China's total LED output value will reach 214.84 billion yuan in 2022

In 2021, China's LED industry has rebounded under the influence of the replacement transfer effect of the new crown pneumonia epidemic, and the export of LED products hit a record high. From the perspective of industry links, the revenue of LED equipment and materials has increased greatly, but the profit of LED chip substrate, packaging, and application has been thinning, and it is still facing greater competitive pressure.

Looking forward to 2022, it is expected that China’s LED industry will continue to maintain rapid double-digit growth under the influence of the substitution shift effect, and hot application areas will gradually shift to emerging applications such as smart lighting, small-pitch displays, and deep ultraviolet disinfection.