The output value of automotive LEDs in 2021 is estimated to reach 3.51 billion U.S. dollars

According to TrendForce's "2020-2021 Global Automotive LED Product Trends and Regional Market Analysis" research, the global penetration rate of LED headlights will exceed 60% in 2021, and the penetration rate of new energy vehicles will reach more than 90%. With the dual growth momentum of increased shipments in the auto market and the penetration rate of LED lighting, it is estimated that the global automotive LED market output value will reach 3.51 billion US dollars in 2021, with an annual growth rate of 31.8%, showing that LED headlights and automotive displays LED products are still the main driving force for the growth of the automotive LED market.

In addition, although the shortage of automotive semiconductors has caused some car manufacturers to block their production, according to TrendForce's survey, because car manufacturers require LED manufacturers to continue production, the orders of major automotive LED manufacturers have not been affected by the end of 2021. In the 2021 revenue ranking of automotive LED manufacturers, the top three manufacturers are still Ams-OSRAM (Ams-OSRAM), Nichia (Nichia), and Lumileds, with a combined market share of 71.7%.

In terms of automotive lighting, Ams Osram, with its stable product quality, excellent light efficiency, and cost-effectiveness, has made global high-end cars and new energy vehicles the first choice for suppliers, including Tesla, which has increased its sales volume, as its customer. This year, Ams Osram's automotive LED revenue has also shown rapid growth, with a chance to reach 1.304 billion US dollars, with an annual growth rate of about 40.9%. Samsung LED's PixCell LED has also successfully imported Tesla Model 3 and Model Y, pushing its automotive LED revenue to a substantial growth, reaching US$121 million, and its market share is expected to increase to 3.4%.

In terms of automotive display backlighting, including instrument panels and central control displays, not only are more and more models equipped with automotive display products, the current automotive panel product size is 12.3 inches as the mainstream, and it is developing towards larger display sizes. With market demand such as high dynamic contrast (HDR), local dimming (Local Dimming), and a wide color gamut, the market demand for automotive display LEDs will maintain a rapid growth trend in the next 5 years. Nichia Chemical and Stanley's revenue will benefit from this, and the market share of the two companies is expected to reach 23.1% and 6.6% respectively this year.

With the high brightness and compact size of WICOP products, Seoul Semiconductor’s penetration rate in the field of automotive lighting has reached 10%, and it has been adopted by China's Changan, SAIC GM, Weilai and other automakers.And its revenue is estimated in 2021 can reach 155 million US dollars, with a market share of about 4.4%. It is worth mentioning that Dominant is the industry with the highest annual revenue growth among the top ten companies, with an annual growth rate of 46.3%, thanks to orders from European customers.