Global LED market trend analysis

LED in the nineties of the last century can only be used as a pilot light, after the nineties, highlighted InGaAlP quaternary red, yellow and GaN blue and white devices developed, LED applications began to change from the instructions into lighting. The main application areas include LED display, traffic lights, landscape lighting, mobile applications, automotive lights, LCD display backlight, general lighting and so on.

At present, LED products are widely used in mobile phones and are the most important application areas of LED products, accounting for about 31% of the total market demand. Generally, each mobile phone needs 10-20 LED products, which are respectively used on the mobile phone keyboard, the display backlight and the camera phone flash. LED products in the mobile phone market penetration has stabilized, the future of mobile phone LED products with room for growth will be directly affected by mobile phone sales.

Since 2014, the major growth driver of the global LED industry has come from lighting applications, accounting for 50% of the total. LED lighting technology advances and the decline in prices, so that LED into the field of lighting a reality. In 2017, the international lighting maker Philips LED bulbs prices dropped further to 5-7 US dollars, Osram has also used less than 7 US dollars to seize the market. As the luminous efficiency of high energy-saving lamps, the price is lower than the energy-saving lamps, long life than energy-saving lamps, LED lighting products have become a powerful alternative energy-saving lamps. Faced with the trend of price declines, the global LED companies are looking for sub-areas of force. Key enterprises to the high end of the value chain, to strengthen the automotive lighting, plant lighting, intelligent lighting and other segments of the innovative research and development, for different applications provide alternative lighting solutions.

Moreover, the global phase-out ban incandescent project has entered a crucial period. From the time point of view, the major countries and regions that have eliminated incandescent lamps in 2013 will enter the window period of 75W, 60W and 40W phasing out. In terms of coverage, the United States, Canada, Mexico, Brazil, Argentina, the United Kingdom, Australia, the European Union, Japan , South Korea, China and other countries and regions have entered the prohibition and elimination phase of incandescent lamps, which greatly stimulated the replacement of new light sources in 2014 and use of accelerated LED lighting promotion. The United States, the European Union, South Korea, Japan, China and so put forward the LED lighting product substitution process table. South Korea proposes 2015 to ensure that LED lighting products to 30% of the general lighting market; Japan proposed 2015 LED lighting replacement rate of 50%, LED lighting products in 100% replacement rate. LED certification, the gradual amendment and improvement of standards so that in 2014 LED lighting into a critical period of development, policy promotion has become a favorable guarantee for the development of LED industry.

Overall, to replace the traditional light bulb, LED lighting will be the next few years the largest application market. In 2017, the penetration rate of LED lighting in the world reached 36.7%. Looking forward, the penetration rate of LED lighting in China will reach 60% -70% by 2020. Product structure From outdoor lighting, commercial lighting gradually into the universal home lighting, LED industry has become the main driving force for rapid growth. From the individual applications, including display lighting, commercial industrial lighting, outdoor lighting, interior lighting, lamp replacement, it will be LED lighting the next few years the most important application market.