Automotive LED market worth US$2.29 billion in 2020 due to stable prices and volume, says LEDinside

LED makers are branching into the niche application markets as the competition in their industry expands. Currently, entering the automotive LED market is regarded as a "blue ocean" strategy because the market has relatively few contestants and allows for higher pricing. According to the LEDinside, the worldwide market value of exterior automotive LEDs for 2015 is expected to reach US$1.21 billion. This figure is projected reach US$2.29 billion in 2020, translating to a CAGR of 8% during the 2015~2020 period. Additionally, the market value of standard-power LEDs is gradually declining in contrast to the rapidly rising market value of high-power LEDs. In the future, automotive LED applications will take off in the high-power LED market.

from DIGITIMES: IT news from Asia http://ift.tt/1UdpUdQ
via Yuichun