In 2015, the global LED output value (including visible light and invisible light LED) declined for the first time, reaching only 14.325 billion US dollars, and the annual recession reached 3%, mainly due to the price competition of LED manufacturers and the appreciation of the US dollar. At the same time, the self-luminous characteristics of OLED panels LED backlighting is not required, so the backlight application of smart phones will gradually be replaced by the rise of OLED technology.
Chu Yuchao said that reviewing the development history of the LED industry has always been highly developed, and the demand for the LED industry has been boosted with various applications, including mobile phone keyboards, screen backlights, TV backlights, and even smart phones and tablets. Rising, and the popularity of LED lighting penetration, according to statistics, the average annual growth rate of the overall LED industry in the past decade or so is about 20 to 30%, but the first decline in output value in 2015, due to the slowdown of the mainstream application of kinetic energy.
According to statistics, the LED output value in 2015 was only 14.325 billion US dollars, which was 3% lower than the previous year. It was the first recession in the past years. The price collapse and the appreciation of the US dollar were the main reasons for the decline.
In the ultra-analysis, the LED technology is improved, the number of uses is reduced, and the OLED panel technology is becoming more mature. More and more mobile phone manufacturers want to differentiate and introduce OLED panels. The OLED panel has self-luminous characteristics and does not require LEDs. Backlighting, so the backlight application of smart phones is gradually being replaced by the rise of OLED technology.
In addition, due to oversupply in the overall industry and overcapacity, price competition is fierce. As for LED lighting applications, although the number of uses continues to grow, the decline in the overall output value is slowed down due to falling prices.
Although the supply and demand gap of LED has not been balanced, this year's LED price competition pressure continues to exist, but Chu said that over the past year, due to excessive price competition among LED manufacturers, many LED products have been sold at a loss, even close to cash costs. Therefore, the space for price decline has been relatively limited.
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