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Automotive Lighting Market Demand Contributes To Global LED Output Growth
- Dec 26, 2018 -

The LED industry in 2017 benefited from the stable price of LED market and the rapid growth of vehicle lighting. In 2017, LED inside predicted that the output value of vehicle LED would reach 2.817 billion US dollars, with an annual growth rate of 14.8%. Compared with 2015 to 2021, the annual composite growth rate of the overall LED industry was only 3%, showing a significant growth trend. Then please follow the steps of eeworld LED edition to understand the global LED market output value driven by the market demand for off-vehicle LED in detail.

LED inside pointed out that in the past several mainstream applications of the LED industry, including mobile phone applications, large and medium size panel backlighting applications, will decline year by year due to the rise of OLED.

As for LED lighting, although it has been the largest application of the LED industry, due to saturated permeability and competitors, the overall output value has slowed down.

According to LED inside, the overall market is still growing as various LED manufacturers invest in automotive lighting and small spacing display areas.

LED inside analysis of the main growth momentum of the automotive market, in which the sustained growth of China's automotive market is the main key. Because the overall automotive market is affected by the uncertainty of the international political sector, as well as the pessimistic psychological expectations of future economic trends, the overall sales of new cars increased only slightly in 2016.

But in individual regions, North American passenger car sales have declined, and the benefits of oil production cuts have failed to stimulate new car sales; Europe has also been squeezed by uncertainty arising from Britain's disengagement.

As for the bright performance of the Asian market, although China's first-tier cities continue to introduce purchase restriction orders, the growth rate is not as good as that of the previous headlamp and fog lamp import penetration, due to the headlamp and fog lamp market is still the main source of growth power for high-power LED, coupled with the high brightness and doorstep, the penetration base period is also low. Headlamp and fog lamp permeability are 12% and 16%, respectively. The annual compound growth rate of output value will reach 18% and 15% from 2015 to 2020. They rank in the top two in all kinds of out-of-car applications and have a good future.

Because the proportion of light guide board in the taillight is increased, the number of LED in the taillight assembly is increased.

With the gradual increase of vehicle intelligentization and multimedia functions, including the introduction of in-car intelligent rearview mirror and other functions, the problem of dead angle can be reduced and driving safety can be improved. In the next two years, there will be opportunities to be included in vehicle standard equipment, increase the use of lens and panel. It is expected that in the next five years, panel will still be the fastest growing application in-car. It is estimated that production in 2021 will be achieved. Value will grow rapidly to US$173 million, with a compound growth rate of 26% from 2016 to 2021.

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