Friday, January 15, 2016

LED lighting adoption in the automotive category by the end of the decade

According to a recent market report, McKinsey & Company predicts a sharp increase in LED lighting adoption in the automotive category by the end of the decade.

In last year's automotive lighting market, LEDs claimed a 12 percent share, contributing to the overall category's revenue of $18.1 billion. By 2020, researchers expect to see LED share nearly triple to 34 percent of the overall automotive lighting market. This forecast is based on the anticipated growth in LED headlight adoption by OEMs during the next eight years.

Once automakers re-engineer a vehicle's forward lighting system to accommodate LED, OSRAM suggests that broadening the led high bay lighting application across other vehicle lines and platforms will come more easily.

India Seamless group, a Pune-based small aircraft manufacturer, has make inroad into consumer lighting business by a new subsidiary LightO Technologies which aims to penetrate the markets in India, LED high bay light, Bangladesh and Nepal.

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