Industry News

This track is very high, so bear with it!

Author : Shenzhen Crown Lighting

Update time : 2021-07-27 09:47:19

This track is very high, so bear with it!

The LED track is in a high economic cycle. The recovery of exports in 2021 will drive the industry's economic recovery. At the same time, the penetration of new display technologies such as Mini LED/Micro will drive the industry's continuous increase in demand.

According to data from the China Business Industry Research Institute, the global mini LED market in 2018 was only about 10 million U.S. dollars. With the continuous advancement of the upstream and downstream, the industrial application of Mini LEDs, the downstream demand for Mini LEDs ushered in exponential growth. The global market is expected to expand to USD 2.32 billion in 2024, with a compound annual growth rate of 147.88%.

With such a high-growth track, the industry chain will enjoy dividends, but at present, the upstream industry chain companies are most benefited, and the middle and downstream industry chain companies face cost pressures and can only bear it. According to public information, the price of upstream raw materials in the LED display industry represented by driver ICs has risen all the way in the first half of the year, causing downstream terminal companies to face greater cost pressures. However, the upstream pressure on the downstream is gradually alleviating.

On the one hand, manufacturers in the downstream industry chain are raising prices, and on the other hand, the price increase and shortage of upstream chip semiconductors may improve after Q3. Previously, "Learning by Doing" closely followed this industry chain, and will follow up further.

And there is another scene application in the LED grow lights industry. According to relevant research reports from CITIC Construction Investment, the commercial legalization of cannabis in North America, the shortage of food and medicines caused by the global epidemic, and the growing maturity of plant grow lights technology with LED technology will promote the global phyto-lighting market in 2020.

From 2016 to 2020, the global growth lamp market has grown at a compound annual growth rate of 11.7%. In 2020, the global led growth lamp market will reach US$3 billion, of which the plant grow LED lighting market will reach US$1.9 billion, and the CAGR will exceed 25%.

In 2020, the export value of my country's LED plant grow light fixtures will exceed 500 million US dollars (26.3% of the global share), a year-on-year increase of over 4 times. Domestic and overseas research institutions, governments, manufacturers, and startup companies in various fields have invested in the research and development and construction of plant factories. Investment, financing, mergers and acquisitions are hot, the industry has entered a stage of accelerated development, and the demand for equipment has also increased significantly.

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