Automotive LED Market Growth in 2017

In 2017, LED industry benefited from the stabilized LED market prices. Coupled with the rapid growth of lighting field, it's estimated that the automotive LED output value reached 2.817 billion US dollars (about 19.87 billion RMB) in 2017, an increase of 14.8%. However from 2015 to 2021, the annual growth rate of the overall LED industry is only 3%.

Several mainstream applications of LED industry, including mobile applications, large-size panel backlight applications such as OLED will decline year by year. As for the LED lighting, although it has been the largest application in LED industry, because of the saturation of the penetration and competitors, making the overall output growth slowdown in the state. But because each LED manufacturers have invested in automotive lighting, and small pitch display area, so the overall market is still showing growth.

In response to the introduction of the light guide plate in the taillight ratio increased, so it improves the use of LED in the taillight assembly number. With the gradual increase in vehicle intelligence and multimedia functions, including the introduction of intelligent rearview mirrors and other functions, can reduce the problem of dead ends and enhance driving safety. In the next two years it will have an opportunity to be included in the vehicle standard equipment and increase the use of car lens and panel. It can be expected in the next five years, the car panel is still the fastest growing application of the car, estimated 2021 annual output value will grow rapidly to 173 million US dollars (2016 - 2021CAGR: 26%).