LED industry is on the lookout

As analyzed by the Semiconductor Lighting Industry Co-Innovation Center in Guangdong Province, the LED industry has experienced several years of explosive growth and is shifting to a rational growth phase.

For Guangdong LED industry, the challenge is real. On the one hand, increased competition in the industry has accelerated market consolidation. Since 2010, LED companies have mushroomed. After two years of market slaughter, customers have now concentrated on large companies, the industrial chain has become more and more clear, LED lighting products have entered the era of low profit. On the other hand, the transformation and upgrading of the industry is hampered by the double constraints of market and cost investment. The decline in the industry’s profit margins and the gradual opening of potential markets all mark the maturity of the LED industry. However, as many companies are trapped in "price wars" or low-cost competition in market competition, the transition to the high end of the value chain has become particularly difficult.

Whether or not we can grasp the opportunities and meet the challenges will further test the wisdom of the relevant departments of the Guangdong Provincial Government in the future. In the past few years, whether it is core technologies and demonstrations to promote the innovative concept of “breakthrough at both ends” or the collaborative innovation model of “government to set up and alliance to sing opera”, Guangdong has made full use of the “visible hand” of the government. In the future, how to help companies survive the difficult "industry reshuffle" period and realize the transformation, upgrading and benign development of the entire industry will require newer thinking and bolder attempts.

Of course, in order to usher in a bumper harvest, we must finally look at the wisdom of the company itself. Smart companies should look up to see international competition, no longer indulge in the "inside struggle" around them, and seek long-term vision of "strong and strong alliances", identify their position in the industry chain, and concentrate on building core competitiveness. .