After a slow revenue increase over the last few years, Yole Developpement predicts a market recovery in automotive industry, with a 23.7% CAGR between 2015 and 2021.
This trend is explained by the wider adoption of advanced front lighting systems and the slow adoption of emerging light sources such as laser and OLED. Laser technology is just at the starting point in term of adoption and there are still some questions about technology's added-value and potential associated risks. From its side, OLED technology confirms its added-value but suffers from its very high price.
"OLED technology represents a big opportunity for interior and exterior lighting but this technology need to be more affordable and reliable," explains Pars Mukish, Business Manager, LED, OLED and sapphire activities at Yole. "At the middle term, we expect OLED technology to start spreading across various interior lighting functions and accessing some new exterior lighting functions".
