From Technologies to Market

Automotive
Lighting

Technology, Industry,
and Market Trends

2016 Report

SAMPLE
TABLE OF CONTENTS (1/4)
Executive Summary P12 Automotive Lighting Market P72
2015 automotive lighting market status
Automotive Market Trends P41
2015 revenue - Breakdown by application
Status of the market
2015 revenue - Breakdown by supplier
Automotive and GDP
2015 revenue - Breakdown by region of sale and headquarter location
2005 - 2015 vehicle sales
2015-2021 automotive lighting market forecast
Overview
Market revenue forecast
Geographical breakdown
2015 vs. 2021 comparison - Breakdown by application
Vehicle type breakdown Focus on interior lighting
Top 10 automotive manufacturers and associated brands Focus on exterior lighting
Growth drivers In-depth analysis of headlamp market
Macrotrends Introduction - Low-level functions vs. high-level functions
Introduction Headlamp system
Vehicle electrification (drivers and deterrents, status)
Segmentation
Advanced Driver Assistance Systems (ADAS) (drivers and deterrents,
status) Penetration rate by technology (degree 1)
Automotive industry and supply - Undergoing transformation LED headlamp system
Key milestones
o Light Sources and Associated Functions/Applications P61
History of light sources Status
Overview of light sources Penetration rate by system type (degree 2)
Halogen Penetration rate by system type (degree 3)
Xenon/HID Summary of technology trends
LED Market size
Laser Highlights
OLED Headlamp - Split by technology type
Light source vs. lighting functions/applications LED headlamp - Split by system type
Conclusion Advanced Front Lighting System (AFLS)
Introduction
Penetration rate by system type (LED only)
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 2
TABLE OF CONTENTS (2/4)
Automotive Lighting Industry P97 LED for Automotive Lighting P149
Analysis of Tier-1 competitive landscape Introduction
Market share - 2014 vs. 2015 History of LED integration
Supplier ranking per region (Asia, Europe, North America) Drivers for LED integration
2013-2015 revenue trends for top 15 suppliers Challenges for LED integration
2015 market share vs. 2014-2015 revenue growth Packaged LED classification and applications
Emerging suppliers LED device suppliers
Trends Listing/Mapping per lighting function
Company profiles Leaders, followers and emerging players
Koito (JP) Cost aspects
Magneti Marelli (IT) Trends
Valeo (FR)
OLED Panel for Automotive Lighting P163
HELLA (DE)
Drivers and potential applications
Stanley (JP)
Challenges for OLED integration
ZKW (AT)
Technology aspects
SL Corporation (KR)
Market and industry aspects
Varroc Lighting Systems (IN)
Recent developments
Depo Auto Parts Ind. (TW)
OLED rear lamp prototypes from HELLA, Osram, and Stanley Electric
Ichikoh (JP)
BMW - From prototype to production (M4 GTS)
TYC Brother Ind. (TW)
Future trends - from 2D OLED to 3D OLED
Grupo Antolin (SP)
Breakthrough design possibilities
Olsa SpA (IT)
Focus on R2D2 project
Insights on the Chinese automotive lighting industry
Manufacturing cost
Main Chinese automotive players
Introduction
Key groups, joint ventures, and sub-brands
Industrial roadmaps
Different business models for local supply chain
How to decrease it?
Chinese automotive lighting industry
Conclusion
Chinese market - Market shares
Chinese industry (main player revenues, capacity, new entrants..)
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 3
TABLE OF CONTENTS (3/4)
Laser Diode for Automotive Lighting P179 Exterior Lighting P204
Introduction and history Introduction
Technology aspects Small lamps
The BMW i8 laser headlamp Milestones
The Audi R8 laser headlamp Product overview
Luminance aspects Turn indicator in side-view mirror
Laser vs. LED Front combination lamps
Conclusion CHMSL
License plate lamps
Interior/Ambient Lighting P188
Rear Combination Lamps (RCL)
LED benefits
Milestones
Key milestones
Technical accentuation
Functions/uses
Latest developments (excluding OLED)
Introduction
Front Lighting
Enhanced communication
Bi-functional headlamp systems
Safety
Headlamp system typologies
Physical & electrical system integration
Automotive lighting functions
Different ways to highlight the interior
Safety aspects
LEDs
Impact on energy consumption
Light guides
History of LED DRL and headlamp adoption
OLEDs and luminous textiles
Full LED headlamps - Timeline per manufacturer
Integration model
Roadmap - Progression of LED, OLED, and laser technologies
Partnership required for success
LED headlamp - From luxury to economy cars
Mood Lighting - Impact of colored light
Trends
Conclusion

