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In 2021, the global penetration rate of LED headlights will exceed 60%.
Jun 20 , 2022

According to TrendForce's "2020-2021 Global Automotive LED Product Trend 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 be as high as more than 90%.

With the dual growth momentum of the increase in car market shipments and the increase in the penetration rate of LED lighting, it is estimated that the output value of the global automotive LED market will reach US$3.51 billion 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 semiconductor materials has hindered the production of some automakers, according to TrendForce’s survey, as automakers require LED manufacturers to continue production, the orders of major automotive LED manufacturers will not be affected until the end of 2021. In the 2021 revenue ranking of automotive LED manufacturers, the top three manufacturers are still ams Osram, Nichia and Lumileds, with a combined market share of 71.7%.

 

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In terms of automotive lighting, with its stable product quality, excellent light efficiency and cost-effectiveness, ams and Osram have made it the first choice of suppliers for high-end cars and new energy vehicles around the world, including Tesla, which has seen a significant increase in sales. its customers. This year, ams and Osram's automotive LED revenue has also shown rapid growth, and has the opportunity to reach US$1.304 billion, with an annual growth rate of about 40.9%.

And Samsung LED's PixCell LED has also been successfully introduced into Tesla Model 3 and Model Y, boosting its automotive LED revenue to grow significantly, reaching US$121 million, and its market share is expected to increase to 3.4%.

In terms of automotive display backlight, including instrument panel and central control display, not only more and more models are equipped with automotive display products, but the current size of automotive panel products is 12.3 inches as the mainstream, and it is developing towards larger-sized displays. Dynamic contrast (HDR), local dimming (Local Dimming), wide color gamut and other market demands, automotive display LED market demand will maintain a rapid growth trend in the next five years.

The revenue of Nichia and Stanley will benefit from this, and the market shares of the two companies are expected to reach 23.1% and 6.6% respectively this year.

With the high brightness and compact size of WICOP products, Seoul Semiconductor has achieved a penetration rate of 10% in the field of automotive lights, and has been adopted by China's Changan, SAIC-GM, NIO and other automakers. The estimated revenue in 2021 It can reach US$155 million, with a market share of about 4.4%. It is worth mentioning that, benefiting from orders from European customers, Dominant has the highest annual revenue growth among the top ten companies, with an annual growth rate of 46.3%.

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