REVIEW: 2017 LED automotive market output value of 2.817 billion US dollars, LEDinside is expected to grow in 2018 12.45%, of which the strongest growth for the headlights, fog lights, car panels.

    LEDinside LED Research Center (LEDinside) latest "2018 LED supply and demand market trend" shows that in 2017 the automotive LED market output value of 2.817 billion US dollars, LEDinside is expected in 2018 will grow 12.45%, of which the strongest growth strength for the first Lights, fog lights, car panel.

LEDinside said that in 2017, the global production of passenger cars will be 85.7 million, rising to 103.3 million by 2025 at a compound annual growth rate of 2%. According to the statistics of the 2016 global automobile sales regions, the sales volume in China is 28 %, China will show substantial growth.

    In the original market, the near and far lights have witnessed astonishing growth in automotive LED lighting. The LED shows steady development in the car exterior lighting market. Among them, the growth of the near and far lights is the best, mainly due to the high-power LED technology upgrade, The drop in prices led to the gradual shift of exterior LED lighting from high-end models to mid-range models. The market output of LED lamps for far and near lights will reach US $ 1.462 billion in 2020 and a CAGR of 15.8% in 2016-2020.

At the same time, with the increase of car ownership, headlight parts are also related to growth. Headlight repair market at reasonable prices and easy replacement of the principle of replacement LED headlamps will have the advantages of this product appearance and size and connector made of traditional light, will stimulate both parties to replace the LED headlamps The intention is that the output value in 2017 will be 338 million U.S. dollars and will reach 369 million U.S. dollars by 2020 with a CAGR of 10% in 2016-2020.

    In addition, the demand for automotive panels such as central control panels, head-up displays, satellite navigation, entertainment panels and dashboards is rapidly increasing. The output value of automotive panel LED is also expected to grow from 42 million USD in 2017 to 0.87 With a compound annual growth rate of 25% in 2016-2020, the global new car in 2017 will have a 13% share of car panels as standard and an estimated 18% growth in 2020.