According to the classification of light sources, the types of automotive headlights on the market today can be roughly divided into four types: halogen lamps, xenon lamps, LED lamps, and laser lamps. The kerosene lamp, acetylene lamp, and incandescent lamp were originally used. Since the development of LED car headlamps from the late 1990s to the present, due to their more energy-saving and environmental protection, the brightness is even higher. Although there are more applications in high-end brand models, the low-end and mid-end models have less market application and have broad market prospects.
According to OFweek Industrial Research Institute's "2018 LED Automotive Lighting Industry Market Research Report," data show that at present the overall penetration of China's LED car lighting is still low, but the LED penetration rate is increasing year by year, different parts of the automotive lamps, LED permeability is very different Big.
China's traditional passenger car main lights LED penetration (%)
[Forecast] LED car headlights have a bright future
Source: OFweek Industrial Research Institute
It can be seen from the above figure that the high-level brake light and the rear combination rear light LED have the highest penetration rate; at the same time, since the far and near headlights, fog lights and other lamps have functional requirements, heat dissipation and optical difficulties, the penetration rate is the lowest, LED car lighting is far/near. The light market still has a huge LED penetration space.
At the same time, from the perspective of output value, the LED output value outside the car market is much larger than the LED market output value in the car, and the market share outside the car will be higher and higher in the future. The main reason is that the current market penetration of LED interior lighting has been higher, the price The speed of decline is greater than the growth rate, while LED exterior lighting such as fog lights, far and near lights maintain a faster growth rate.
2017 China Automotive LED Market Distribution
[Forecast] LED car headlamps have a bright future
Source: OFweek Industrial Research Institute
Being attracted by the huge automotive lighting market, many domestic LED companies have also launched LED auto lighting market. However, in China's automotive lighting supply chain, from the device, to the module, to the lights, joint ventures and foreign companies have occupied most of the market share, local manufacturers can really enter the market only a handful. The following are some of the layouts of LED headlights for companies this year:
OSRAM has three main business sections: optoelectronics, special lighting, and lighting system solutions. Automotive lighting (a special lighting business) is a core business of OSRAM.
In April 2018, OSRAM and Continental successfully completed the agreement and the two parties will officially start the joint venture company Osram Continental GmbH in the second half of 2018. The joint venture’s products include LED modules for headlights and taillights. This is another big move for OSRAM to integrate resources in the automotive lighting industry.
Prior to this, OSRAM bought some of LeddarTech’s shares in 2017 to increase its position in the field of automated driving.
In April 2018, LG Electronics acquired ZKW, an Austrian automotive lighting company, for 1.44 trillion won (approximately 8.548 billion yuan). The acquisition will enable LG Automotive's lighting business to expand from providing automotive taillights to all areas of auto parts, including headlamps. At the same time, with the completion of the acquisition, BMW, Audi, Porsche and Volkswagen will list LG's customers. .
Development Crystal successfully entered the LED automotive lighting supply chain this year, and it invested into the LED lamp module end by investing in Odie Electric to achieve vertical integration from the extension to the module. Currently, it has cooperated with two domestic first-line depots. About three car headlights are developed using Jingjing's products and are expected to be available in the first half of this year.
Crystal development means that this year will focus on the layout of the LED automotive lighting field, the product is mainly located in two areas, one is the headlight part, through the use of inverted CSP in the car headlights on the application; Second, the successful modification of the COB The application of OLED+ is aimed at the automotive rear light market.
Development Crystal is mainly engaged in the research and development, manufacture and sales of LED epitaxial wafers, package modules and other LED light source products. Its business scope covers all industrial chain links such as epitaxial chips, packaging modules, and lighting applications in the LED industry chain.
In February 2018, Hongli Zhihui signed a "strategic cooperation agreement" with Harmony Hao Investment Management (Beijing) Co., Ltd., Zhangjiagang Economic and Technological Development Zone Management Committee and Zhangjiagang Yuefeng Jinchuang Investment Co., Ltd., and the Quartet established a comprehensive strategy. The cooperation relationship is centered on the project of the LED lamp industry and the full cooperation on the capital level, integrating and utilizing the advantages of their respective resources to promote the upgrade of products in the field of LED lights. This will speed up the development of automotive lighting business such as automotive-level LED packaging, LED lamp modules, and LED auto-integration lamps.
The main business of Hongli Zhihui is the LED packaging business. In 2017, the LED packaging business revenue was 3,113,693,500 yuan, accounting for 84.17% of the total operating revenue. As a pioneer in the LED automotive lighting industry, Hongli Zhihui is one of the few manufacturers involved in the automotive LED lighting pre-installation market in China. In 2017, its LED automotive lighting business achieved an operating revenue of 2.6296.87 million yuan, accounting for the total operating revenue. 7.11%.
In 2007, Hongli Zhihui entered the LED commercial vehicle lighting business through its subsidiary Foda Signals. Its products are mainly exported to overseas markets. The main customers are Hella, Bosch, Magna and other products. The products have been applied to famous car companies such as Volvo and Mercedes-Benz. Commercial vehicle. In September 2017, the company acquired a 56% stake in YiShan's headlights for automotive headlamps, and realized the full industrialization of LED automotive lighting from LED packaging to automotive lighting. In the light market, major customers include Geely Group, Great Wall Group, Beijing Automotive Group, Dongfeng Group and Changfeng Group.
Hongli Zhihui will continue to increase the development and storage of LED lights, automotive electronics and other areas of smart driving, such as: ADB LED headlamps, laser headlights and other projects.
For more detailed and in-depth data and analysis, please refer to OFweek Industry Research Institute "2018 LED Automotive Lighting Industry Market Research Report."