The Evolution of China's LED Industry from the View of Disruptive Technology Innovation

The unique technical principals and superior technical performance make LED lighting achieve the disruption of traditional lighting. This paper conducts an analytical framework of "technology-market-policy" to reveal the internal mechanism and key driving factors of LED as a disruptive technology, from the sprout of science and technology to become a new generation of lighting technology replacing the traditional lighting. By studying the growth path of China's LED industry and excavating the influencing factors and important impetus in its growth process are enable us to recognize the characteristics and incentives of emerging industries based on disruptive technology innovation.