According to the latest report by Yole Developpement, the LED output market has grown relatively slowly between 2015 and 2018. However, after 2018, due to the introduction of advanced lamp systems, coupled with emerging light sources such as OLED and laser. With a small amount of attention, the market size will enter the accelerated take-off phase. Overall, the automotive LED market will have a compound annual growth rate (CAGR) of 23.7% between 2015 and 2021.

For emerging light sources, Yole believes that the popularity of laser lights has a long way to go, because the added value of laser technology has yet to be verified, and it will bring some potential risks. As for OLED lamps, although it has already brought clear added value, the excessive cost is still the biggest obstacle to the popularity of OLED lamps.

Automotive LED market OLED / laser ready to go

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