LED lighting niche market may drive new demand

The LED market is growing fast in the lighting field and has a large market capacity. It is estimated that the overall LED lighting market output value in 2014 will be 35. 3 billion US dollars, up from 2013. 8. LED lighting penetration rate will also increase to 32 in 2014. 7, of which the penetration rates of bulb lamps and lamps reached 20 and 15 respectively. A blue sea. However, enterprises are under great competitive pressure in the LED lighting application market, such as international lighting manufacturers, traditional lighting and new laymen entering the LED lighting field. The LED lighting market is prosperous and brilliant. Manufacturers have competed fiercely to seize the LED lighting market quickly. There are also some companies that have begun to target the LED niche market. It is understood that LED is currently shining in new areas such as security equipment, automobiles and communications. In recent years, various lighting giants have entered the main LED market. In addition, in plant lighting, UV (Ultraviolet, Ultraviolet)LED also has a place in fields such as medical care. The market for new LED-related applications is small and the number of investors is small. Although it is a niche market, the gross profit is quite high. Lunda is conducting research and development, so it cannot make an immediate contribution to revenue. With the growth slowing down after the penetration rate of LED in the backlight field reaches 95, only LED lighting will be left to support the overall situation in the future. Therefore, LED manufacturers are also actively developing new applications, hoping to make use of high gross profit, diversified niche markets support new applications and drive another wave of LED demand.