Jibang Consulting: The output value of automotive LEDs in 2021 is estimated to be as high as 3.51 billion US dollars

Founded in 2000, Jibang Consulting is a professional research institution with in-depth analysis capabilities in the global high-tech industry, with research fields spanning IC design, manufacturing, packaging and testing, DRAM, Flash and other semiconductor industries, and the new energy industry includes LED, lighting city to taste solar energy, electric vehicles, etc. On December 14, Jibang Consulting released the 2020-2021 global automotive LED product trend and regional market analysis, the data shows that in 2021, the global LED headlamp penetration rate will exceed 60%, and the penetration rate of new energy vehicles will exceed 90%.

Jibang Consulting Analysis Report

The analysis report predicts that the global automotive LED market output value will reach 3.51 billion US dollars in 2021, with an annual growth rate of 31.8%. Although automotive semiconductors are affected by the shortage of materials, orders from automotive LED manufacturers remain unaffected by the end of 2021, with the market share of three automotive LED manufacturers such as ams-OSRAM, Nichia and Lumileds totaling 71.7%.

At present, 12.3-inch automotive panel products are the mainstream size, coupled with high dynamic contrast, area dimming and other market demand, automotive display LEDs will maintain a growth trend in five years. Seoul Semiconductor's penetration rate in the lighting field has reached 10%, and it is expected to achieve revenue of 155 million US dollars in 2021, with a market share of about 4.4%.