Mulinsen Super Chemicals ranked first! 2017 Top Ten LED Packaging Market in China
TrendForce LED Research (LEDinside)'s latest “2018 China LED Chip and Packaging Industry Market Report” shows that in 2017 China's LED packaging market reached US$10 billion, up 12% year-on-year. According to LEDinside research, China's packaging market has grown substantially. The kinetic energy comes from the following demand markets, including general lighting, automotive lighting, display screens, and emerging markets.
In the general lighting market, 2017 continued its strong demand in the second half of 2016. Chinese lighting packaging manufacturers represented by Mu Linsen and Hongli continued to expand their production capacity and their market share rapidly increased. International manufacturers gradually increased their costs due to higher manufacturing costs. The proportion of OEM orders for small and medium-sized products in China, and attack the high-power landscape lighting market.
The automotive lighting market, driven by new energy vehicles and high-end passenger vehicles, has gradually increased its LED penetration rate and further expanded its market size. As the automotive lighting market is dominated by international manufacturers, including OSRAM OS, Seoul Semiconductors, and Nichia, China’s revenue has increased significantly.
The display market is not only driven by small pitches, but outdoor large-pitch displays also have a tendency to gradually develop toward smaller-pitch displays, and the demand for display LED devices is increasing by orders of magnitude.
With regard to landscape lighting, with the rapid development of China's night-sight economy, landscape lighting LED demand has also maintained steady growth.
In other emerging areas, including UV/IR, plant lighting, etc., although the market size is still relatively small, the growth momentum is large, and it is expected to become a new growth point for the LED industry in the future.
Top Ten of China LED Packaging Market in 2017
From the perspective of manufacturers, among the top ten manufacturers, international companies hold four seats, Taiwanese companies occupy two seats, mainland companies occupy four seats, and Jufei Optoelectronics is the first to list, with the top ten companies accounting for 48%.
For the first time, Mulinsen surpassed Nichia Chemical to reach the top in the Chinese market, with a market share of 8.5%. No matter if it is lighting or lighting market, Mulinsen City ranks first.
Nichia's 2017 revenue growth in China remained the double-digit growth, mainly due to the backlight, automotive lighting and niche projection market.
Lumileds still holds an important market position in the high-end lighting and automotive lighting market.
OSRAM Opto Semiconductors (OSRAM OS), as China's leading automotive lighting LED supplier, enjoys the rapid development of LED automotive lighting dividends, China's revenue growth has increased significantly, ranking up one place year-on-year.
Similarly, Seoul Semiconductor is also promoting the growth of revenue in China due to the automotive lighting market.
Other domestic first-line packaging plants, including State Star, Hongli, and Jufei, all squeezed into the top ten, and their revenues maintained a high-speed growth trend. With the continuous expansion of production capacity, the ranking is expected to further increase.