Chinese LCM factory manufacturer

Status of LCM Factory Manufacturers in China

In recent years, with the rise of Chinese LCM factory manufacturers, the LCM industry has developed rapidly in China. According to market research firm iResearch, the output value of Chinese LCM factory manufacturers reached US$6 billion in 2018, compared with only US$4 billion in 2017. The output value of Chinese LCM factory manufacturers is expected to reach $10 billion by 2020.

At present, China’s LCM industry is dominated by several large enterprises, including Jiangsu Xinxing Optoelectronics, Shenzhen Chuangxin Microelectronics, Shanghai Kunlun Optoelectronics, Beijing Venustech, etc. These companies occupy a major share of the industry and are growing.

However, despite the rapid development facing the Chinese LCM industry, there are still some problems. At present, the core technology of the industry is still at a backward level, and most companies rely on external technology to develop new products. In addition, due to intensified market competition, some companies are caught in a low price war, which puts the industry under enormous pressure.

Nevertheless, with the continuous growth of Chinese LCM enterprises and the continuous improvement of technical level, it is expected that the industry will usher in a new wave of development in the future.