LED forward lighting market to almost double by 2020

A market report by McKinsey & Company predicts a sharp increase in LED (Light Emitting Diode) lighting adoption in the automotive category by the end of the decade. And while in the very near term the industry will experience an increase in daytime running lights and headlamp usage, unique LED light guides and multiple light source lamps, McKinsey predicts that the technology will continue to change and advance, and in the future will include technology such as smart headlamps that sense the driving environ
July 12, 2012 Read time: 2 mins
A market report by McKinsey & Company predicts a sharp increase in LED (Light Emitting Diode) lighting adoption in the automotive category by the end of the decade. And while in the very near term the industry will experience an increase in daytime running lights and headlamp usage, unique LED light guides and multiple light source lamps, McKinsey predicts that the technology will continue to change and advance, and in the future will include technology such as smart headlamps that sense the driving environment and adjust illumination accordingly.

“In 2011, LEDs claimed a 12 per cent share, contributing to the overall category's revenue of US$18.1 billion. Researchers expect to see a spike of 22 percentage points by 2020, increasing the LED share to 34 per cent of the overall automotive lighting market. This forecast is based on the anticipated growth in the adoption of LED headlights and daytime running light systems by automakers during the next eight years,” said David Hulick, 1786 Osram marketing director, Specialty Solid State Lighting. "Until recently, LEDs were most common in centre high mounted stop lamps and taillights, with headlights having been a novelty feature in very high-end vehicles," said Hulick. "Now the industry is seeing growth in daytime running lights and headlight applications."

For more information on companies in this article

Related Content

  • The steep drop in fuel prices and its effect on transportation in India, US and UK
    February 17, 2016
    Industry insight from Steer Davies Gleave notes that increases in oil production and lower projected global demand growth for crude oil have contributed to declines in fuel prices, beginning in June 2014 and falling 70 per cent to the lowest point in January 2016. However, the impact of changing fuel prices is not uniform across transportation modes. For instance, in India, retail fuel prices have declined by only 20-25 per cent as a result of the central government increasing the excise duties to shore
    Read More
  • Growth of legislation in favour of US enforcement market
    February 1, 2012
    The automated road safety enforcement industry in the United States had a very robust 2010. The industry continued to grow to the point that providers now have nearly 5,000 cameras deployed in 25 of the 50 states and the District of Columbia, with more than 650 communities utilising such life-saving technology. Intersection safety cameras are the most common application but more communities are also implementing road safety camera programmes to deter excessive speeding. Deploying cameras to protect children
    Read More
  • Driving forward cooperative intersection safety applications
    July 24, 2012
    Gregory Davis, FHWA, John Harding, NHTSA, and Mike Schagrin, ITS Joint Program Office (RITA) chart the course for cooperative intersection safety applications being pursued as part of the IntelliDrive programme. Crashes at intersections accounted for 8,703 highway fatalities in the US in 2008. Research and development is moving forward on IntelliDriveSM safety applications designed to help drivers avoid intersection accidents. These new safety systems could substantially drive down the highway death and inj
    Read More
  • Embedded OEM and aftermarket telematics solutions to reach 189 million by 2016
    April 17, 2012
    “Despite all the hype about hybrid and smartphone-based telematics solutions, embedded connected car systems still have a bright future,” says ABI Research telematics and navigation group director Dominique Bonte. “On the OEM side, solutions such as GM’s OnStar and Hyundai’s Blue Link offer more reliable safety and security functionality such as emergency calling. Similarly, embedded aftermarket systems for insurance telematics, road user charging, or stolen vehicle tracking offer the best performance. Fina
    Read More

Highlighted Content