July 6, 2021

LED Now Dominant Light Source in Automotive Lighting, says Strategy Analytics

BOSTON–(BUSINESS WIRE)–Value demand for Light Emitting Diodes (LEDs) alone in automotive lighting will nearly triple from $1.4 billion in 2020 to $3.9 billion by 2024. The latest report “Automotive Lighting: Who Can Challenge LED’s Dominance?” from the Strategy Analytics Powertrain, Body, Safety & Chassis Service (PBCS) service, predicts that OEM requirements for styling and functionality will further increase demand for LED-based automotive lighting systems. LED has seen further developm


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