Auto LED industry value to see YoY growth over 30%: TrendForce

The latest report on 2020 to 2021 global automotive LED products released by TrendForce featured figures on how the global LED headlights now make up over 60% of the market in 2021, with permeability rates in the NEV field over 90%. With the automotive market ramping up deliveries and increasing adoption of LED lights, the report expects the global auto LED market industry value to reach USD$3.51 billion, a YoY growth of 31.8%.

Also, with auto semiconductor shortages leading to delayed production, TrendForce research pointed out that as automotive firms had not paused their LED light orders, the risk of running into shortages is still low. In terms of revenue ranking, the top three auto LED light makers are ams OSRAM, Nichia Corporation, and Lumileds, with a combined market share of 71.7%.

ams OSRAM saw the fastest revenue growth for automotive LEDs, with the report predicting a possible USD$1.304 billion, a YoY growth of 40.9%. On the other hand, Samsung's LED PixCell LED is also used in EV maker Tesla's Model 3 and Model Y, estimating revenue of USD$121 million and could increase market share to 3.4%.