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Automotive applications are the focal points for LED technology applications. Many LED producers have targeted the rapidly growing automotive LED market and searched for niche LED products.
Lighting and display panels are the two major automotive applications for LED technologies. Headlights, fog lights and high/low beam lights adopting LED technologies have driven the growth of LED penetration rate. Meanwhile, LED applications for automotive panels including CIDs, HUDs, navigators and clusters have also expanded rapidly. LEDinside has estimated that the market value of automotive LED panels would grow from US$ 42 million in 2017 to US$ 87 million in 2020, with the CAGR of 2016-2020 at 25 percent.
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