Three major trends in the global automotive LED lighting market

First, global lighting increased by 2.5% in 2015 compared with 2012. In 2015, the global high-brightness LED production value was 12.4 billion US dollars, which was 2.7% lower than that in 2014. Among them, the proportion of LED components for lighting was as high as 49.3%, and ASP dropped greatly. However, in terms of the domestic production and export regions of lighting terminal products, the annual growth rate of lighting export value in 2015 was 15.1%, of which more than 4 became LED lighting, showing that the terminal lighting market demand is relatively strong. In 2015, the domestic lighting export value in each month was compared with the same period in 2014. Except for negative growth in March and August, the rest of the month showed positive growth; if the cumulative number in each month of 2015, compared with the same period in 2014 Compared with January 2015, there is a double-digit growth rate. It can be seen that the demand for terminal lighting market is still pulling up. However, it is worth noting that the annual growth rate from February to July 2015 is over 20%, but After August 2015 (inclusive), the annual growth rate is between 14.7 and 16.2%, which is slightly slower than the growth of the same period in 2014. The scale of the global lighting market is growing slowly regardless of technology. In 2015, it only increased by 2.5% compared with 2012, and the market size in 2015 was US$110.2 billion. In contrast, domestic lighting export value is not divided into technologies. Look, compared with 2012, it increased by 83.2% in 2015 and reached US$35.79 billion in 2015. If we further compare the domestic lighting export value to the global lighting market, the proportion of the global lighting market is 18.2% in 2012 and 32.5% in 2015, an increase of 14.3 percentage points in four years. It is not difficult to see that the domestic lighting manufacturing industry is playing an increasingly important role in the world. (DIGITIMES Research) Second, the global automotive LED lighting market will reach 7 billion US dollars by 2020. The global automotive LED lighting market will reach 7 billion US dollars by 2020, with a compound annual growth rate of over 18%. Lighting manufacturers are committed to producing efficient, reliable and affordable automotive LED luminaires. There are three major development trends in the global automotive LED lighting market: 1. Innovative technologies are constantly evolving. Technological innovations have led to the development of organic LED lamps, which offer new luminaire designs, and the organic LED lamps are evenly illuminated, do not flash or create shadows, and are suitable for use as signal lights, taillights and interior lighting. 2. The interior lighting of the car is becoming more and more popular. This concept was introduced to high-end cars in 2007 and has now expanded to low-end cars. The interior lighting is mainly based on lamps, LED beam spotlights and diffuser mirrors. These lighting devices are installed in consoles, door panels, instrument panels and seats. More and more people are customizing interior lighting systems. 3, laser and organic LED lights development space. Laser and organic LED lamps are among the most advanced technologies in automotive lighting. However, due to their high cost, only luxury cars are generally used. These technologies are still in the development stage, and as suppliers introduce low-cost organic LED lights and lasers, these technologies are expected to be used in all types of vehicles. Leading suppliers to the automotive LED lighting market include: Hella, KOITO, Magneti Marelli and Valeo. (Technavio) 3. In 2016, the global LED industrial lighting market reached US$2.932 billion. The latest 2016 engineering lighting explosion-proof lamp market research report pointed out that the global LED industrial lighting market reached US$2.932 billion in 2016, with an annual growth rate of over 15%. Growing up, the market size will reach 5.204 billion US dollars in 2020. Thanks to the promotion of petroleum and related industries, explosion-proof lamps have a large market position in the mining, petroleum, military, transportation and other industrial fields. In 2016, due to the replacement demand drive, the LED explosion-proof lamps market prospects are promising.

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