Automotive LED market is currently the average gross margin of more than 20%, it is predicted that the global automotive LED lighting market by 2020 will reach 7 billion US dollars, the compound annual growth rate of more than 18%. While the Chinese car lights supporting market from 17.8 billion yuan in 2010 all the way to the 2013 growth of 25.5 billion yuan. In 2015, China’s auto sales reached more than 31 million, according to projections, corresponding to the lamp matching market will be more than 35 billion yuan, which can be expected to grow huge car lighting market space.
Global LED application plant lighting output value from 2013 onwards, began to show high-speed growth, the initial statistics in 2014 reached 100 million US dollars, 2017 is expected to reach 500 million US dollars. With the global LED application of agricultural lighting penetration, the Chinese market is also slowly rising, the future market prospects.
2013 – Smart lighting market in 2013 each year to 17% compound annual growth rate in the accelerated expansion. According to the survey, by 2020, the smart lighting market is expected to be more than 8 billion US dollars, the market development space is huge. According to CMSChina statistics show that, without regard to high value-added products on the basis of only 2014-2015 two years of intelligent lighting industry will provide at least more than 60 billion yuan of market space.
Automotive lighting, plant lighting, intelligent lighting and other high-end intelligent lighting market, and the annual growth rate in the continuous expansion of the expansion. The current demand or low-end general lighting is relatively large, this is due to high-end lighting at this stage of the technology is not perfect, the impact of high prices, but the future with high-end lighting technology, cost reduction, high-end lighting is certainly the trend.