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Global auto LED lights revenune is expected to reach approximately USD 3 billion in 2021

27-03-2021
The COVID-19 epidemic had hit the global automotive market and  damaged the car LED lights industry at the beginning last year. In the second quarter last year,owing to the slow recovery of vehicle sales and the development of new energy vehicles,the total revenue of global auto LED lights was up to US$2.572 billion, a 3.7% decline compared with the year 2019. Auto LED lights revenue for 2021 is estimated to reach $2.926 billion, a 13.7% growth compared with year 2020, thanks to the increasing demand for car LED headlights and display panels. As automotive makers keep incorporating car LED lights solutions into new car models, the penetration rate of automotive LED lights will keep climbing in the year 2021.

In the car LED suppliers revenue ranking of 2020, OSRAM Opto Semiconductors, Nichia, and Lumileds remained the top three largest respectively, with a combined market share of 71.9%. In the same time, European and American auto makers preferred solutions from OSRAM for their high-end vehicle models and new energey vehicles, which resulted inthe main revenue driver of OSRAM’s automotive LED business.
global ranking of automotive car led suppliers in terms of reveune from the year 2019 to 2020

In contrast, Japanese auto makers had to pause their operations to affect greatly the revenues and market shares of Japanese car LED suppliers, such as Nichia and Stanley, in 2020. the revenues for Nichia and Stanley declineed by 9.8% YoY and 7% YoY, respectively, both of them were the two suppliers among the top 10 last year to have shown great  declines. Seoul Semiconductor’s nPola and Wicop LED products were adopted by Chinese automakers, including CCAG, SAIC-GM, and NIO. Seoul Semiconductor’s market share was up to 5.1% in 2020. Finally, not only did other suppliers, such as Samsung LED and CREE, make stable performances in the automotive aftermarket (AM) and performance market (PM) segments, but they also began entering the automotive Original Equipment Manufacturer (OEM) lighting market. Samsung LED and CREE each took seventh and ninth place on the 2020 ranking with a 2.8% and 1.1% market share, respectively.

Fortunately,automotive market demand has been recovering step by step later in the year 2020. For this reason, car LED suppliers estimate that they might accept more and more ordersthroughout 2021,  most car LED suppliers now need to make their lead times longer. At the same time, car LED players say they will make decisions for the possibility of increasing prices because of rising costs of materials depending on the market requirement. 
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