In recent years, with the continuous expansion of LED downstream application market demand, thanks to the advantages of human and raw material costs, and policy support, China has now become an important LED packaging production base in the world.
According to data from the Institute of Advanced Industrial Industries (GGII), the global LED packaging market grew by 2.9% year-on-year to US$20.9 billion in 2016. GGII expects the global LED packaging market to reach US$21.95 billion in 2017, up 5% year-on-year.
It is worth mentioning that in 2016, 51% of the world's packaging output value is concentrated in mainland China. As the global LED packaging capacity continues to shift to China, the proportion of China's LED packaging output will continue to increase.
Source: Gaogong Research Institute LED Research Institute (GGII)
Data Description: The above data is divided by country of origin
According to GGII data, the size of China's LED packaging market in 2016 increased from RMB 64.4 billion in 2015 to RMB 73.7 billion, a year-on-year increase of 14%. In 2017, driven by the LED application market, especially the LED lighting market recovery and strong demand in the niche market, GGII expects China's LED packaging market to reach 87 billion yuan in 2017.
Source: Gaogong Research Institute LED Research Institute (GGII)
As an energy-saving and environmental protection industry, LED has attracted a large influx of funds under the impetus of national policies in the early stage of development. In recent years, China's packaging industry has developed very rapidly. After so many years of development, domestic LED packaging companies continue to grow and develop, emerging like Mulinsen, Guoxing Optoelectronics, Hongli Zhihui, Wanrun Technology, Zhaochi, Ruifeng Optoelectronics, Jufei Optoelectronics, Xiamen Xinda Such a large number of packaging manufacturers such as Jingtai.
According to the GGII statistics of the main LED packaging factory revenue in the first half of 2017, Mulinsen, Guoxing Optoelectronics, Hongli Zhihui, three LED packaging manufacturers have revenues of more than 1 billion yuan, ranking the top three in China's LED packaging industry. . The revenue of 4-9 package companies also exceeded 500 million yuan, and achieved good results.
Ranking of output value of domestic packaging enterprises in the first half of 2017
In fact, in the first half of 2017, Mulinsen, Guoxing Optoelectronics and Hongli Zhihui ranked among the top ten in the global LED packaging manufacturers rankings. Among them, Mulinsen entered the top four in the global package with a revenue of 3.624 billion yuan. At present, Mulinsen is actively developing upstream and downstream of the LED supply chain to expand the competitiveness of packaging products.
In addition, Hongli Zhihui and Guoxing Optoelectronics continued to maintain rapid growth. In the first half of this year, revenues increased by more than 50% compared with the same period of last year.
I believe everyone has noticed that in the second half of the year, domestic packaging companies will continue to expand production capacity and adjust product layout to avoid price competition.
Although China is in the world's leading position in the packaging market, it still faces an indisputable fact that domestic packaging companies are large but not strong. At present, the operating conditions of many domestic packaging companies vary widely, and the development prospects of most SMEs are worrying. In the past two years, there have been many companies that have been “falling downâ€.
Many people in the industry said that the speed of competition in the LED packaging industry is accelerating, and the expansion of international companies and domestic manufacturers in the domestic market, coupled with the current price level of packaging equipment in the packaging industry has fallen to the bottom line, large manufacturers rely on centralized procurement and scale effect It can guarantee a certain profit, and domestic small and medium-sized packaging enterprises do not increase their income without increasing profits. It is gradually becoming the norm, and its living space is shrinking. It is only a matter of time before the batch collapses.
The analyst of the High-tech LED Industry Research Institute also pointed out that "the current concentration of China's LED packaging industry is still not high. In 2016, the country's first output value accounted for only 7.5%, while the top ten in the country only accounted for 21.7%. The expansion of large factories, the trend of the larger Evergrande is obvious, and the concentration of the industry is expected to further increase."
In other words, there are still many variables in the market situation of the LED packaging industry in the future. As one of the criteria for testing the profitability of an enterprise, gross profit margin has been highly valued by enterprises. According to GGII data, in 2010, the gross profit of LED packaging companies such as Mulinsen, Guoxing Optoelectronics, Hongli Zhihui, and Jufei Optoelectronics was around 30%-35%; the gross profit level of these companies continued to decline from 2011 to 2015. By 2015, the gross profit level of these companies will remain at 20%-25%; in 2016, the domestic LED industry will pick up, and the gross profit level of LED packaging companies will rebound slightly.
It can be seen that the profitability of the packaging manufacturers with advantages has improved after the price increase in 2016, especially after the chip manufacturers and packaging manufacturers form a cooperation system, the profit margin will rise benign. Facts have proved that the packaging market has maintained a warming trend in the second half of 2016 this year, and the gross profit of the company has also risen steadily.
High-tech LED observations show that most of the LED packaging companies are now extending to downstream applications, and there are some companies with strengths that are expanding upstream. Then, next, how will the LED packaging industry market develop? The China LED Packaging Industry Market Analysis Report (Sixth Edition) released by the High Industry Research Institute (GGII) will be analyzed in detail.
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