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Data interpretation of the current global LED lighting development
Mar 17, 2017

Global lighting market can be divided into three categories: general lighting, automotive lighting and display, general lighting, including office lighting, home lighting, rail traffic lighting, the market share of up to 80%.

Last year, the global LED lighting market reached $29 billion 900 million, the market penetration of 27%. International research firm Technavio data show that LED lighting technology to replace the traditional lighting technology is increasing year by year, is expected in 2019, the global LED lighting market is expected to reach about $64 billion 900 million.

In addition, the report pointed out that in June of this year, the world's replacement of 40W incandescent LED bulb retail price of $9.5, down by 0.2%; replace the 60W incandescent bulb LED retail price of $12.9, down by 0.1%. With the decline in the price of LED bulbs and the market demand to pick up, LED lighting replacement rate will further enhance.

According to the national development and Reform Commission announced in 2011, China's elimination of incandescent road map, from October 1, 2016 onwards, prohibit the sale and import of 15 watts and more general lighting incandescent lamp. With the traditional incandescent lamp will gradually withdraw from the stage of history, known as the "twenty-first Century light" LED lighting will also enter the industrial maturity.

LED midstream packaging field prospects

From the perspective of LED industry chain, it can be divided into upstream raw materials, chips, midstream LED packaging, downstream LED applications. Among them, LED upstream chip and epitaxial wafer Market core technology is monopolized by foreign giants.

Relative to the chip industry, the middle reaches of China's LED packaging industry is the most competitive, packaging varieties than the whole. At present, China's LED packaging has formed a certain scale of the industry, becoming the world's important low-end LED packaging production base. At the same time, with the continuous improvement of technology and the rapid upgrading of high-end packaging market share, the future of LED packaging companies will continue to enhance competitiveness.

Last year, China's LED lighting penetration reached about 30%, slightly higher than the global level, there is still some room for development in the future. LEDinside report shows that last year, China's LED packaging market size of $8 billion 800 million, an increase of 2%. And this year, the demand for lighting manufacturers to restore inventory increased, is expected in 2016 China's LED packaging market size will reach $9 billion 300 million, an increase of over 5%. With the upgrading of LED technology and market demand continues to expand, LED industry will usher in a rapid development period.

Automotive LED market outlook OLED/ laser poised

The estimated Yole Developpement's latest report, from 2015 to 2018 years, with LED prices fell significantly, automotive LED market value growth is relatively slow; but after 2018, due to the introduction of advanced lighting systems, plus the new light source such as OLED, a small amount of laser. The size of the market will enter accelerated take-off stage. Overall, the car LED market in 2015 to 2021 years, the compound annual growth rate (CAGR) will be as high as 23.7%.

In light of the new light source, Yole believes that the popularity of laser lights is still a long way to go, because the added value of laser technology can be created to be verified, and will bring some potential risks. As for OLED lights, although has been able to bring a clear added value, but the high cost is still the biggest obstacle to the popularity of OLED lights.

In the first half of 2016 the national LED industry cumulative production increased by 19.21%

January 2016 to June, the national light-emitting diode (LED) industry has completed a total production of 296 billion 292 million, an increase of 19.21%. Among them: in June to complete the production of 60 billion 197 million, an increase of 26.12%.

2016 national light-emitting diode (LED) industry, the monthly output and year-on-year

Data source: National Bureau of statistics monthly scale above enterprise statistics and national customs general data, the same below)

2016 national light-emitting diode (LED) industry for three consecutive years, the monthly yield comparison