LED modules are made by arranging and encapsulating light-emitting diodes according to rules. They have the advantages of small size, low energy consumption, good color rendering, no flicker, no radiation, and long service life. They are widely used in lighting, backlighting, etc. field. Due to different application fields, LED module products are quite different in structure and performance. Low-end products can be composed of LED circuit boards and shells. Improve and stabilize LED module performance.

In the early days, due to technical limitations, LED modules were mainly used in fields that did not require high brightness and color, such as household appliance lighting and display screens, instrumentation display screens, etc. With the continuous improvement of technology, the brightness and color richness of LED modules continue to improve, and the application fields have gradually expanded to household lighting, industrial lighting, landscape lighting, traffic lighting, automotive lighting, billboards, liquid crystal displays, backlights, etc. The market size has expanded rapidly.

From the perspective of LED lighting products, because LED modules have advantages in brightness, color, moisture resistance, corrosion resistance, service life, environmental adaptability, etc., LED lighting is widely used in home lighting, factory lighting, municipal lighting, landscape lighting, Automotive lighting and other fields have rapidly squeezed the market share of traditional incandescent lamps and fluorescent lamps and have become mainstream product types. From the perspective of my country, in 2012, the penetration rate of my country's LED lighting market was only 3%, and it has grown to about 80% in 2020, bringing a broad market space for the LED module industry.

According to the "2021-2025 LED Module Industry In-depth Market Research and Investment Strategy Suggestion Report" released by the Xinsijie Industry Research Center, only from the perspective of the LED lighting field, the global LED module market will show rapid growth from 2015 to 2020. The average annual compound growth rate reached 26.9%; in 2020, the global LED module market size is about 10.4 billion US dollars. As the penetration rate of the LED lighting market continues to increase, it is expected that the growth rate of global LED module demand will slow down in the next five years, but it will still maintain a rapid upward trend.

Globally, LED module manufacturers mainly include Osram, Philips, Cree, General Electric, Phoenix, Toyoda Gosei, Seoul Semiconductor, Panasonic, TPV, Soric, Samsung, Toshiba, Liqing, Hualing Optoelectronics, Adafruit Industries, LG, etc. Among them, Cree, Phoenix, Osram, Toyoda Gosei, Liqing and other companies have the production capacity of automotive lighting LED modules; Adafruit Industries, TPV, Philips, Soric, Hualing Optoelectronics and other companies have the production capacity of LED backlight modules.

Industry analysts from Xinsijie said that LED modules have excellent comprehensive performance and are widely used in lighting, backlighting and other fields. In the field of lighting, LED lighting has gradually replaced traditional lighting, and the market penetration rate has continued to increase; in the field of backlighting, the penetration rate of smartphones, tablet computers, and notebook computers has continued to increase. These two fields have brought huge market space for the LED module industry. Since 2015, the global LED module market has grown rapidly, and it is expected to continue to maintain a rapid upward trend in the next five years, with a good development trend in the industry.