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 4

TABLE OF CONTENTS (4/4)
Advanced Front Lighting Systems P231 Conclusions P267
Overview
Headlamp leveling
Static bend lighting
Dynamic bend lighting
Non camera-based adaptive front lighting
Camera-based adaptive front lighting
Automatic high beams
Adaptive cut-off line
Vertical cut-off line
Glare-free lighting
Emerging technologies
Matrix LED
Systems from HELLA and other suppliers
New functionalities
Fully adaptive headlamp system
System architecture
Sensing (overview of technology, focus on CMOS image
sensor)
Focus on CMOS image sensors
Roadmap for (front) ADAS cameras
High-resolution headlamps
DMD and SLM technologies
Matrix laser headlamps
Whats next?
Targeted illumination
Eye-tracking adaptive lighting
AFLS and safety aspects
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 5
OBJECTIVES OF THE REPORT
THIS OBJECTIVE OF THIS REPORT IS TO PROVIDE A COMPREHENSIVE OVERVIEW OF ALL ASPECTS OF
AUTOMOTIVE LIGHTING!
Deep insight into various Automotive Lighting technology and system approaches and their comparison
(LED / OLED / Laser () - DRL / Headlamp / Interior Lighting () - AFLS ())
&
Analysis of industry, technology roadmaps and market metrics.

The objectives of this report are:

To analyze the automotive lighting market / applications current status and future trends!
To review the automotive lighting industry structure and future trends!
To discuss the main technologies used for automotive lighting, and associated roadmaps!
To examine the main lighting systems used for automotive applications, and associated roadmaps!
To provide market insights (2013 - 2021) for automotive lighting applications!

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 6

AUTHORS OF THE REPORT
Pars MUKISH (Business Unit Manager - Sapphire, LED / OLED, Display and Lighting Systems -Yole Dveloppement)
Pars MUKISH holds a masters degree in Materials Science & Polymers from ITECH in France and a masters degree in Innovation &
Technology Management from EM Lyon, also in France. He works at Yole Dveloppement, the "More than Moore" market research
and strategy consulting company, as Senior Market and Technology Analyst in the fields of LED, OLED, Lighting Technologies and
Compound Semiconductors, carrying out technical, economic and marketing analyses. In 2015, Pars has also taken on responsibility
for developing Sapphire, LED / OLED and display / lighting activities as Business Unit Manager.
Previously, he worked as Marketing Analyst and Techno-Economic Analyst for several years at the French Research Center CEA.

Pierrick BOULAY (Market & Technology Analyst - LED / OLED and Lighting Systems - Yole Dveloppement)
Pierrick BOULAY works as a Market and Technology Analyst in the fields of LED, OLED and Lighting Systems, carrying out technical,
economic and marketing analysis at Yole Dveloppement, the "More than Moore" market research and strategy consulting company.
He has experience in both LED lighting, including general and automotive lighting, and OLED lighting.
In the past, he mostly worked in R&D departments for LED lighting applications. Pierrick holds a masters degree in Electronics from
ESEO in France.

Eric VIREY (Market & Technology Analyst - Sapphire, LED / OLED and Display Systems -Yole Dveloppement)
Eric VIREY holds a Ph-D in Optoelectronics from the National Polytechnic Institute of Grenoble (INPG - France).
He works as Market and Technology Analyst in the fields of Sapphire, LED / OLED and Display technologies.
In the last 12 years, he has held various R&D, engineering, manufacturing and marketing positions with Saint-Gobain. Most recently, he
was Market Manager at Saint-Gobain Crystals, in charge of Sapphire and Optoelectronic products.

