According to the market research company Yole Developpement, the global automotive lighting market in 2015 is about 22.4 billion US dollars, and is expected to reach a market size of 27.7 billion US dollars by 2021; the annual compound growth rate (CAGR) from 2015 to 2021 is reached. 23.7%.
Yole Developpement pointed out in its latest LED market research report "Automotive Lighting: Technology, Industry and Market Trends" (Automotive Lighting: Technology, Industry and Markettrends) that this market is driven by the continuous increase in lighting systems in each car, and a large number The use of LED headlight lighting systems – including headlights and daytime running lights (DRL) – generated revenues of 43% and 28% respectively in 2015. The remaining 29% comes from taillights/central lights, interior lights and directional lights.
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