Bright future of LED market

LED products are mainly used in backlight, color screen and indoor lighting. As backlight is the largest application market of LED at present, it has driven the rapid growth of LED industry in recent years. In the future, under the influence of product price decline and the rise of a new round of global ban on incandescent lamps, indoor lighting will replace backlight and become the fastest growing segment of LED in the future. In addition, in recent years, driven by product upgrading factors such as small spacing display screen, LED product growth has also been rising, showing a steady growth trend. Overall, the total demand for LED will continue to grow in the future, and the related companies have medium and long-term investment value.