The latest report of the global car LED lighting market released by Technavio
In early 2016, the research consultancy organization Technavio released the latest report of the global car LED lighting market, and analyzed the main trends of the global car LED lighting market in 2016-2020.
Global car LED lighting market in 2020 is expected to top $7 billion (about 45.6 billion RMB),the composition annual rate of growth will be more than 18%. Global car LED lighting market is explosive growth can be attributed to: lighting manufacturers efforts to provide efficient, reliable and affordable LED lights for auto makers.
Wherein, Technavio analysts surveyed top global automotive manufacturers of LED lighting market include: Hella (Hella), KOTTO, Magneti Marelli and Valeo.
In general, the car LED lighting will gradually replace the original way of lighting, such as the development trend of the times.