As of today, the LED industry is already a deterministic trillion-class market. Whether the government's top-level design or industry practitioners are optimistic about the rapid development of the industry in the next two to three years. First of all, the LED industry's industry penetration rate (30%~40%) still has room to double, which is still in a rapid replacement stage in recent years. Secondly, the global packaging industry has continued to move to the mainland. According to research findings, orders from overseas packaging giants Seoul Semiconductor and Samsung to mainland companies have gradually increased, and Chinese packaging companies are facing a global market. Moreover, as the cost of lamp beads decreases, more application scenarios are gradually being developed, and new applications such as intelligent lighting and automotive lighting will lead the next stage of LED demand.
Through a series of investigations, it is found that there is not much change in production capacity compared to the first half of the year, and the level of capacity utilization is not high. Pacific Securities believes that on the one hand it is because the third quarter is the off-season of traditional lighting, and the growth of related packaging companies has slowed down.
