Entering 2021, the LED industry has gradually crossed the low point and ushered in a new round of boom. According to statistics from the China Lighting Association, in the first quarter of 2021, the export value of LED lighting products was 9.825 billion US dollars, an increase of 102.66% over the same period last year.
In addition to upstream LED chip manufacturers, the performance of mid- and downstream LED packaging, LED lighting and LED display companies in the first half of the year also benefited from the recovery of the LED lighting market, the increase in the proportion of mid-to-high-end lighting products, and the opportunities for new Mini/Micro LED displays.
The TrendForce forecasts that the global LED lighting market will reach USD 38.199 billion in 2021, with an annual growth rate of 9.5%.
