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Shenzhen Elai Lighting Co.,Ltd
Tel:  +86 13590187024  
Address: Factory Add: 4th Floor,A Building,Yilai Industrial Park,Shuitian Road,Shiyan,Bao‘an,Shenzhen,China 

The LED packaging market in China will be RMB76.8 billion in 2021

        According to the latest research report of LEDInside, "2018 China LED Chip and Packaging Industry Market Report",in 2017, China‘s LED packaging market will reach RMB 65.9 billion, and will grow to RMB 76.8 billion in 2021. The main growth momentum includes lighting, display, automotive lighting and architectural landscape lighting.

In 2021, China‘s commercial lighting LED market reached 36.3 billion yuan
        In 2017, the scale of China‘s lighting LED market reached 31 billion yuan, higher than the market period, mainly due to the economic recovery in Europe and the United States, and the total export of LED lighting in China.The steady growth of the market and the transfer of production capacity are the two main factors driving the growth of China‘s LED lighting market in the future.Considering that the LED lighting penetration rate is already high and the replacement cycle is long,therefore, the market size will not show explosive growth in the future. It is estimated that the scale of China‘s lighting LED market will reach 36.3 billion yuan in 2021, and the compound growth rate will be 7% in 2016-2021.

In 2021, China‘s automotive LED market will reach 9.7 billion yuan, 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 9.7 billion yuan in 2021, becoming one of the fastest growing areas.

China‘s LED display market will reach 9.8 billion yuan in 2021
        The increase in display fineness requirements has led to a steady increase in the size of the display LED market. In 2021, the scale of China‘s display LED market will reach 9.8 billion yuan.

Architectural landscape lighting and ultraviolet LED market
        In recent years, China has accelerated the pace of urban construction, including second- and third-tier cities such as Nanchang and Xiamen, which have actively promoted landscape lighting projects.Therefore, although the price of LEDs is showing a downward trend, the demand is increasing, and the landscape lighting shows that the market scale can maintain a stable level.Major manufacturers include CREE, Lumileds, OSRAM, Mulinsen and others.
        Due to the steady growth of technology and manufacturers in the UV market,in the future, the acceptance of the Chinese market will gradually increase, and the proportion of China‘s ultraviolet LED output value will also increase year by year.