Asian and South American markets to drive demand for low-cost LED lighting technology
IHS Markit forecasts demand for projector-based LED technology to grow faster than reflector-based LED headlamps in the next five years
The shift from halogen/HID bulbs to LEDs in headlights and taillamps is a major trend in the automotive industry. In many Asian countries such as India, OEMs are beginning to offer reflector or projector-based LED headlights, with no adaptive driving beam (ADB), in the upper trims of lower segment models
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