In 2016, the LED industry began to recover. The rise in raw material prices drove up the price of various links in the LED industry chain such as chip, package, lighting and power supply. Although the demand for high power grade LEDs for lighting applications is bullish, competition in this area is still intense. As competition intensifies, the average selling price of products may drop significantly. Therefore, LED package manufacturers need new growth points and product upgrades to win the market. In the current market environment, many manufacturers decided to develop new market strategies to achieve differentiation with mainstream manufacturers and obtain higher profit margins. At present, automotive lighting, horticultural lighting, non-visible LEDs, ultraviolet LEDs, infrared LEDs, LED modules, etc. have become new applications. With the acquisition of Luxvue by Apple, micro LEDs have become a new hot spot. Therefore, a strong proof of these diversified developments is that the number of manufacturers in the UV LED industry has doubled in the past three years. Chinese LED package manufacturers have gained a stable market position in the backlight, lighting and display markets, and now they have been able to imitate foreign advanced technologies very well in order to gain more market share in the general lighting market. As we all know, China is now the main manufacturing base of global LED lighting products. Major OEMs and ODMs have built factories in China. The development of LED lighting industry is driving the continued expansion of local markets and industries. With the rise of the general lighting market, LED packaging requires packaging materials to meet application requirements. For package substrates, high-power density devices are beginning to use ceramic substrates, and the market is expected to grow from $684 million in 2015 to $813 million in 2021. For the fluorescent materials market, the main YAG (yttrium aluminum garnet) patent in 2017 is about to expire, and the market will face a large number of commercialization of products, as well as price pressure. Therefore, the market in this sector is expected to grow at a slower rate. Outdoor Emergency Portable Power Station Langrui Energy (Shenzhen) Co.,Ltd , https://www.langruibattery.com