Analysis of three major application factors of LED rapid growth

Compared with incandescent lamps, fluorescent lamps and other traditional lighting sources, light-emitting diodes (LEDs) as a new generation of lighting products are widely used in displays and general-purpose applications due to their low power consumption, long life, no pollution, fast response, and high color purity. Lighting, automotive lighting, backlighting of electronic products, signal lighting, and other fields.

With the advancement of urbanization and the promotion of efficient and environmentally friendly lighting, the LED industry has achieved rapid development in recent years. Among the global LED application fields, general lighting and automotive lighting are the fastest growing markets, and have become an important driver for the rapid growth of the future LED market.

In addition, according to the data, the LED display application market still shows great growth potential, which is one of the most stable growth points in the LED application field.

Intelligent lighting

In the field of general lighting, industry agencies predict that the global LED lighting output value in 2014 will reach 17.8 billion U.S. dollars, and the total number of LED lighting product shipments will reach 1.32 billion. Philips' market forecast shows that by 2016, the global market for LED-related lighting products will reach 70 billion-800 billion euros, and the overall market share for lighting will reach 45%-50%.

Domestically, as early as 2010, the number of lighting products in the national market reached 8.6 billion, of which the share of LED lighting products was only about 0.16%. With the continuous decline in the price of LED lighting products, the LED lighting market has grown rapidly. It is understood that the current retail price of the 3.5W bulb lamp of the first-line brand has dropped to around 20 yuan, which is very close to the price of ordinary energy-saving lamps. Gaogong LED predicts that the compound annual growth rate of the output value of LED bulbs and fluorescent tubes in China from 2013 to 2017 will reach 44% and 35%, respectively. In 2017, the market sales will exceed 2.5 billion and 1 billion respectively.

Advances in technology have also led LED lighting technology to develop from simple lighting to smart lighting. Intelligent lighting can not only realize the intelligent control of the lighting system, but also become an entrance to the Internet, thereby deriving more high-value-added services such as health management, map positioning, product shopping guides and advertising.

Automotive lighting

Last year, China’s auto production and sales both exceeded 20 million, and it has ranked first in the world for five consecutive years. The huge automobile market has driven the booming development of the related auto parts industry. The growth of the LED auto lighting market is even faster than that of automobiles. The average growth rate of related industries. Data show that before 2010, the average growth rate of domestic LED auto lighting market was 13%, and in the past two years, the growth rate of LED auto lamp market was as high as 40%.

Since the LED lights are cold light sources, the power consumption is only equivalent to 1/10 of the conventional lamps, which can better save energy. The Ministry of Industry and Information Technology plans that as of the end of 2015, automotive lighting needs to achieve the goal of reducing carbon dioxide emissions. As a typical representative of low-carbon and environmentally friendly lighting, LED is expected to be included in the scope of automotive lighting upgrade, which means that 10 billion, or even 100 billion level of market demand.

It is understood that the current gross profit of automotive LED lighting products is 3-5 times that of ordinary LED products. However, this huge market cake has been divided by foreign-funded enterprises or companies with foreign backgrounds. Due to technical limitations in the LED lighting companies in the Mainland, there are not many companies involved in automotive lighting business. In recent years, with its unique core technology and excellent product quality, Snowlight's HID headlights have firmly occupied the leading position in the automotive lighting industry, which has won the entry ticket for achieving rapid entry into the LED lamp market.

Display market

In addition to general lighting and automotive lighting, display screens are also one of the main application areas for LEDs. The LED display has the advantages of high brightness, large viewing angle, long viewing distance, flexible modeling and rich colors, etc., which can meet the needs of different application scenarios, especially in oversized display applications.

Since the beginning of the 1990s, China's LED display industry has always maintained a high-speed development trend, resulting in the initial prosperity of the LED industry. At present, the global LED display market is still in a rising stage. According to the China Optics and Optoelectronics Industry Association’s earlier forecast, in 2013 China’s LED display market could reach 24.094 billion yuan.

According to the research report of China Gold Securities, the LED display market will maintain rapid growth in the future and it is expected to maintain a growth rate of around 15% in the next 3-5 years. Among them, LED full-color displays will grow at a faster rate and will reach about 30%. The average annual growth rate. It is expected that the display application will become one of the most stable growth points in the LED application field in China.