Despite that global automotive sales have slowed down in the past year due to the trade dispute and overall market decline, the demands for luxury automobiles in China and the increasing new energy (NEV) car market still bring up the penetration rate of LED in the automotive market.
LEDinside sees that the market share of LED headlight and its market value will expand gradually as the price of high-power LED falls. LEDs are also adopted by other exterior lights including direction indicators and tail lights for delivering smart functions such signal projection and matrix lighting for information delivering. As for interior lighting, LED products based on the concept of Human Centric Lighting are also utilized for vehicles.
LED companies like Osram, Nichia, Lumileds, Seoul Semiconductors, Everlight and other companies have showcased various LED lighting products in different trade shows in 2019. Nichia and Osram developed LED headlights with projection functions. Meanwhile, Everlight’s Mini LED tail light that delivers information might enter the market by 2020.
The biggest supplier of LED automotive lighting module for Chinese automobile manufacturers, Laster Tech, reported that more orders have been placed for 2019. The company also registered an on-year revenue increase by 7.75% in 2018 even though the China market shrank last year. Laster Tech expects that the trends of new lighting applications will add value to LED automotive lighting and thus boost the margin of related products.