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As LED downstream applications continue to expand and market penetration rates increase, emerging markets such as high value-added lighting, small-pitch displays, and automotive LEDs will bring incremental space to the industry. The agency expects that LED price hikes are expected to heat up in the future due to factors such as slower expansion of mid-stream packaging plants and increased demand for downstream applications. As LED downstream applications continue to expand and market penetration rates increase, emerging markets such as high value-added lighting, small-pitch displays, and automotive LEDs will bring incremental space to the industry. The agency expects that LED price hikes are expected to heat up in the future due to factors such as slower expansion of mid-stream packaging plants and increased demand for downstream applications. LED is a semiconductor device that can convert electrical energy into light energy, which has the advantages of energy saving, environmental protection, safety, long life and low power consumption. From the perspective of the industry chain, LEDs mainly include upstream chip manufacturing, midstream packaging and downstream applications. Among them, downstream LED applications are mainly divided into lighting, display, backlight, decoration, automotive lighting and other fields. LED applications are an important part of the industry chain with high added value. In recent years, incandescent lamps have been rapidly eliminated, and LEDs have become the mainstream light source for lighting. At present, the largest market for LED downstream applications is the lighting field, followed by backlight applications and displays. Among them, the scale of display application has maintained a steady growth trend, especially with the continuous maturity of small-pitch LED display technology, LED display applications will gradually move from outdoor large-size display to indoor applications. The rapid expansion of the application field has further increased the proportion of LED displays in the entire downstream application industry chain. In addition, LEDs also extend the field of application to medical diagnostics. Research by Heriot-Watt University in the United Kingdom found that an LED technology can detect early cataracts, which is expected to allow cataract patients to start treatment and reduce medical resources. While it is convenient for human life, it also solves the pain for human beings, which makes LED a qualitative leap in the application field. When science is popular and wisdom is flying, the application of LED will penetrate into all walks of life. Under the trend of strong downstream demand, the upstream industry will also be in short supply, but at the same time the quality of LED can not be underestimated. The chip is the core of the LED, and the board acts as a carrier for the chip. Its efficacy directly determines the efficiency of the chip, which directly affects the lighting effect and backlight effect of the LED. The development of LED lighting and LED backlight products will drive the leap of ceramic circuit boards. As a new generation of representatives in the circuit board industry, ceramic circuit boards have higher thermal conductivity and better thermal expansion coefficient compared with traditional materials. The high temperature loss is small, which is undoubtedly the best choice for the LED market in the future. . At the same time, in the first half of 2016, the penetration rate of LEDs in China's physical channels has exceeded 60%, and the sales of LEDs in e-commerce channels have doubled. These have laid a solid foundation for the outbreak of the ceramic circuit board industry in China, and will definitely lead the LED field in the future. . (
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