2016- 2022 Automotive lamp market analysis LED drives market value growth

According to foreign media reports, according to market research company Yole Dveloppement, the total market value of the lamp market in 2016 was 25. 7 billion US dollars, which is expected to increase to 35. 9 billion US dollars by 2022, 2016-Compound annual growth rate of 2022 (CAGR)5. 7. According to foreign media reports, according to market research company Yole Dveloppement, the total market value of the lamp market in 2016 was 25. 7 billion US dollars, which is expected to increase to 35. 9 billion US dollars by 2022, 2016-Compound annual growth rate of 2022 (CAGR)5. 7. 2016- 2022 Automotive lamp market analysis LED-driven market value growth Yole analysts expect the growth to be driven by the following factors: LED cost erosion, LED module standardization, performance optimization drive cost reduction, vehicle LED application acceleration. Since the introduction of the first all-LED headlights in 2007, LED technology has gradually been integrated into the design of headlights. LED technology make vehicle lighting equipment become a characteristics product implementation. A number of innovation function such as: 2013 introduced of no glare adaptive high beam ( Glare free adaptive high beam). The use of LED technology is limited to vehicles. The product is working with halogen lamps and high-strength discharge lamps (HID/Xenon) These two types of traditional light source equipment compete. LED has improved performance, low energy consumption and flexible design, which has become its competitiveness. The decrease in cost helps LED technology to expand its application to various types of automobiles. Vehicle Lighting is driven by external vehicle lighting equipment, especially headlights, and its revenue accounts for 17% of the total market revenue. Interior lighting accounted for nearly 10% of total revenue, but its growth is expected to be closely linked to the research and development of self-driving vehicles. Fog lamp, Central High brake lamp (CHMSL) Or small car lights and other equipment accounted for 7 of the revenue in 2016.