Up to now, the LED industry has become a certain trillion-dollar market. Regardless of the top-level design of the government or the industry practitioners, the LED industry is optimistic about the rapid development of the industry in the next two or three years. First of all, the industry penetration rate of the LED industry (30%~40%) has doubled the space, and it is still in a rapid replacement stage in recent years. Up to now, the LED industry has become a certain trillion-dollar market. Regardless of the top-level design of the government or the industry practitioners, the LED industry is optimistic about the rapid development of the industry in the next two or three years. First of all, the industry penetration rate of the LED industry (30%~40%) has doubled the space, and it is still in a rapid replacement stage in recent years. Secondly, the global packaging industry has continued to transfer to the mainland. According to the survey, orders from foreign packaging companies Seoul Semiconductor, Samsung and other companies have gradually increased, and Chinese packaging companies are facing a global market. Furthermore, as the cost of lamp beads declines, more application scenarios are gradually being developed, and new applications such as smart lighting and automotive lighting are leading the next phase of LED demand. The packaging industry is currently forming a super-strong situation: a super-wood forest body is the best in the world, 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 a world-class LED company. Among the strong, Guoxing Optoelectronics and Hongli Zhihui are in the second camp. The two are quite similar (revenues are between 2 billion and 3 billion), but each has its own characteristics. The third echelon is mainly a group of relatively small-scale packaging companies such as Ruifeng Optoelectronics and Jufei Optoelectronics (revenue is between 15 and 2 billion). Although the current pattern is initially fixed, the reshuffle is still ongoing, and resources are concentrated in the head enterprises. Through a series of surveys, it is found that the production capacity of each household has not changed much compared with the first half of the year, and the capacity utilization level is not high. Pacific Securities believes that on the one hand, because the third quarter is the low season of traditional lighting, the growth rate of related packaging enterprises has slowed down; on the other hand, several companies have new production bases under construction (several ones choose Jiangxi in the same place), related Staff recruitment and production equipment is expanding, and this is preparing for the rapid expansion of the market, without worrying about the short-term growth rate and capacity expansion. With the release of chip expansion capacity, the industry has entered a period of balance between supply and demand from supply shortage.
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Applications:
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