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Interpretation of LED industry's rapid growth from three major application factors
Compared with traditional illumination sources such as incandescent lamps and fluorescent lamps, light-emitting diodes (LEDs) are widely used in display panels and general-purpose lighting products because of their low power consumption, long life, no pollution, fast response, and high color purity. Lighting, automotive lighting, electronic backlighting, signal lighting and many other fields. With the advancement of urbanization and the promotion of efficient and environmentally friendly lighting, the LED industry has developed rapidly in recent years. Among the global LED application fields, the general-purpose lighting and automotive lighting fields are the fastest-growing markets, and have become an important driving factor for the rapid growth of the LED market in the future. In addition, according to the data, the LED display application market still shows a large 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 organizations predict that global LED lighting production value will reach 17.8 billion US dollars in 2014, and the total number of LED lighting products shipped will reach 1.32 billion. Philips' market forecast shows that the market size of global LED-related lighting products will reach 70 billion to 80 billion euros by 2016, and the proportion in the overall lighting market can reach 45-50. Domestically, as early as 2010 The number of lighting products in the national market reached 8.6 billion, of which the LED lighting products accounted for only 0.16. As the price of LED lighting products continues to decline, the LED lighting market is growing rapidly. It is understood that the retail price of the first-line brand 3.5W bulb has dropped to about 20 yuan, which is very close to the price of ordinary energy-saving lamps. Gaogong LED predicts that the compound growth rate of China's LED bulb and fluorescent tube market will reach 44 and 35 respectively in 2013-2017. In 2017, the market sales will exceed 2.5 billion and 1 billion respectively. Advances in technology have also led to the development of LED lighting technology from the initial simple lighting to intelligent lighting. Intelligent lighting not only enables intelligent control of lighting systems, but also becomes an entry point for the Internet, resulting in more value-added services such as health management, map positioning, merchandising and advertising. Automotive lighting Last year, China's automobile production and sales both exceeded 20 million, which has been the world's number one for five consecutive years. The huge automobile market has driven the development of related auto parts industry. The LED auto lighting market is growing faster and growing far. The average growth rate of the automobile-related industries. The data shows that before 2010, the average growth rate of the domestic LED automotive lighting market was 13, and in the past two years, the LED lamp market has grown at a rate of more than 40. Since the LED lamp is a cold light source, the power consumption is only 1/10 of that of the conventional lamp, which can save energy. The Ministry of Industry and Information Technology plans to complete the carbon dioxide emission reduction target by the end of 2015. As a representative representative of low-carbon environmentally friendly lighting, LED is expected to be included in the scope of automotive lighting upgrades, which means that the market demand of 10 billion or even hundreds of billions. 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 enterprises with foreign-funded backgrounds. Due to technical limitations, there are not many enterprises involved in the automotive lighting business. In recent years, with its unique core technology and excellent product quality, Shelley HID headlights have firmly occupied the leading position in the automotive lighting industry, which has won the ticket for its rapid penetration and entering the LED lamp market. In addition to general lighting and automotive lighting, the display market is also one of the main application areas of LED. The LED display has the advantages of high brightness, large viewing angle, long viewing distance, flexible shape and rich color, which can meet the needs of different application scenarios, especially in the large size display application. Since the beginning of the 1990s, China's LED display industry has maintained a high-speed development trend, which has created the initial prosperity of the LED industry. At present, the global LED display market is still in the ascendant stage. According to the China Optical Optoelectronics Industry Association's earlier forecast, the size of China's LED display market in 2013 will reach 24.094 billion yuan. The research report believes that the LED display market will maintain rapid growth in the future. It is expected to maintain a growth rate of around 15 in the next 3-5 years. Among them, the LED full-color display will grow faster and will achieve an average annual growth rate of 30 or so. . Screen application is expected to become one of the most stable growth points in the domestic LED application field.