In 2016 the global LED lighting industry has diversified trend. High electricity prices in Europe, its own production and assembly of products and intelligent drive LED lighting market development; local assembly in North America rise, a strong dollar, subsidy policy to promote strong growth in demand, and the case led to the rapid development of new commercial and LED lighting project; Japan is the leading promotion LED lighting applications, the penetration rate increased year by year, so the market is limited room for expansion, industrial and commercial lighting and then the more potential; Chinese architecture, industrial lighting market demand remains positive, but many suppliers intensified price competition. In addition, Southeast Asia and other emerging markets, rising demand for lighting every year, considerable potential. Estimated 2016 global LED lighting market reached $ 28.6 billion, LED lighting penetration rate of 34%; in 2018 it reached $ 31.9 billion, 47 per cent penetration rate.
Tier vendors fought in niche applications, the 2020 LED interior lighting market value of $ 611 million
2015 LED interior lighting market value of $ 605 million, estimated in 2020 will rise to $ 611 million over the next five years in a slight overall output growth. Wherein the highest growth for the interior panel, estimated value of compound annual growth rate of 3%. In addition, the 2015 to 2020 exterior LED lighting market value compound annual growth rate of 8%, including turn signals, fog lights and others have more than 8% growth, headlight module (the distance light) LED packaging production value compound annual growth rate as much as 11%.
2016 UV LED, infrared LED application market prospects good, manufacturers continued to get into
Benefit from UV-A LED curing market demand and UV-C LED technology upgrade, estimated 2016 UV LED (UV LED) market value of $ 140 million in 2020 to reach $ 356 million.
High-priced high-margin advantage of the ultraviolet LED market has become the new blue ocean manufacturers, 2016 and 2018 emerging companies will continue to join, but only by chip and package management will continue to face price pressure of competition.
In addition, security monitoring, the rise of the iris / face recognition market demand, the infrared LED market is also a bright future. LEDinside estimates 2016 infrared LED (excluding optical sensing element market) market value of $ 278 million in 2020 amounted to $ 525 million, which in security surveillance applications about $ 174 million.
2016 global LED demand continues to grow, decline in value of the compression space
2015 the global LED output value (including visible light and invisible light LED) came to $ 14.325 billion, the annual decline of 3%. Nichia is still ranked among the world’s leading LED element revenue, OSRAM Opto Semiconductors and LumiLEDs is close behind. Since the bargain between LED manufacturers led some mainstream specifications LED average price drop of up to 40% or more, plus the strong appreciation of the dollar, many manufacturers are showing signs of deterioration in revenue.
2016 LED overall demand will continue to grow. In addition to OLED panel backlighting applications due to the rise, the number of declining use, the general lighting, automotive lighting and display applications are growing. In addition, this year, LED prices are still competitive pressures. However, many products because of excessive price competition has been sold at a loss, or even close to cash costs, depreciation relatively limited space.