market scale slowed down in 2016, it is expected that the future trend will still be within the upward range, and the number of enterprises participating in each link of LED industry chain will be pyramid-shaped. 2016 LED industry market scale up to 699. 6 billion yuan is 2015 growth 8. 6, for the low growth rate in 4 years, it is expected to continue to decline in the next few years, but the overall upward trend remains unchanged. Although the growth rate of LED market scale is not high in 2016, the internal changes in the whole industry have been greatly adjusted, and the prices of products in downstream lighting applications have continued to fall, but the upstream chips and packaging links have a high degree of prosperity. China's LED industry is expanding steadily, and the structural differentiation within the industry is increasingly obvious, china has initially formed a relatively complete industrial chain including the production of LED epitaxial wafers, the preparation of LED chips, the packaging of LED chips and the application of LED products. With the upstream chip field supply and demand pattern improve overall chip in short supply; The market scale of the midstream packaging field continues to expand; The proportion of common applications in downstream applications exceeds 40%. The growth rate of traditional applications is slowing down, and emerging applications are continuously developing. In the future, it is expected that the prosperity of the LED industry will continue to increase, and the structural differentiation within the industry will become more and more obvious. The leading enterprises in the subdivision field continue to benefit, the downstream emerging application industry is developing, and the technical threshold in the upstream LED chip field is relatively high. The listed companies in the upstream chip field in China mainly include San'an Optoelectronics, Dehao Runda, Aoyang Shunchang, etc; The main packaging fields of midstream lamp beads are Dongshan Precision, zhaochi, mulinsen, Hongli Zhihui, etc; Downstream applications mainly include Opal lighting, Liad, chouming technology, etc. Generally speaking, listed companies in China's LED industry are mainly concentrated in the midstream packaging and downstream application fields. Industry leaders continue to benefit from the fierce market environment and the downstream emerging application industries are developing. With the upstream chip field supply and demand pattern improve overall chip in short supply; The market scale of the midstream packaging field continues to expand; The proportion of common applications in downstream applications exceeds 40%. The growth rate of traditional applications is slowing down, and emerging applications are continuously developing. In the future, it is expected that the prosperity of the LED industry will continue to increase, and the structural differentiation within the industry will become more and more obvious. The technical threshold in the field of LED chips is relatively high, and Sanan Optoelectronics, which has long-term technical accumulation and is the leader in the industry, is recommended; The competition in the field of LED packaging is relatively fierce, and the concentration of the industry is continuously increasing. It is recommended to package large enterprises such as mulinsen and Hongli Zhihui; The industry penetration rate in the LED application field is continuously improving, the growth rate of traditional applications is slowing down, and the growth rate of emerging applications exceeds that of traditional applications. Liad, the first primary enterprise in Emerging LED small-pitch technology, is recommended.