Analysis of the three emerging trends in the global automotive LED lighting market

The research advisory body Technavio released the latest report on the global automotive LED lighting market and analyzed the main trends of the global automotive LED lighting market in the past 2016-2020 years. Technavio analyzed the three emerging trends that could significantly impact the global automotive LED lighting market and cause market volatility. In 2020, the global automotive LED lighting market is expected to exceed US $7 billion, with a compound annual growth rate of over 18%. The explosive growth of the global automotive LED lighting market can be attributed to: lighting manufacturers strive to provide efficient, reliable and affordable LED lamps for automobile manufacturers. Technavio automotive parts analyst Vinay Hirakki said: "the introduction of innovative technology to improve vehicle safety and performance and the decline in the price of auto parts will help stimulate the sale of automotive LED lighting products. Manufacturers are also developing high-quality LED lamps for accessories vehicles. " The three emerging trends of the Technavio automotive research analyst's impact on the global automotive LED lighting market are as follows: LED technology innovation providers are developing semiconductor technology to enhance the cost advantage for customers to develop the next generation LED platform with higher dollar per lumen. High quality high-end LED headlights help to enhance road safety and provide better visibility when driving. LED headlights can reduce energy consumption and carbon dioxide emissions by reducing heat, and can also enhance the aesthetic feeling of cars. The life of the LED headlamp is as high as 25000 hours. LED technological innovation promotes the development of organic light-emitting diode two level (OLED). OLED provides new opportunities for lamp and lamp design. OLED lamps can create homogeneous lighting without dazzling and non transmission shadows, suitable for signal lamps, taillights and indoor lighting. Environmental lighting is becoming more and more popular. Environmental lighting is mainly used for interior decoration and aesthetics. The concept was introduced into luxury cars in 2007 and has been extended to low cost vehicles. Environmental lighting is realized by installing light guide tube and aperture and LED pin lamp in the car. The diffusion lens is connected to the control panel, door panel, instrument panel and seat rack of the automobile. As more and more car enthusiasts tend to customize, sales of the system are increasing. "Environmental lighting can illuminate the necessary functions in the dark, thus providing convenience for drivers. End users can control the intensity and color of vehicle lighting. Therefore, environmental lighting will promote the development of the market during the forecast period. Vinay Hirakki added. Laser and OLED lighting development of laser lights and OLED lights are the most advanced lighting technology in automotive applications. However, in view of its high cost, laser lamps and OLED lamps are mainly limited to luxury cars. Based on the initial stage of the technology, the application will increase in various types of vehicles during the forecast period, because the supplier will launch low price OLED lamps and laser lamps in various vehicles. Laser lighting is a relatively new trend in the automotive industry. The function of the laser lamp includes transmitting the blue laser to a diode to scatter the white light. The size of the laser lamp is nearly 10 times smaller than that of the LED lamp. Compared with the products in the market, laser lamps have a strong brightness and a longer range. This allows manufacturers to reduce the size of the bulb without affecting the light intensity. Laser illumination provides improved visibility, thereby improving road traffic safety. For example, BMW used laser headlamp technology in its I8 models. Technavio predicts that this technology will also be applied to other vehicles, and laser lighting will drive market growth in the forecast period. The top companies in the global automotive LED lighting market surveyed by Technavio analysts include: Hella, KOTTO, Ma Ruili (Magneti Marelli) and Valeo.