Chinese LED Market Hit Hard by Coronavirus – See Industry Survey

The Coronavirus has hit the LED Industry hard, with 72% of Chinese manufacturing companies reporting in on an LEDinside industry survey, that they expect to see NO profit this month.

To understand how individual Chinese LED companies are being affected, LEDinside collected 7471 voluntary survey samples showing that only 28% of companies will still make a profit under these trying circumstances. The survey shows that small and middle-size factories are most likely to be significantly impacted by the coronavirus outbreak especially when it comes to delays in production. For a full look at the survey results, click here.