During the epidemic, with the introduction and implementation of a series of domestic measures, including the domestic and international dual cycle and new infrastructure led by 5G, China's economy recovered rapidly, and it is the only country among the world's major economies to achieve positive growth in 2020. Domestic LED display application industry has also gained a lot of opportunities, such as commercial display, professional display and other market segments have grown, related enterprises in the second half of 2020 orders increase, project increase, performance has risen, showing a strong vitality.
As a growth industry, the development of LED display application industry mainly depends on the progress of LED display technology, the launch of new products and the quality of service to achieve. Despite the huge impact of the epidemic on the market, the fundamentals of the industry remain stable and the overall trend is positive.
For families with purchase or decoration needs, smart home framework can be built in the pre-installation stage, and pipelines and routes are embedded in the decoration. But for most families, the smart home system of "speaker + smart single +APP" is the first choice. Therefore, in order to quickly get through the home scene and realize the interconnection of indoor infrastructure, traditional home products must accelerate the process of intelligent transformation.
LD Lighting is specialized in design and manufacture of all kinds of lighting fixtures. 2021 new product-TUYA APP Control RGB Slim Panel Light, is in line with consumers' demand for smart home system of "speaker + smart item +APP".
The growth potential of smart home is inclined to fragmentation devices, and the intelligent transformation of traditional home products is accelerating, including lighting and household appliances of large and small sizes. In 2021, the growth rate of the smart lighting industry will exceed 90%, and the growth rate of the smart home appliance industry will exceed 30%. In 2021, smart lighting is expected to grow by 34% in the front installation market, intelligent temperature control products by 26% and automation control devices by 31%.