“Despite the auto industry’s overall slowdown, the lighting market looks bright over the next decade,” comments Pierrick Boulay, Technology & Market Analyst at Yole. The period following the 2008/2009 global economic crisis was the auto industry’s longest-ever growth phase. But after eight productive years, in 2018 we observed a modest decrease in vehicle sales. The drivers of this recent downturn are global trade uncertainty due to U.S. tariffs, and increasing trade restrictions that threaten to destabilize economies worldwide. OEMs and suppliers now must face industry disruption of a traditional model.
“New mobility and digital transformation are the key trends that will directly impact the automotive lighting industry”, adds Pierrick Boulay.
LEDs are rapidly gaining popularity as their cost decreases and efficiency, luminance, and package size improves. Full LED headlamps are now being commercialized in emerging markets, and nearly all car makers and Tier-1 parts suppliers have developed full LED-based headlamp systems. Such technology is a must-have in the C and also the D (large vehicle) automotive segments, with implementation continuing in the lower B (small car segment). For example the Renault Clio and Opel Corsa are equipped with full-LED lighting, either as standard on the base model, or as optional LED matrix headlights in the Corsa’s case. Today’s moderate market growth is mostly related to the strategies of light source suppliers – “LEDification” – implementing lower-cost solutions for emerging markets and to the automotive market slowdown.
Advanced LED matrix headlights, with more than 50 LEDs per vehicle, have been implemented in premium car segments. These attractive headlamps provide different lighting scenarios and are frequently selected by new-car buyers. As a result, styling and technological advances have also contributed to the market’s growth.
Yole’s automotive lighting report presents all AFLS applications and their associated market revenue for the period between 2019 and 2024. It details the integration status of different lighting technologies and systems, recent trends, and market size by application.
Yole Développement – www.yole.fr