Thwarting LED cost erosion, high-value automotive sector is driving revenue growth

According to market research firm Yole Développement, lighting is becoming the new photonic hub, with the ‘LEDification’ of vehicles set to propel automotive lighting revenues to $37.3B by 2023. With the integration of light emitting diode (LED) technology, lighting has evolved from a basic, functional feature to a distinctive feature with high-value potential in automotive. Indeed, LED technology has given manufacturers the opportunity for strong differentiation via lighting design and additional functionalities. This is particularly true for exterior lighting. The integration of new solid state lighting (SSL) technologies is transforming automotive front lighting and rear combination lighting (RCL) systems and their applications, offering more design flexibility, increased efficacy, and intelligent functionalities.