Global Automotive LED Market Outlook in 2018- LEDinside

According to the latest report from LEDinside, a division of the market research firm TrendForce, 2018 LED market demand and supply analysis, automotive LED market value in 2017 was USD 2817 million, will grow 12.45% in 2018. Amongst those, the growth driver of automotive LED market will be headlamp, fog light, and automotive panel.

LEDinside indicates that the global passenger car market volume totaled about 85.7 million cars in 2017, and will grow to 103.3 million cars in 2025. From 2017 to 2025, CAGR will be 2%. According to the statistics of global automobile marketing region in 2016, China took up 28% of global sales volume, with the highest growth in regional markets.

In the original equipment market, the growth of high/low beam in automotive LED lighting is stunning. The LED penetration rate in the exterior automotive lighting market is growing steadily. Among the various exterior automotive lighting applications, high/low beam headlamps are seeing the strongest growth, because of technological improvements of high-power LEDs and the general price decline in LEDs, making exterior automotive LED lighting expand across market segments from the high-end vehicle models to the mid-range. The global market value of high/low beam LED application is projected to increase at a CAGR of 15.8% from 2016 to 2020, coming to USD 1.462 billion at the end of the forecast period.

Meanwhile, due to the increase of car market scale, after market has experienced a positive growth. The rules of aftermarket focus on reasonable price and simplicity for repairing. Exchangeable LED headlamp will have these advantages. The same product dimension and connector between exchangeable LED headlamp and traditional light source will stimulate the willingness to change into LED headlamp. The market value of exchangeable headlamp LED in 2017 was USD 338 million and in 2020 will become USD 369 million, with the CAGR of 2016-2020 at 10%.

Furthermore, demand on automotive panels such as CID, HUD, navigator, infotainment display and cluster grew rapidly. The automotive panel LED market value is expected to grow from USD 42 million in 2017 to USD 87 million in 2020, with the CAGR of 2016-2020 at 25%. The percentage of standard equipment adopting automotive panels for global new cars in 2017 has reached 13% and is expected to be 18% in 2020.

LEDinside Gold Member Report

LED Supply Chain - Backlight / Lighting / Automotive / Display / UV LED / IR LED / μLED

Major LED Package Ranking in Applications

 

Report Name

Content

Format

Release

LED Industry Demand and Supply Data Base

Demand Market Forecast:
2017-2022 Demand Market Forecast
(Projection and Display / General Lighting / Architectural Lighting / Automotive- Passenger Car / Digital Display / SSL Like / UV LED / IR LED)

Excel

1Q (February) / 3Q (August)

Supply Market Analysis:
1. Chip market revenue (external sales, total sales)
2. WW new MOCVD chamber installation volume / WW accumulated MOCVD chamber installation / WW new and accumulated MOCVD by K465i
3. Epi wafer market demand (total / by size)

LED Chip Market Analysis:
Top 10 Chip vendors' MOCVD installation, wafer capacity, and revenue

LED Package Market Analysis:
LED package vendors' revenue and LED revenue
Top 10 LED package revenues in Backlight, Lighting, COB, Automotive, Display, UV LED and IR LED (TBD)

LED Industry Price Survey

Price Survey - Sapphire / Chip / LED Package / Bulb

Excel

1Q (February) / 2Q (May) / 3Q (August) / 4Q (November)

LED Market Demand and Supply Analysis

Demand Market:
Backlight General Lighting
Automotive- Bus (2Q) / Truck (4Q)
Display
Infrared LED Market (2Q) / UV LED Market (4Q)
μLED (4Q)

PDF

2Q (May) / 4Q (November)

Supply Market:
MOCVD Market
Wafer and Chip Market, URT
Supply and Demand Sufficiency Analysis

 

If you would like to know more details, please contact:

Joanne Wu (Taipei)

joannewu@trendforce.com

+886-2-8978-6488 ext. 912

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