Introduction: "The cost of LED lights has dropped to one - tenth of what it was five years ago. With further cost reduction, by 2020, 70% of global lighting will use LEDs," said Liu Ye, the R & D director of the LED Bulb Division of Philips Lighting. Apparently, both the government and enterprises are bullish on the prospects of LEDs and have concentrated substantial resources here. The once - popular LED industry, after experiencing a booming development period, has encountered a cold front, and its growth momentum has gradually cooled down. The extreme contrast described here refers to the LED industry. Although its growth rate has been relatively low after being hit by the financial crisis, it still maintains a slow - growth development trend. What factors have led to this? Follow the pace of Dongguan Ant Automation and let's explore together! "Now the cost of LED lights has dropped to one - tenth of what it was five years ago. With further cost reduction, by 2020, 70% of global lighting will use LEDs," said Liu Ye, the R & D director of the LED Bulb Division of Philips Lighting. Apparently, both the government and enterprises are optimistic about the prospects of LEDs and have concentrated significant resources in this area. A person from an LED enterprise in Suzhou told the reporter that in the past two years, the city government has allocated 2.5 billion yuan in financial subsidies to support the development of the LED industry. There have been many imitators such as Jiangmen in Guangdong following Yangzhou's example. Industry insiders believe that the local government, as a driving force behind the performance - related projects, spurred the prosperity of the industry in the initial stage, resulting in the industry being full of bubbles from the very beginning. A huge "cake" from the central government is about to be distributed, which has once again set off a frenzy in the booming LED industry. The reporter learned from the China Solid - State Lighting & LED Industry Alliance that 2.2 billion yuan in financial subsidies for supporting energy - saving lamps and LED lights will be officially introduced in early July, and the key beneficiaries of the subsidies will be competitive large - scale LED enterprises. According to the "13th Five - Year Special Plan for the Scientific and Technological Development of Solid - State Lighting", by 2015, the scale of China's LED lighting industry will reach 500 billion yuan first, and LED lighting products will account for 30% of general lighting. 20 - 30 leading enterprises will be key - cultivated, 20 national - level industrial bases and 50 "Ten Cities, Ten Thousand Lamps" pilot demonstration cities will be built, and China's solid - state lighting industry will be promoted to enter the top three in the world. The invisible hand of the government is an important factor in the rapid development of the LED industry. The person in charge of a domestic LED manufacturer said that although the share of China's LED in the lighting market is still less than 5%, the country's efforts to promote this technology are unprecedented. In addition to the strong support of government policies, the development of automatic dispensing machine technology nowadays has also promoted a major upgrade of the LED industry structure. The continuous and stable development of the LED industry has put forward higher requirements for fully automatic dispensing machines and fully automatic soldering technologies, which further promotes the development of automatic dispensing machines and soldering technologies to a greater extent, and also indirectly contributes to a comprehensive upgrade of the LED industry structure.