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2021 China LED packaging market output value will reach 76.8 billion
According to LEDinside's latest research report 2018 China LED Chip and Packaging Industry Market Report, the LED packaging market will be a bright future.
According to LEDinside's latest research report “2018 China LED Chip and Packaging Industry Market Report”, according to LEDinside analysis, the LED packaging market size in China in 2017 will be 65.9 billion RMB, and it will grow to 76.8 billion RMB by 2021. The main growth momentum includes lighting, display screens, automotive lighting and architectural landscape lighting.
China's lighting LED market reached RMB 36.3 billion in 2021
In 2017, China's lighting LED market reached RMB 31 billion, which was higher than the market period. This was mainly due to the recovery of China's LED lighting exports as a result of the economic recovery in Europe and the United States. The steady growth of the market and the transfer of production capacity are two major factors in the growth of China's LED lighting market in the future. Considering that the penetration rate of LED lighting is already high and the replacement cycle is longer, there will be no explosive growth in market size in the future. In 2021, China's lighting LED market will reach 36.3 billion yuan, and the composite growth rate will be 7% in 2016-2021.
In 2021, China's automotive LED market will reach 9.7 billion RMB, becoming one of the fastest growing areas.
With the growth of China's auto market and the increase of LED penetration rate, China's LED automotive lighting market will reach RMB 9.7 billion in 2021, which will become one of the fastest growing areas.
The 2021 LED display market in China will reach 9.8 billion RMB
The increase in the demand for display precision has led to a steady increase in the LED display market. In 2021, the LED display market in China will reach 9.8 billion RMB.
Architectural Landscape Lighting and UV LED Market
In recent years, China has accelerated the pace of urban construction, including second- and third-tier cities such as Nanchang and Xiamen, actively promoting landscape lighting projects. Therefore, although LED prices are declining, demand increases, and landscape lighting shows that the market size can maintain a A stable level. Major manufacturers include CREE, LumiLEDs, OSRAM, and Mulinsen.
Due to the steady growth in the development of UV market technology and manufacturers, and in the future, the acceptance of the Chinese market will gradually increase, and the proportion of China's UV LED output will also increase year by year.
