The cost of LEDs alone in automotive lighting will nearly triple from $ 1.4 billion in 2020 to $ 3.9 billion by 2024. This is the prediction given by analysts at Strategy Analytics, claiming that LEDs have already become the dominant light source in cars.
Analysts attribute the popularity of LEDs to their superior energy efficiency over halogen and xenon lamps. This is especially true when manufacturers are looking for ways to reduce energy consumption and emissions. Another important factor is the desire of automakers to attract the attention of consumers and differentiate their products from competitors’ products. LEDs provide more opportunities not only in design, but also in expanding the functionality of lighting equipment. In particular, they make it possible to form an adaptive high beam that is safe for oncoming vehicles, project messages and virtual markings onto the roadway.
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