LED industry supply and demand continue to improve packaging profitability steadily

The output value of LED packaging is 15. 3 billion dollars, and the growth rate has warmed up to 5. Foreign manufacturers such as Europe, the United States and Japan dominate the market. Although China's LED started late, it is gradually becoming the manufacturing center of LED packaging devices, in 2015, China's output value reached 21, ranking for the first time. It is expected that this proportion will be in the next 2 ~ Further improvement in 3 years. At the same time LED package output value growth pick up to 5, China become LED manufacturing center LED package output value 15. 3 billion beauty increased speed back warm to 5 Europe, beauty, day and foreign manufacturers leading market, although China's LED started late, it is gradually becoming a manufacturing center for LED packaging devices. In 2015, China's output value reached 21, ranking for the first time. It is expected that this proportion will be in the next 2 ~ Further improvement in 3 years. At the same time, the concentration of LED packaging industry has been continuously improved, and the profitability of leading domestic packaging enterprises has been improved. LED lighting and small spacing drive the steady growth of the overall demand for LED in 2016, LED chips, packaging and lighting have been rising in many rounds. In 2017, the chip leader Sanan Optoelectronics, and the packaging leader mulinsen fired a starting gun for price increases, highlight the improvement of the supply and demand pattern of the LED industry. LED packaging downstream demand pattern: lighting, display accounted for more than 2/3 of downstream applications. 2016 LED lighting market scale 34. 6 billion beauty yuan permeability only 31,2017 years LED lighting market permeability is expected to ultra-36 growth more than natural 20 wisdom lighting continues to inspire industry overall demand. In 2017, the market growth rate of small-pitch LED display screen exceeded 50, and the overall supply and demand continued to flourish. The LED backlight market has been slightly reduced by OLED replacement, and the backlight production capacity has accelerated to China. The downstream application of LED packaging shows a new trend. In 2015, the number of LEDs used for overall exterior lighting reached 27. 0. 9 billion, expected to have 36 in 2020. 0. 7 billion, of which the CAGR of the far and near lamp LED package is 23. The application market of UVCLED is gradually expanding. It is estimated that the market output value of uvc led sterilization and purification application will reach 28 million US dollars in 2016 and 2. In 2021. 5. 7 billion US dollars, with an annual compound growth rate of 56. The Internet of Things catalyzes the rise of demand for infrared LED, and it is estimated that the output value of IRLED will reach 7. 5% by 2020. 0. 1 billion US dollars, with an annual compound growth rate of 24. MicroLED products are still in the early stage. Apple and sony are vigorously promoting them. At the same time, many large foreign manufacturers are also actively researching and developing. It is expected that commercial products will come out in 2017. The concentration of domestic LED packaging has increased, and the industry enterprise mulinsen is optimistic: LED packaging is the leader, and its current production capacity has exceeded 42000kk/month. In 2016, it is expected that its revenue will exceed 5 billion, ranking among the domestic enterprises, and the industry oligarch will appear; And the successful acquisition of landvance has made great strides to develop overseas markets. Since 2016, capital operations such as investment and merger have involved 13. 4 billion yuan. At the same time, they have invested heavily in lighting, chips and other fields. Guoxing Optoelectronics: small-pitch lamp bead quality technology industry, small-pitch production capacity has reached 1200kk/month, is expected to reach 2000kk/month by the end of 2017. The company is one of the leading packaging enterprises in China, benefiting from the warming trend of LED industry, the demand for small-pitch lamp beads has exploded, and it has the ability to grow rapidly. The integration effect of the company's industrial chain is prominent: Chip subsidiaries have successfully developed international advanced technologies such as Ziguang vertical chips and flip chips, and invested in American chip companies to lay out next-generation semiconductor technologies; The downstream relies on the state-owned Guangsheng Capital platform to form a joint force with Foshan Lighting.