Analysis of LED lighting instruments and application market
New energy will gradually replace the traditional energy to become a drive to promote social and economic progress, and new energy is often accompanied by the birth of new technologies and progress should come into being, LED industry is a new energy is a typical incubator. Industry insiders believe that, at present, China's LED industry advantages and risks co-exist, banks should support the development of China's LED industry.
LED industry has obvious advantages
LED is LightEmittingDiode (light-emitting diode) short, belongs to a compound semiconductor components, can be converted into light. LED has a high luminous efficiency, environmental protection, long life, small size and other advantages. Products are mainly used in mobile phones and other equipment backlight, traffic signal lights, outdoor landscape lighting, indoor decorative lighting, automotive interior and exterior lighting, mining lamps and other lighting, etc., of which mobile phones use the largest, accounting for 36% of the LED application market, followed by the signal indication field, such as traffic lights, accounting for 17%.
LED learning threshold is low. Although the domestic LED industry foundation is relatively weak, the process level is relatively low, but some domestic enterprises through the hiring of overseas technicians, and constantly make breakthroughs in technology, many enterprises have already obtained independent intellectual property rights, the technical level of domestic enterprises has been with the technical level of Taiwan's large manufacturers is not far from the overall gap with the international manufacturers is also shrinking.
LED investment is relatively small. LED initial investment of 100 million yuan to build factories, Lianchuang photoelectric, Silan Micro and other well-known listed companies in the industry, the total assets of more than 1 billion yuan, domestic enterprises to enter the threshold is low, easy to achieve the rolling development, which is often billions of dollars with integrated circuit manufacturing and LCD panel manufacturing to tens of billions of yuan of investment in terms of the seemingly "insignificant", the domestic enterprises are easy to enter the formation of industrial clusters. The advantages of resources are obvious.
Resource advantage is obvious. China has rich non-ferrous metal resources, gallium, indium reserves, accounting for 70% to 80% of the world's reserves, which makes China's development of LED industry has the advantage of resources. After the technology is mature, LED downstream packaging and device production is labour-intensive, China has obvious labour cost advantage.
LED industry risks
LED belongs to the high-tech industry, production technology and product performance is constantly improving, the industry can continue to keep up with the technological progress of the LED industry, the company is crucial. Once the technology lags behind, it will lose market share and even incur losses, which will eventually form a vicious circle.
Industry transfer risk. Taiwan about 80% of the LED packaging capacity has been transferred to the mainland, the middle and upper reaches of the chip, epitaxial wafer industry transfer but relatively little, but there is a trend of increase. The mainland LED industry structure to improve, inevitably to meet the competition of Taiwan-funded enterprises, the two compete with each other, at present, the mainland enterprises are still in a disadvantage.
Macroeconomic risk. The global economic depression is likely to affect the policy of each country to support the LED industry, LED products in the western countries as well as China's popularity rate may be lower than expected.
