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Solid-state lighting technology drives the transformation of the automotive lighting industry

Time:2018-12-12 Views:122
     According to relevant survey data, solid-state lighting (SSL) technology accounted for 57% of the automotive lighting market in 2017, and is expected to reach 85% by 2023.Yole Developpement, a market research organization, pointed out that the total value of the automotive lighting market in 2017 was 27.4 billion US dollars, and it is expected to reach 37.3 billion US dollars by 2023, with a compound annual growth rate of 5.3%. Pars Mukish, Yole‘s SSL and Display Manager, said: "The growth of the automotive lighting market is driven by the decline in natural LED costs and the standardization and optimization of LED modules to drive more vehicles with this technology."
    With the integration of LED technology, lighting has evolved from a basic function to an automotive industry with high value potential. With more features from lighting design and LED technology, major manufacturers now have the opportunity to stand out.With the decline in cost, as well as improvements in power efficiency, brightness and package size, the popularity of LEDs is increasing. The first full-LED headlamps commercialized on luxury cars since 2008 have penetrated into the compact or C-class market in 2012 and are currently being commercialized in emerging markets.