Three major emerging trends in the global automotive LED lighting market

The research and consulting agency Technavio published the latest report on the global automobile LED lighting market and analyzed the main trends in the global automotive LED lighting market for 2016-2020 years. Technavio has analyzed three emerging trends that could significantly impact the global car LED lighting market and cause market volatility. The global auto LED lighting market is expected to exceed $7 billion in 2020, with a composite annual growth rate of more than 18%. The global car LED lighting market shows an explosive growth that can be attributed to: lighting manufacturers are trying to provide efficient, reliable and affordable LED lights for auto makers. Vinay Hirakki, an automotive component analyst at Technavio, said: "introducing innovative technologies to improve car safety and performance and the decline in auto parts prices will help stimulate the sale of car LED lighting products. At present, manufacturers are also developing high quality LED lamps for auto parts. The three emerging trends in the global automotive LED lighting market summarized by Technavio automotive research analysts are as follows: LED technology innovation providers are using semiconductor technology to develop the next generation LED platform for customers to increase the cost advantage of each dollar. High quality high end LED headlights are helpful to strengthen road safety and provide better visibility when driving. The LED headlights can reduce energy consumption and carbon dioxide emissions by reducing heat, and also improve the beauty of the car. The life span of the LED headlamp is up to 25000 hours. LED technology innovation promotes the development of organic light-emitting two grade tube (OLED). OLED provides new opportunities for the design of lamps and lamps. The OLED lamp can create homogeneous lighting without a glowing and no transmission shadow. It is suitable for signal lights, taillights and indoor lighting. Environmental lighting is becoming more and more popular with environmental lighting, which is mainly used for interior decoration and aesthetics. The concept was introduced into the luxury car in 2007 and has been extended to low cost models. Environmental lighting is realized by installing a light tube and a diaphragm and a LED tube foot light in the car. The diffusion lens is connected to the car's console, the door panel, the dashboard, and the seat rack. As more and more car enthusiasts tend to customize their own, the system's sales sales are increasing. "Environmental lighting can illuminate the necessary functions in the dark and bring convenience to the driver. The end user can control the intensity and color of the car's lighting. Therefore, environmental lighting in the forecast period will promote the development of the market. " Vinay Hirakki added. Laser and OLED lighting for the development of laser lights and OLED lamps are the most advanced lighting technology in automotive applications. However, in view of its high cost, laser lights and OLED lights are mainly limited in luxury cars. Based on the initial stage of the technology, the application will increase in all types of vehicles in the forecast period, as suppliers are offering low price OLED and laser lamps in various cars. Laser lighting is a relatively new trend in the automobile industry. The functions of a laser lamp include transmission of a blue light laser to a diode to scatter white light. The size of the laser lamp is nearly 10 times smaller than the size of the LED lamp. Compared with the current market products, laser lamps have a strong luminance and longer range. This allows the manufacturer to reduce the size of the bulb with this technique without affecting the light intensity. Laser lighting provides improved visibility to improve road traffic safety. For example, BMW used laser headlights in its I8 model. Technavio predicts that the technology will also be used for other cars, and laser lighting will boost the market in the forecast period. The top manufacturers of the global automotive LED lighting market by Technavio analysts include Hella, KOTTO, Ma Ruili (Magneti Marelli) and France.