For the LED industry, 2017 is a good year for harvest. The overall LED industry is picking up, and the rational return of product prices has injected new hopes into the industry. The industry activity has been significantly enhanced compared to the past.
According to the data of the High-tech Research Institute LED Research Institute (GGII), the overall scale of China's LED industry in 2017 was 636.8 billion yuan, a year-on-year increase of 21%. Among them, the upstream chip is growing at a high speed, the midstream package is developing steadily, and the downstream application maintains a rapid growth trend.
GGII expects that the compound growth rate of China's LED industry output value will reach 18% in 2018-2020. In 2020, China's LED output value will exceed 1 trillion.
In the past year, the LED industry has undergone two major changes, namely, Chineseization and centralization. Under the two major trends, the contest between Chinese companies and international companies has become more frequent; the market dispute between big and small factories has become hot. With the release of production capacity and core competitiveness of Chinese enterprises, the LED industry will continue to develop in these two directions in 2018.
At the same time, the LED industry has entered a period of deep integration and presents the following six characteristics:
1. The industrial concentration is rapidly increasing and polarized; 2. The industry is stratified obviously, super strong, the first and second camps are divided, and it is difficult to surpass; 3. Large-scale expansion, leading product lines are complete, new products are exhausted; 4 Vertical integration is obvious, and leading enterprises are substantially infiltrated upstream and downstream; 5. The price war is no longer the main means, and the gross profit can no longer fall; 6. Capital operation has become the main means of operation and the main thrust behind industrial integration.
In this regard, Dr. Zhang Xiaofei, Chairman of Gaogong LED, said, “Now the price war can no longer be the main means of competition. Enterprises need to start from various aspects and enhance their own soft power.â€
In 2018, the new journey has been opened and the deep integration of the LED industry chain is still continuing. Will new markets such as MicroLED, MiniLED, plant lighting, filament lamps, and LED lights inject new hope into the industry?
In this context, on March 10, 2018, Gaogong LED will hold a spring festival in Qingqing World Hotel. Leaders from the LED industry chain will jointly discuss the development trend of LED industry in 2018 and how to explore new opportunities in the industry.
In addition, at this spring festival, LED business leaders will also analyze and discuss hot topics such as supply and demand changes and price trends in 2018, capacity expansion on equipment, and new demand for supply chain management. At that time, Dr. Zhang Xiaofei, Chairman of Gaogong LED, will also share the in-depth analysis of the LED industry chain and application market trends in 2018.
Written at the end
The Gaogong Chunyi Club is an invitational seminar held by Gaogong LED every spring, invites LED industry leaders to lead the market, discuss the market trends in the new year, and exchange corporate strategy formulation and planning. The meeting is a closed event and is open to invited guests only.
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