2016 China LED screen industry technical characteristics analysis

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Recently, "at 2017, LED a new discovery BBS and the fifth China LED industry prominent awards" jiangmen successfully held, semiconductor lighting industry in guangdong province joint innovation center (GSC) and intellectual emerging industry development in guangdong province, director of the institute for SuiShiRong made an important speech on the same day report, dry, full, a think-tank, gunter will be written up, One by one, for the benefit of wise friends. Limited by space, yesterday has taken the lead in releasing the first part "interpretation of LED frontier policies, what development opportunities can be grasped in the future?" Today, we will continue to present the second part of the "2016 Chinese LED industry status and characteristics analysis".

1. Layout and development status of China's LED industry

According to statistics, from the perspective of the regional layout of domestic LED industry development, the current LED industry in China has formed five regions: the Pearl River Delta, the Yangtze River Delta, the Bohai Rim region, the Fujian and Jiangxi regions and the central and western regions, and more than 85% of LED enterprises are distributed in these five regions.

Analysis of the development status and characteristics of China's LED industry in 2016

Back in 2015, the global packaging manufacturers Top10 ranking Chinese manufacturers have accounted for three seats. China's power is becoming more and more important in the global LED industry pattern. It can be seen that the original situation where the United States, Japan and Europe are leading and South Korea and China are catching up is being rewritten.

As China enters the "new normal" of economic growth rate change, industrial structure adjustment and development mode transformation, China's semiconductor lighting industry is facing the situation of excess capacity, and the growth rate slows down in the general situation of maintaining a constant upward trend, and begins to shift from "high-speed" growth to "medium-high" growth. According to CSA statistics, in 2016, the overall market size of China's semiconductor lighting industry reached 521.6 billion yuan, an increase of 22.8% compared with 2015. Compared with the annual growth rate of more than 30% in the past 10 years, the growth rate has decreased significantly.

1. Layout and development status of China's LED industry

Analysis of the development status and characteristics of China's LED industry in 2016

In 2016, LED general lighting remained the first driving force of the application market, with the value of the general lighting market reaching 204 billion yuan, accounting for 47.6% of the overall application market, up from 45% in 2015. Display applications due to the rapid rise of small spacing LED display technology, the scale of about 54.8 billion yuan, accounting for 12.8% of the overall application market. With more and more LED lamps used in the headlights of high-end models such as Mercedes Benz and BMW, LED automobile lighting increased at a high speed in 2016, with a year-on-year growth of 33.8%, accounting for 1.4% of the overall application market.

At the same time, China's LED core technology is also making breakthroughs. With the development of China's LED industry, especially the strong promotion of China's technological innovation in recent years, China's LED industry key technology gap with the international level is further narrowed, has become the world's largest LED production, export and application power.

According to relevant analysis data, in 2016, China's power white LED industrialization light efficiency 160 LM /W(international manufacturers 176 LM /W); The industrial light efficiency of power silicon LED chip with independent intellectual property rights is 150 LM /W, reaching the international leading level; The continuous output power of 280nm deep ULTRAVIOLET LED at room temperature exceeds 20 mW, which is in the advanced level in the world. The light efficiency of white OLED is over 120 LM /W; LED small spacing display products industrial minimum spacing has reached 0.9mm(P0.9).

2. Export status of China's LED products in key fields

Export of LED products in China's key fields, after years of rapid growth, exports of LED products in China's key fields began to decline in 2016. According to customs data, from January to November 2016, China's LED products in the top ten key fields exported usd 36.174 billion, down 13.57% year on year, and the annual export scale is expected to be about USD 40 billion. Among them, the export of LED lighting products was us $18.853 billion, down 6.92% year on year; LED display exports were us $1.161 billion, down 4.31% year on year; LED chip exports were $3.942 billion, down 54.85% year on year.

According to customs data, from January to November 2016, the export scale of China's LED lighting segmentation products, the top three export scale are ceiling light, projection light, panel light.

Among them, Europe and the United States is still the main export market of China's LED products. From January to November 2016, the top 10 export markets of China's LED products in key fields were the United States (25.63%), Hong Kong (9.07%), the Netherlands (5.79%), Germany, the United Kingdom, South Korea, Japan, Singapore, India, Australia and so on. In 2016, the export market of China's KEY LED products in the belt and Road Initiative amounted to us $7.371 billion, accounting for 20.38% of the national EXPORT of LED products in key fields.

3. Market segmentation: manufacturers turn into niche applications

In addition, LED lighting application market segmentation, many domestic manufacturers accelerated into niche applications. In fact, in the face of the downward trend in THE price of LED lighting products, domestic LED enterprises have been looking for niche areas to make efforts, and LED manufacturers have accelerated into niche application areas, from LED to LED+. From the overall perspective of LED industry enterprises in 2016, it shows that chip enterprises extend semiconductor integrated circuit, midstream packaging expand market segments, downstream lighting education and media.

Analysis of the development status and characteristics of China's LED industry in 2016

4 mergers and acquisitions integration, industry consolidation shuffling and upgrading accelerated

In the past year, merger and acquisition integration can be said to sing the main theme of the industry, industry consolidation shuffle and upgrade accelerated. Looking back at the LED industry in 2016, the drama of mergers and acquisitions continued to play out, and the industry's consolidation, reshuffle and upgrading accelerated. In addition to some mergers and acquisitions, for example, due to the United States' obstruction of China Grand Chip Investment Fund's acquisition of Aixtron on the grounds of national security, there were about 40 acquisitions of large and small in the LED industry in 2016, and the amount of mergers and acquisitions has reached more than 30 billion yuan.

The characteristics of mergers and acquisitions can be summarized as three points: 1. 2. More overseas acquisitions, and more obstacles; 3. Increasing cross-border mergers and acquisitions, mainly in the fields of sports, education, VR, uav, medical and health care, etc.

5LED industry supply side contraction, frequent "rising tide"

Entering the end of the year, environmental protection wave hit, in the manufacturing industry in Guangdong set off a storm. Guangdong: 793 enterprises were closed in Foshan, 18 in Jiangmen and many in Chaozhou.

Since 2016, the LED industry supply side contraction, including gold wire, copper, aluminum, PCB board and other raw material prices have increased several times, coupled with the end of the "environmental storm", LED to a total of 4 rounds of LED industry price rise tide. Overall, the price increases for lighting products ranged from 5 percent to 15 percent, with an 8 percent increase in the majority. In the past, LED products fought fiercely on price, sacrificing quality and profit to grab the market is not uncommon. This price increase can promote the industry to return to rational competition and develop in a healthy direction to a certain extent.

6. The degree of industrial concentration has been steadily increased, and the competition pattern has taken shape

According to the introduction, from the chip, packaging to lighting display and other related fields of the overall situation, in 2016, LED enterprises greater evergrande trend, LED industry concentration is higher, but at the same time the competition has become more intense, making the high margin market (including LED and non-LED field) has become a new direction for THE transformation and upgrading of LED listed enterprises. According to statistics, according to the financial data of the first three quarters, the revenue of the top ten manufacturers in 2016 is expected to exceed 2 billion yuan, and 4-5 manufacturers will enter the 5 billion yuan club.

Upstream monopolistic competition. Data show that in 2009, there were 62 LED chip enterprises in China, but now there are only more than 20 in normal production, and there may be only three or five chip enterprises left in the future. Leading enterprises in the middle and lower reaches gradually appear. Transformation from "single business type" to "combination of multiple business types". Companies with cost control, technology leadership, product quality stability and scale production capacity will be able to stay.