What would be the share of North America and Europe in this high power LED market for the next five years?
The high power LED market is expected to grow from USD 4.5 billion in 2019 to USD 5.6 billion by 2024, at a CAGR of 4.5% during the forecast period. The long life & continuous usage, small size, less power consumption & voltage, and increasing high brightness application are the major factors fueling the growth of the market.
The use of high power LEDs in smart cities will be a significant...
Increased Installation of Ambiance Lighting in Premium Vehicles to Drive the Growth of the Global Market in the Coming Years
Ambient lighting in vehicles is becoming more and more popular in the automotive industry. Along with making the interior of a vehicle more appealing it also ensures driver safety, since it makes the instruments and control panel effectively visible, especially at night and when the visibility is low. Ambient lighting has been currently dominating the high-end luxury cars segment since the past few...