LED packaging industry opens the 'one super and many strong' situation! Balance between supply and demand1

Up to now, the LED industry has become a certain trillion-level market. Both top-level government design and industry practitioners are optimistic about the rapid development of the industry in the next two or three years. First of all, LED industry industry penetration rate (30 ~ 40) There is still room for doubling, and it is still in a rapid replacement stage in recent years. Up to now, the LED industry has become a certain trillion-level market. Both top-level government design and industry practitioners are optimistic about the rapid development of the industry in the next two or three years. First of all, LED industry industry penetration rate (30 ~ 40) There is still room for doubling, and it is still in a rapid replacement stage in recent years. Secondly, the packaging industry has continued to shift to the mainland. According to research, orders from foreign packaging companies such as Seoul Semiconductor and Samsung to mainland companies have gradually increased. Chinese packaging companies are facing a large market. Furthermore, as the cost of lamp beads decreases, more application scenarios are gradually being developed, and new applications such as intelligent lighting and vehicle lighting LED to the next stage of demand. At present, the packaging industry has formed a super-strong situation: a super-wood forest is the best in size, and its production capacity and revenue are not at the same level as its peers. After the acquisition of LEDVANCE, the scale of revenue has tripled and become an LED company. Among the strong, Guoxing optoelectronics and Hongli Zhihui are in the second camp, and the two are equivalent in size (Revenue is 2 billion ~ 3 billion)But each has its own characteristics. The third echelon is a relatively small-scale packaging enterprise such as Ruifeng optoelectronics and jufei Optoelectronics (Revenue is 15 ~ 2 billion). Although the current pattern is initially fixed, the reshuffle is still continuing, and resources are concentrated in the head enterprises. Through a series of investigations, it is found that the production capacity of each company has not changed much compared with the first half of the year, and the level of capacity utilization is not high. Pacific Securities believes that on the one hand, because the third quarter is the traditional lighting season, the growth rate of related packaging companies has slowed down; On the other hand, several companies have new production bases under construction (Several of them have chosen Jiangxi in the same place) The recruitment of relevant personnel and production equipment are expanding, and this is to prepare for the rapid expansion of production, and there is no need to worry about the short-term growth rate and the slowdown in capacity expansion. With the release of CHIP expansion capacity, the industry has entered the stage of supply and demand balance from supply shortage.