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The LED industry enters a period of rapid growth

With the advancement of urbanization and the promotion of efficient and environmentally friendly lighting, the LED industry has developed rapidly in recent years. Among various LED application fields in the world, general lighting and automotive lighting are the fastest growing markets and have become important driving factors for the rapid growth of the LED market in the future.
Intelligent lighting
In the field of general lighting, Philips' market forecast shows that the global market size of LED-related lighting products will reach between 70 billion and 80 billion euros by 2016, accounting for 45% -50% of the overall lighting market.
From a domestic perspective, the number of lighting products in the national market reached 8.6 billion as early as 2010, of which LED lighting products accounted for only about 0.16%. As the prices of LED lighting products continue to decline, the LED lighting market is growing rapidly. It is understood that the current terminal retail price of first-tier brand 3.5W bulbs has dropped to about 20 yuan, which is very close to the price of ordinary energy-saving lamps.
Technological progress has also enabled LED lighting technology to develop from simple lighting to intelligent lighting. Intelligent lighting can not only realize intelligent control of lighting systems, but also become an entrance to the Internet, thus deriving more high value-added services, such as health management, map positioning, product shopping guides and advertising, etc.
Automotive lighting
Last year, my country's automobile production and sales exceeded 20 million units, ranking first in the world for five consecutive years. The huge automobile market has driven the related auto parts industry to flourish. Among them, the LED automobile lighting market has grown even faster, with a growth rate far exceeding the average growth rate of automobile-related industries. Data show that before 2010, the average growth rate of the domestic LED automotive lighting market was 13%, and in the past two years, the LED car lighting market has grown at a rate of more than 40%. Since LED car lights are cold light sources, their power consumption is only 1/10 of traditional lights, which can better save energy consumption. The Ministry of Industry and Information Technology plans that by the end of 2015, automotive lighting needs to complete carbon dioxide emission reduction targets. As a recognized typical representative of low-carbon and environmentally friendly lighting, LED is expected to be included in the scope of automotive lighting upgrades, which means a market demand of tens of billions or even hundreds of billions.
It is understood that the current gross profit of automotive LED lighting products is 3-5 times that of ordinary LED products. However, this huge market cake has been divided up by foreign-funded companies or companies with foreign-funded backgrounds. Due to technical limitations, there are not many mainland LED lighting companies involved in the automotive lighting business. In recent years, with its unique core technology and excellent product quality, Sherlite HID car lights have firmly occupied a leading position in the automotive lighting industry, which has won it a quick entry into the LED car lighting market.
Display screen market
In addition to general lighting and automotive lighting, display screens are also one of the main application areas of LEDs. LED display screens have the advantages of high brightness, large viewing angles, long viewing distance, flexible shapes, and rich colors. They can meet the needs of different application scenarios, especially in ultra-large-size display applications.
my country's LED display industry has maintained a rapid development trend since its inception in the 1990s, creating the initial prosperity of the LED industry. At present, the global LED display market is still on the rise. According to earlier predictions by the China Optics and Optoelectronics Industry Association, China's LED display market size will reach 24.094 billion yuan in 2013.

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