More than a Third of Chinese Manufacturers to Exit LED Market as Early as 2019

Despite China’s blooming LED industry, many LED manufacturers will be eliminated from the market, according to a report by Yicai.com.

China’s LED industry is entering a high growth phase with market value expected to reach RMB 1 trillion (US $160 billion) in the next five years, but up to 30 percent of manufacturers are expected to shut down during the same period, said Pan Wenbo, Director Guangzhou Guangya Messe Frankfurt  during Guangzhou International Lighting Exhibition 2014.

There are nearly 10,000 LED manufacturers in China, industry restructures are expected to take place in the next five to eight years, said Pan. He estimated as much as 30 percent to 50 percent of companies will exit the market, and China’s LED industry will become increasingly concentrated. Only top manufacturers will survive in the market, and LED manufacturers with revenues up to RMB 10 billion are expected to emerge, he added.

LED lighting still has plenty room for growth with current lighting market penetration rates at only 20 percent to 30 percent, analyzed Pan. In the next five years, LED market penetration rates are expected to reach 80 percent and replace conventional lighting market. China’s LED lighting combined upstream and downstream market value is expected to reach RMB 420 billion to RMB 450 billion in 2014.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.
Display devices have been used for many years as a means of HMI (Human Machine Interface) to connect humans and machines interactively, and their usage are still expanding. Automotive interiors are no exception to this trend, with an increasing ... READ MORE
About LiDAR Automotive industry trends In recent years, many vehicles have been launched with ADAS (Advanced Driver Assistance Systems) as standard equipment. As the future evolves towards more automated driving, sensing around the vehicle i... READ MORE