The LED Market Output Value Will Up To 16.531 Billion U.S. Dollars In 2021

1、LED display: Application areas that have been hit harder by the epidemic, including commercial leasing, sports venues, corporate conference rooms, and outdoor display screens, are expected to gradually recover in 2021. In addition, the shortage of raw materials and price increases have obviously driven the impact of the market stocking market, and it also represents that brand manufacturers are optimistic about future market demand expectations.

2、Mini-LED products are defined in a chip size of 75-300μm, and the products cover self-luminous display  and backlight applications.

3、Automotive lighting and automotive displays: Since the fourth quarter of 2020, the global automotive market demand has fully recovered. LED manufacturers have also simultaneously stated that the order status in 2021 is extremely good, which has caused most LED manufacturers to extend the lead time of their products. At the same time, considering in the future, there may be double bookings , so we will continue to observe the actual order quantity and the possibility of future price increases.