2019 Automotive LED Market Trend Analysis – Part One - Energy Watch News

2019 Automotive LED Market Trend Analysis – Part One

In the first half of 2018, car sales had slowly grown as the global economy was relatively stable. In 2018, China was still the country where the automotive market grew the most. Other growing markets include India and Brazil whose on year car sales growth rates were over 10 percent in 2018. In the U.S., car sales still increased in 1H18. But it may drop in the second half. LEDinside projects that high power and middle power LED will be growing faster than the low power ones. With increased diversity of factory-installed headlamp and the decreasing price of LED headlamps, the market value of high power LED could achieve a growth rate of 35 percent YoY. The growth rate for middle power LED is also projected to be around 20 percent with the increasing installation of lighting on side mirrors and daytime running lamps. https://www.ledinside.com/news/2019/1/2019_automotive_led_market_trend_analysis_part_one

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