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Market Trend Analysis of Automotive LED in 2019
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Market Trend Analysis of Automotive LED in 2019

  • Categories:Industry News
  • Author:
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  • Time of issue:2019-07-16 08:49
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(Summary description)MarketTrendAnalysisofAutomotiveLEDin2019

Market Trend Analysis of Automotive LED in 2019

(Summary description)MarketTrendAnalysisofAutomotiveLEDin2019

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2019-07-16 08:49
  • Views:
Information
The automotive lighting market has attracted the attention of LED manufacturers in recent years. Under the background of global economic downturn, what will be the development trend of vehicle lighting market in 2019? What is the design direction of the mainstream products? The following five aspects will be explained in detail: automotive sales trend, automotive LED market output value and penetration, China's new energy automotive subsidies policy, mainstream automotive lighting product design trend, and the development trends of major international and Chinese LED manufacturers in the automotive field.
 
 
 
 
 
Global auto sales slowed in the second half of 2018 due to trade frictions
 
 
 
 
 
In the first half of 2018, according to the trend of global automobile market sales, automobile sales showed a slow growth because of the relatively stable economic situation in various countries. But by the second half of 2018, trade frictions have led to uncertainties or even downturns in the economy of many countries, which directly affects the development of the global car market. Sales in countries such as the United States or Japan may decline.
 
 
 
 
 
Taiming Optoelectronics: The automobile sales data for the whole year of 2018 will show a slight increase or remain stable. Compared with the relatively high growth rates in 2016 and 2017, the automobile market in 2018 is indeed relatively depressed.
 
 
 
 
 
From the perspective of automobile sales in major countries, there is no doubt that China still occupies the first place in the world, and sales growth rate in the first half is about 4% year-on-year, while sales growth rate in the second half is slowing down. However, the growth rate of new energy passenger cars in China is very fast, and the promotion of some second and third-tier cities is relatively strong. In addition, it can be observed that Chinese consumers have a strong willingness to buy luxury car brands and some of their own brands of cars, so we believe that the Chinese market will still be the main driving force for the growth of global car sales.
 
 
 
 
 
In the United States, although sales rose in the first half of the year, the second half of the year is expected to show a downward trend due to the negative impact of bank interest rates, gasoline prices, trade wars and so on. Because of the relatively stable economic situation in the major European countries, the growth of new car registration is relatively stable this year, and automobile sales in the first half of the year reached the highest level in nearly 10 years.
 
 
 
 
 
In addition, emerging markets are growing rapidly, with sales in India ranking fourth over Germany in the first half of the year, and Brazil's market is growing very fast, with growth rates of both countries exceeding 10% year-on-year.
 
 
 
 
 
In 2019, the output value of Chinese automotive LED increased steadily, and the growth rate of medium and high power increased.
 
 
 
 
 
Although the negative economic situation in 2018 has an impact on vehicle market sales, we expect that in 2019, with the continuation of Sino-US trade negotiations and the rising demand for automobiles in China, the output of Chinese automotive LED will grow steadily. The comparative growth rate in 2019 will exceed 20%, which is much higher than the global value. Ming estimates that China's automotive LED output will exceed $1 billion in 2019.
 
 
 
 
 
For further information, please consult 159998297-Taiwan Taiming Photoelectric Chengli (Weixin No.) QQ:3079986507.

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Time of issue:2019-05-17 00:00:00

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Time of issue:2019-05-17 00:00:00

Service hotline

0769-87285383

Welcome your consultation!

Messages

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Copyright © Dongguan Taiming Photoelectric Technology Co., Ltd. All Rights Reserved. 粤ICP备15044056号-2

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