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2020 LED Car Market Share Will Reach 20%
- May 12, 2017 -

According to the Dongguan Institute of strategic emerging research institute for the field of LED lighting research results show that the current automotive lighting market xenon lamp occupies 17% market share, LED only 6%, the rest of the lights most of the use of halogen lamps. In the current market conditions, the halogen price is higher, more suitable for low-priced models.

However, with the sustained and rapid growth of China's macro economy, the steady improvement of living standards, huge purchasing potential will gradually become the driving force for the rapid growth of China's auto industry, 2013, China's auto market sales exceeded 20 million, to maintain sustained growth, And for the fourth consecutive year to maintain the world's first car sales position. It is estimated that by 2020, passenger car sales of more than 25 million. High-end car sales have increased significantly, which will also drive the development of supporting parts industry. LED is expected to become the mainstream of the future trend of automotive lighting, LED lights in 2020 the global market will reach 20% or more.