In today's lighting industry, LED technology is becoming the mainstream choice in the lighting field with its advantages of high efficiency, energy saving, long life and environmental protection. With the continuous advancement of technology and the continuous growth of market demand, LED lighting products are developing in the direction of intelligence, greenness and high-end.
1. Industry status
Market scale continues to expand
In recent years, the scale of the global LED lighting market has continued to grow. Although the global LED lighting output value declined in 2024, it is expected to resume positive growth to US$56.626 billion in 2025. In the long run, the global LED lighting market still shows a trend of stable growth. In the Chinese market, the output value of China's LED lighting industry reached approximately 717.38 billion yuan in 2023, and it is expected to reach 716.9 billion yuan by 2024.
Technological innovation and policy support
The global energy crisis and environmental protection policies have prompted governments to introduce policies to support the development of LED lighting technology.
2. Technological development
LED chip technology
LED chip is the core unit in LED to realize the electro-optical conversion function. In recent years, LED chip technology has made significant progress in efficiency, cost, color accuracy and intelligent applications. The new generation of high-brightness, high-efficiency LED chips can provide stronger light output at lower power consumption and extend service life.
Packaging technology
Packaging technology directly affects the quality and cost of LED products. At present, common packaging technologies include SMD packaging, COB packaging, etc. With the continuous development of technology, packaging technologies such as MIP/COB are also promoting the development of the MicroLED industry.
3. Application fields
Information display
LED display screens are widely used in shopping malls, airports, offices and other places, providing high-resolution visual effects with bright colors and high contrast. Outdoor LED display screens are widely used in billboards, transportation hubs, stadiums, etc., with the characteristics of durability and wind and rainproof.
Lighting
LED lighting has been widely used in many fields such as home, commercial, road lighting and smart city construction. With the explosive growth of the smart LED lamp market, LED lighting will become more intelligent and personalized.
Emerging fields
The rapid development of MiniLED and MicroLED technologies has promoted technological innovation in the industry. These new display technologies not only improve the display effect, but also reduce costs, making high-end displays more popular. At the same time, packaging technologies such as MIP/COB are also promoting the development of the MicroLED industry.
4. Future Development Trends
Intelligence
With the rapid development of technologies such as the Internet of Things, big data, and artificial intelligence, intelligent lighting systems will become an important development direction for the LED lighting industry. Intelligent lighting systems integrate various sensors and controllers to achieve precise control of parameters such as light intensity, color temperature, and brightness. Users can remotely control lighting equipment through mobile phone APPs, voice assistants, etc., to achieve functions such as scene mode switching and timed switches.
Greening
Under the background of global green development and sustainable development, the LED lighting industry will pay more attention to energy conservation, environmental protection and sustainable development. LED lighting products themselves have the advantages of high efficiency and energy saving, long life, environmental protection and pollution-free, which are in line with the concept of green development. In the future, the LED lighting industry will promote the entire industry to develop in a greener and lower-carbon direction by improving the energy efficiency of products, reducing energy consumption and reducing waste.
High-end
With the continuous advancement of technology, the functions and performance of LED lighting products will continue to improve to meet the increasingly diverse needs of consumers. High-end lighting products will pay more attention to design, quality and user experience, and promote the industry to develop in the direction of higher added value.
The LED lighting industry has been widely used in commercial buildings and homes due to its high efficiency and energy saving, intelligent control, safety integration, personalized experience and flexible adaptation. With the continuous advancement of technology and the continuous growth of market demand, LED lighting systems will usher in a broader development prospect. Enterprises should target these market growth points and launch more targeted products and services to adapt to changes in market demand and promote the sustainable development of the industry.
