2021 LED Industry Development Research Report
Apr 20, 2022
The global LED lighting market grew from approximately us $22.9 billion in 2012 to approximately US $55.1 billion in 2017, with a cagR of approximately 19.2%. Home and outdoor use was the main growth factor. In the past two months, LED lighting market related products ushered in a wave of price increases. In December last year, a number of domestic lighting companies have issued intensive price increases, most of which are 10%.
The global LED lighting market grew from approximately us $22.9 billion in 2012 to approximately US $55.1 billion in 2017, with a cagR of approximately 19.2%. The upstream of the LED industry chain is substrate production and epitaxial chip production, the middle industry is LED chip production, and the downstream is LED packaging and display, backlight application, automotive lighting, general lighting and other application fields. Among them, the production of upstream epitaxial chip and midstream chip is the key technology of LED, with high technical content and large capital investment. Meanwhile, it is also the field with the fiercest international competition and the biggest business risk.
