LEDs in cars to be worth $2.5 billion

googlecarIncreased use of light emitting diode (LED) technology in the authomotive industry means that revenues by 2018 will amount to a staggering $2.5 billion.

The reason is high end developments in technology, along with higher margins from the automotive market than in other applications, according to Taiwanese market research company Trendforce.

Traditional light bulbs look like they’ve had their day as manufacturers adopt LEDs not only for internal lighting but for high power headlights that consume low power.

While LED beam lighting has been confined to high end ranges, designs are migrating steadily to the medium priced market too.

Trendforce thinks that this year the use of LEDs in cars has already hit nine percent and will rise exponentially during the following few years.

LEDs are set to displace backlighting for car panels and that will lead to price cutting by the manufacturers as they vie for market share.