LED bulbs price decline eased, the price hit bottom

Replace the 60 w LED bulbs in 2013-2015 average fell 30.74%, 23.36% and 11.59% respectively, instead of 40 w LED bulbs average price drop 19.25%, 17.88% and 14.52%, the price in decline significantly slow, LED declines will continue this trend in the future. After march part LED packaging manufacturer price, crystal electric contact letter issued in the near future also said it would an increase in the price of part of the series of LED chip. Future chip prices over a period of time may be transmitted to domestic chip manufacturers, earnings will help chip manufacturers. Future as LED subsidies strength decline, shrinking supply side and encapsulation scale growth decline, the LED industry, the overall supply and demand will be gradually improved.

Demand picks up, LED permeability will gradually increase

Global LED lighting penetration reached 27% in 2015, and maintain the upward trend. Ping an securities believe that the domestic LED lighting permeability slightly higher than the global penetration level, about 30%, still have considerable space for development. , according to a report LEDinside LED packaging size of the market of Chinese mainland in 2015 to $8.8 billion, year-on-year growth of 2%. And 2016 lighting manufacturers to cover the demand of the inventory released, is expected in 2016 China LED packaging market at $9.3 billion, year-on-year growth of 5%. In terms of LED chips, expect the Chinese manufacturers, share will also be increased from 73% to 76% for 15 years, as domestic LED manufacturers in southeast Asia, India and other emerging markets, the future will continue to benefit from.

Outdoor screen, car market is expected to form a new market opportunities

With the improving of the LED display technology, show the effect of increasing, at the same time LED display technology progress also greatly reduced the operator screen cost, and the late operation and maintenance costs, so the LED display has become the new favorite of outdoor media. LED outdoor media screen in 2008-2014 annual compound growth rate of 31.4%. Much starker choices-and graver consequences-in planning, points out that to develop the new energy automotive industry, the domestic auto manufacturers, share will also gradually increase, the current vehicle LED supplier to OSRAM, Lumileds, hon, etc. Car LED lighting market rise as manufacturers provide new market opportunities.