Vehicle LED Market Size Analysis and Forecast

According to the statistics of world automobile production previously released by the World Association of Automobile Manufacturers, the total car production in the world in 2009 was 60.99 million. Among them, China rose to the world's largest automotive producer, with its annual output increased by 48.3% year-on-year and 13.79 million ahead. It is estimated that in 2010, China's auto production and sales will exceed 15 million, setting a record high.

According to relevant research agencies' forecasts, the global automotive LED market will expand at a rate of 15% per year in 2010-2012, accompanied by continued growth in Asia, especially in China’s auto market, and the maturing and continuous reduction of LED backlighting and lighting applications. Its market size will increase from $4.18 billion in 2006 to $12 billion in 2012. In the next 10 years, the annual sales of automotive LED will be twice that of today. Previously, LED has been widely used in automotive interior lighting. Now, including the promotion of domestic and foreign manufacturers such as Ruifeng Optoelectronics, LED is gradually transitioning to automotive headlamps, taillights and other products, showing the inside out, from the back The previous development trend. In the next few years, as the level of automotive lighting technology and cost reductions, LED applications will further increase. Domestic Honda Accord, Nissan Teana, Crown, Reiz, Cadillac Series, Buick Glory and other models have adopted LED lighting technology.

Although the growth rate of the automotive LED market was slow in 2009, the current daytime light regulations promoted by the European Union will drive the automotive LED market to take off, making the LED application range from the original automotive brake lights, direction lights, vehicle room lighting and other fields. Continue to expand, the future car dashboard, portable DVD drive and car navigation system used 5 to 10 inch LCD panel backlight, white LED headlights used in automotive light will be the market growth.

Taking the automotive headlamp LED as an example, the "Lexus LS600h", which was released by the Japanese car manufacturer TOYOTA in May 2007, is the world's first vehicle equipped with an LED headlamp. In the fall of the same year, the Audi Audi R8 also had LED lights. The LS600h uses white LEDs only in low-beam headlights, while the low-beam headlights and high-beam headlights of the R8 and Cadillac Escallade Platinum use white LEDs. The LS600h headlights supplier is Nichia, R8 is the United States Philips LumiledsLighting, and the Cadillac EscaladePlatinum headlight supplier is OSRAM Germany.

The global white LED market survey report published by Japan's Fujimera Comprehensive Research Institute shows that the automotive LED market, centered on automotive interior lighting, is expected to achieve significant growth in the future, although it accounts for a small portion of the total white LED market. It is expected that the headlight limit will be relaxed, plus the brightness of white LEDs will increase. By 2012, there will be a significant increase in the number of white LEDs used in automobiles, both in terms of quantity and amount.

The continuous growth of the automotive LED market, coupled with the current average gross margin of more than 20%, has led LED manufacturers to actively invest in this area. However, Taiwan’s Industrial Technology Research Institute pointed out that due to the high threshold requirements for automotive headlamps in terms of heat dissipation, reliability, and brightness, LED manufacturers that have been approved for use by OEMs are still dominated by international companies such as Nichias and Osram, and LED factories in Taiwan. At present, the main attack market is still dominated by car taillights and interior lights such as instrument panel backlights. For example, Everlight is a major supplier of Dayi, Dongbei supplies a small car to Nissan, and Hong Qi also works as an OEM for panel backlight LED manufacturers. In terms of shipment amount and quantity, Yiguang is currently a large-scale manufacturer of LED lights for vehicles in Taiwan, but this part only accounts for a very small share of Yiguang’s total revenue.

In addition, some enterprises in the Pearl River Delta and Yangtze River Delta regions in China have also developed rapidly. In the past two years, the quality of their products has significantly increased and they have won certain markets. Among them, Shenzhen Ruifeng Optoelectronics is a mainstream supplier of optoelectronic devices for domestic brand car manufacturers in automotive instrumentation, car audio, car DVD and other small and medium-sized LCD backlight sources. It also develops high-temperature materials for automotive applications and phosphor color matching technology. , The product has advantages in vibration resistance and other aspects.

In general, with the development of the automotive market and the improvement of LED light-emitting device technology levels, product prices have fallen, LED combination taillights, LED brake lights, LED turn signals, etc. will become the mainstream configuration of China's sedan headlights. Feng LED and other domestic LED manufacturers bring huge market opportunities. It is estimated that in 2010 China's LED pre-installed market (OEM supporting market), LED combination taillights, LED central high brake lights, automotive instrument backlight and other LED lights supporting will reach 5 billion yuan.