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LED now dominant light source in automotive lighting, says Strategy Analytics 12 Jul 2021 Value demand for LEDs in sector will almost triple from 2020 to $3.9 billion by 2024. Carmakers are increasingly looking at styling with LED-based systems.Value demand for Light Emitting Diodes (LEDs) alone in automotive lighting will nearly triple from $1.4 billion in 2020 to $3.9 billion by 2024. The latest report Automotive Lighting: Who Can Challenge LED s Dominance? from the Strategy Analytics Powertrain, Body, Safety & Chassis Service, predicts that OEM requirements for styling and functionality will further increase demand for LED-based automotive lighting systems. The analyst notes that LED has seen further developments in efficiency and Tier 1 vendors have developed cost effective solutions for LED headlight modules. ....
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LED Now Dominant Light Source in Automotive Lighting, says Strategy Analytics – Consumer Electronics Net consumerelectronicsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from consumerelectronicsnet.com Daily Mail and Mail on Sunday newspapers.