Light emitting diode (LED) is a semiconductor element. At first, it was mostly used as indicator light, display LED board and so on. With the appearance of white led illuminated by LEVO LED, it is also used as lighting.
LED, known as the fourth generation lighting source or green light source, has the characteristics of energy saving, environmental protection, long service life and small size, and is widely used in various fields such as indication, display, decoration, backlight, general lighting, city night scene and so on. According to different functions, it can be divided into five categories: information display, signal lamp, car lamp, LCD backlight and general lighting.
Driven by factors such as policy escort and sales promotion, LED has become one of the investment hotspots in the capital market in recent years, among which Xinhaiyi and Fu Jeer have made outstanding achievements in science and technology. Because the fourth quarter is the peak consumption of LED lighting, TV and other products, the sales of the upstream component industry will also increase periodically. With the implementation of+10/October 1 China's policy of prohibiting the sale and import of incandescent lamps of 60 watts and above in June 65438, the road map for eliminating incandescent lamps in China has been started, and the popularity of LED lighting will continue to increase. According to industry insiders, the incandescent lamp replacement market alone will increase the demand for more than 654.38+0.2 billion light sources every year.
The LED market has broad prospects.
LED products are mainly used for backlight, color screen and indoor lighting. Backlight is the largest application market of LED at present, which has driven the rapid growth of LED industry in recent years. In the future, under the influence of falling product prices and a new round of global ban on incandescent lamps, indoor lighting will replace backlight as the fastest growing market segment of LED in the future. In addition, in recent years, driven by product upgrading factors such as small-pitch displays, the growth rate of LED products is also constantly improving, showing a steady growth trend. On the whole, the total demand for led will continue to grow in the future, and related companies have medium and long-term investment value.
At present, China is gradually becoming the global LED industry base. Statistics show that the total output value of China lighting industry in 20 13 years was 480 billion yuan. Among them, the export market is 35 billion US dollars, and the domestic market is more than 200 billion yuan. Compared with the incremental market of more than 200 billion yuan, the insiders believe that the lighting stock market formed in the past 30 years of reform and opening up will have several trillion yuan of market space. It is predicted that in the next 3-5 years, LED lighting will reach the peak of the industry output value, with a compound annual growth rate of 1 0,000%, and the industry output value is expected to reach one trillion yuan.
In addition, overseas emerging markets are bringing greater opportunities for domestic LED enterprises. In the first half of this year, the export value of LED lighting products in China was about US$ 4.35 billion. Among them, the BRICS countries accounted for about 440 million US dollars, a year-on-year increase of 350%. The rapid growth of overseas emerging markets will continue to benefit domestic LED manufacturers.
Mining LED Industry Chain from Three Angles
The LED industry chain can be divided into three parts: chip manufacturing, packaging and application. From the perspective of benefit, upstream chip manufacturing has undoubtedly become the most beneficial link. In the explosive growth of LED lighting industry, upstream epitaxy and chip performance are the most resilient. Because of the high technology content of chip manufacturing in LED industry chain. Therefore, enterprises with R&D technology, patented technology and scale advantages will benefit the most.
Xinhaiyi 20 1 1 officially entered the field of LED chip manufacturing. Thanks to the cooperation with Institute of Nanotechnology of China Academy of Sciences, the company is in a leading position in chip luminous efficiency, yield and other technical indicators. In the third quarter, the company's 20 MOCVD equipment is expected to reach production, and the revenue growth rate of LED products will continue to accelerate in the second half of the year. In addition, the company recently announced that it will expand the investment project of new nanocrystalline LED epitaxy and chip production capacity (Phase II). Establish a new generation of epitaxial wafers, chips and packaging production lines. In this regard, Kang Zhiyi, an analyst at Huatai Securities, predicts that the LED production capacity will double next year, and the company's MOCVD equipment output will reach 40 units by the end of the year.