2020 LED car market share will reach 20%

According to the Dongguan Institute of strategic emerging research results in the field of LED lighting shows that the current automotive lighting market xenon lamp occupies 17% market share, LED accounted for only about 6%, most of the rest of the use of halogen lamps. In the current market, the price of halogen lamps higher, more suitable for low-cost models.

But with China's macroeconomic sustained and rapid economic growth, the living standards of residents increased steadily, huge growth potential will continue to pull into power, the rapid growth of China's auto industry in 2013, Chinese car market sales exceeded 20 million units, to maintain sustained growth, and continued to maintain the first position of the global car sales in fourth years. Expected by 2020, passenger car sales of more than 25 million vehicles. High end car sales have increased significantly, which will drive the development of supporting parts industry. LED is expected to become the mainstream trend of future automotive lighting, in 2020 the global market for LED lights will reach 20% or more.