Three rapid growth of LED industry application factors analysis

Introduction: compared with incandescent lamp, fluorescent lamp and other traditional lighting sources, light emitting diode (LED) as a new generation of lighting products because of low power consumption, long service life, no pollution, fast reaction speed, high color purity, widely used in the fields of display, general lighting, automotive lighting, backlighting, electronic products signal lighting.

With the advancement of urbanization and the promotion of efficient environmental lighting, LED industry has been developed rapidly in recent years. Global LED applications in the field of general lighting and automotive lighting market is the fastest growing market, to promote the rapid growth of the LED market in the future an important driving factor. In addition, according to the data show that LED display application market is still showing a greater growth potential, one of the most stable growth point for LED applications.

Intelligent lighting

In the field of general lighting, industry institutions predict 2014 global LED lighting output value will reach $17 billion 800 million, the overall number of shipments of LED lighting products reached 1 billion 320 million. The market forecast to 2016 the global LED lighting products market size will reach 70 billion -800 billion euros, in the overall lighting market accounted for ratio reached 45%-50%. Domestic point of view, as early as in 2010 the national market lighting products to reach 8 billion 600 million, of which LED lighting product share is only about 0.16%. With the continued decline in the price of LED lighting products, LED lighting market is growing rapidly. It is understood that the current line of brand 3.5W bulb terminal retail price has dropped to about 20 yuan, very close to the price of ordinary energy-saving lamps. High tech LED forecast, 2013-2017 China LED bulb lamp and fluorescent lamp market output value compound growth rate can reach 44% and about 35%, in 2017 the market sales will be more than 2 billion 500 million and only 1 billion.

Technological progress, but also makes the LED lighting technology from the initial simple lighting to the development of intelligent lighting. Intelligent lighting can not only realize the intelligent lighting control system, but also become an entrance of the Internet, which led to more high value-added services, such as health management, location maps, shopping guide and advertising etc..

Automotive lighting

Last year, China's automobile production and sales both more than 20 million, has five consecutive years ranked first in the world, the huge market of automobile related auto parts industry is booming, the market growth of LED automotive lighting is more rapid growth far exceeded the average growth rate of automobile industry. Data show that in 2010 before the domestic LED automotive lighting market average growth rate of 13%, while the last two years, LED car market growth of up to more than 40%. Because the LED lamp is a cold light source, the power consumption is only equivalent to the 1/10 of the traditional lamp, which can save energy consumption better. Ministry of planning, as of the end of 2015, automotive lighting needs to achieve carbon dioxide emission reduction targets. Recognized as a typical representative of low-carbon environmental lighting, LED is expected to be included in the scope of automotive lighting upgrade, which means ten billion, or even hundreds of billions of market demand.

It is understood that the use of LED lighting products for the current gross profit of 3-5 times the ordinary LED products. However, this huge market cake, but by foreign companies or foreign companies with a background to carve up, the mainland's LED lighting companies due to technical limitations, involving the automotive lighting business is not much. In recent years, with the core technology of the unique and excellent product quality, Wright HID lights firmly occupy the leading position in the automotive lighting industry, this is the realization of the fast entry, enter the LED lamp market to win tickets.

Display market

In addition to general lighting and automotive lighting, the display is one of the main applications of LED. LED display with high brightness, wide angle, visual distance, flexible and other advantages of rich color, can meet the needs of different application scenarios, especially in large size display has obvious advantages in application.

Since 1990s, China's LED display industry has maintained a rapid development trend since the beginning of the year, creating the initial prosperity of the LED industry. Currently, the global LED display market is still in the rising stage. According to China optical photonics industry association earlier forecast, in 2013 China's LED display market size of up to 24 billion 94 million yuan. Securities Research Report believes that the future of the LED display market will continue to maintain rapid growth, the next 3-5 years is expected to maintain growth of around 15%, of which, LED full-color display faster growth, will reach an average annual growth rate of around 30%. Is expected to display applications will become one of the most stable growth in the field of LED applications.