According to the latest industry report of the market research agency, the global LED output value in 2021 will be higher than market expectations, reaching US$17.65 billion, an annual increase of 15.4%, as the epidemic slows down and drives the recovery of various global economic activities.

Among them, the general lighting, horticultural lighting, automotive and display application markets all showed relatively large growth; the backlight market benefited from the introduction of Mini LED technology and the drive of leading manufacturers, and remained stable.

From the perspective of LED manufacturers' revenue rankings, thanks to the rebound in market demand, most manufacturers' revenue has grown significantly, and the top three manufacturers have a market share of 29.5%. Nichia's backlight LED business revenue declined despite the increase in OLED penetration. However, driven by the rapid growth of revenue in the flash, automotive LED and general lighting markets, the overall revenue continued to grow steadily, ranking first in the world.

With stable product quality, excellent light efficiency and cost-effectiveness, ams OSRAM is regarded as the first choice of suppliers for high-end cars and new energy vehicles around the world. In addition, benefiting from orders for plant lighting and infrared sensing, its revenue ranks second in the world.

Samsung LED also benefited from the improvement in automotive lighting, horticultural lighting, general lighting and Mini LED backlight business, ranking third. Among them, Samsung Lighting LED products are positioned in the high-end market. Among them, in high-end markets such as Europe and the United States, with the advantages of quality and patents, the market share has gradually expanded. It is worth mentioning that Samsung LED's horticultural lighting orders also showed rapid growth, driving its lighting LED business revenue to rank first in the world.

The top ten LED manufacturers also include Seoul Semiconductor, Lumileds, MLS, Everlight, LITEON, Nationstar and Hongli. Seoul Semiconductor benefited from large-size backlight, automotive LED and lighting revenue growth. Lumileds also performed well in the fields of automotive LEDs and lighting LEDs, and continued to launch a variety of LEDs for commercial lighting, plant lighting and architectural lighting to seize market share. While Mulinsen, Nationstar Optoelectronics and Hongli Zhihui have significantly increased their revenue in the display LED and lighting LED markets; Everlight and Lite-On continue to develop optocoupler, infrared sensing, and consumer electronic indicator products.