South Korean LED maker Seoul Semiconductor was supplying its Wicop LED product to car manufacturers such as Changan Automobile, SAIC-GM-Wuling and Nio, analyst firm TrendForce said.
The South Korean company had reached a 10% market share in the global automotive headlight market this year, the analyst firm said.
Last year, Seoul Semiconductor had said it began supplying its Wicop Bi-color product to Audi.
In September, it said it was supplying Wicop to around 100 automobile brands worldwide.
The company had touted the high luminance and compact size of Wicop, which offers LED without packaging.
TrendForce expected Seoul Semiconductor’s automotive LED sales to reach US$155 million this year, which will be up 19% from 2020.
Overall, the company ranks sixth in market share with a market share of 4.4% as of 2021.
Meanwhile, Samsung’s automotive LED business is expected to record US$121 million in revenue this year, an increase of 70% from 2020, according to TrendForce.
The company is expected to land a market share of 3.4%, ranking seventh globally.
Meanwhile, the worldwide automotive LED market is expected to reach revenue of US$3.51 billion this year, an increase of 31.8% year-on-year.
Germany’s ams-OSRAM, Japan’s Nichia and Netherlands’ Lumileds is expected to rank first, second and third, respectively, each with a share of 37.2%, 23.1% and 11.4%.
LED penetration in the automotive headlamp market will reach 60% this year, TrendForce also said.
