Affected by the global economic environment, the overall performance of the LED industry in mainland China in 2015 was quite low. According to the 2016 China LED chip and packaging industry market report released by TrendForce's LED industry research brand, the LED packaging market in mainland China was 8.8 billion US dollars in 2015, which was only affected by the global economic environment. China Mainland in 2015 The overall performance of the LED industry is quite low. According to the 2016 China LED chip and packaging industry market report released by TrendForce's LED industry research brand, the LED packaging market in China in 2015 was 8.8 billion US dollars, an increase of only 2%. However, it is estimated that the LED packaging market in China will be US$9.3 billion in 2016, up 5% year-on-year due to the rebound in demand. LED industry analyst Yu Bin said that in 2016, the demand for lighting manufacturers to replenish stocks came out, which led to an increase in the rate of LED chip manufacturers and the market showed signs of recovery. The price of upstream LED chips has stopped falling. Only a few manufacturers have increased the price of LED chips, so the price of LED packaging will remain stable in the short term. However, as the LED industry has entered a mature stage, and due to technological improvements, the market size of some application fields such as the backlight market has begun to shrink.
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