LED gaining acceptance in automotive market

  • With global automobile manufacturers looking for a more energy efficient interior and exterior lighting, the LED market for automotive applications is expected to grow from $690 million in 2007 to $1.2 billion in 2011, representing 13% compound average growth rate (CAGR), and LEDs will have an 8% market penetration rate by 2011, according to market sources. The automotive lighting market is divided into interior and exterior segments and LED applications currently account for up to 60% of the interior lighting market, the market sources noted.

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