With LEDs gaining importance, the price of LEDs has decreased rapidly over the past three to five years. This trend is expected to continue over the next few years until LED lights reach a true mass-adoption cost. Essential research on better materials is crucial to reach this price goal. However, beyond that, advances in materials will also broaden LED consumption through improved performance in brightness, lifetime (concerning brightness and colour maintenance), and colour homogeneity or colour rendering.
Automotive headlights have been the last automotive application to transition to LEDs. In addition to luxury vehicles being equipped with high-power, high-luminance LEDs, new technologies and materials are now expected to expand to the high-volume entry-level vehicles sector in the next few years. The industry-wide move to solid-state light sources brings several obvious advantages, such as a significant reduction in energy use. Illumination has accounted for a significant proportion of energy use; a 50% reduction by 2025 over 2005 through solid-state light sources is a significant achievement. Within the automotive sector, solid-state light sources lead to an overall reduction in CO2 emissions, and a significantly longer working lifetime. Apart from the LED and OLED light sources that are being incorporated in vehicles today, new light sources in development include digital micromirror devices (DMD) and laser technology.
The Advanced Automotive Lighting and Vision Systems Report study by IHS Markit analyses the original equipment (OE) light vehicle lighting systems and technology demand on the both global and regional basis from 2016 to 2023.
Global component demand
Regional component demand
OEM sourcing strategies
Staying abreast of automotive sector/topic-specific developments, trends, and competitive activity can be time-consuming. With many sources available, it is often difficult to find critical and reliable market information that stakeholders of the automotive industry need. Conducting business analysis, product, or market strategy assessments without validated market data is risky.
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