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 7

 AUTOMOTIVE INDUSTRY & SUPPLY UNDERGOING TRANSFORMATION
The automotive industry as we know it today has evolved organically from that pioneered by Henri Ford and its
mass production philosophy. But in the last few years electronic, optoelectronics, software and various digital
technologies along with societal changes are increasingly pressuring automotive makers in
transforming its offering and business models faster than ever before.

Car Maker Traditional Skills Emerging New Requirements Batteries,

Styling & Powertrains Electronics, Optoelectronics, Software ()

Automotive
OEMs will
remain focused
on core
automotive
competencies
but have to
develop new
ones.
Illustration:
Analog Devices
BMW

Illustration: Style, safety, reliability and energy efficiency requirements driven by consumers and increasingly demanding regulatory standards demand
remains the key priority for vehicle manufacturers. This translate into a constant focus on their core competencies such as power train and structures.
But OEMs also have to develop and implement increasingly complex electronic, optoelectronic, software and communication systems. Most will
collaborate with new suppliers and industries.

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 8

LED FOR AUTOMOTIVE LIGHTING
Main Challenges for LED Integration (1/2)
Harsh environment:
Automotive applications = high electrostatic discharges, stringent quality requirements and
testing (temperature cycling, stress tests)
Beam shaping:
Stringent beam shaping requirements for front lamp applications require advanced optics
design.
XX:
XX.
Cadillac Escalade SUV Headlamp Module
Electrical management (driver):
Source: Hella
To create an efficient drive circuit, several issues need to be considered and a driver that
supports variable input and output voltage is necessary.
XX:
XX.
Audi R8 headlamp with
LED reliability and performance: 54 LEDs from Osram
and Lumileds
OEMs require no perceived drift nor drop in performance with age / time. Source: Osram and
Lumileds
Obsolescence:
LED technology lifecycle is much shorter than those applying to automotive products So
is there a strong incentive for LED manufacturers to maintain obsolete technologies just to
support a small market?
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 9
 OLED FOR AUTOMOTIVE LIGHTING
Drivers & Potential Applications
Main drivers of OLEDs integration are:
Design flexibility (color rendering, size, thickness, weight, form Long lifetime.
factor). High efficiency/Low energy consumption.
Major driver for integration of OLEDs in Automotive Fast response (enhanced safety).
Lighting.
Represents the main factor of differentiation with LED
Health friendly/Eco friendly.
technology.

Design aspects OLED is suitable for only some applications in Automotive Lighting:
represent the Advanced front
main driver for lights (dynamic Interior light (ambiance light, dome light, map light) XX LEGEND
light)
OLED Highly accessible
integration into Low and high beam
light April 2016
Rear light
automotive Can be accessible
lighting. XX XX Not accessible

Day Running Light

Turn indicator
(DRL)

XX XX Potential application for OLED in

Automotive Lighting
Turn indicator Illustration: www.drivingfuture.com
XX Side marker Reversing light
(front)

NOTE: Due to the fact that OLED are not point source (but diffuse source), OLED should
never access applications such as Daytime Running Light (DRL), low bean light.
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 10
 LASER FOR AUTOMOTIVE LIGHTING
The BMW i8 Laser Headlamp
Laser sources combine the excellent light performance of xenon headlamps with the design possibilities offered by
LED technology. Compared to typical LEDs, the luminance (measure of the luminous intensity of an illuminating surface) is ten
times stronger (x10), which increases the efficiency of the optical system and reduces energy consumption.
The BMW i8 launched in the fall of 2014 was the first commercial vehicle featuring laser high beams with a range up to 600m.
The low beam function is provided by LEDs.

The laser
headlight of the
BMW i8 is
more efficient
and compact
and offers
higher
luminance than
300m 600m
LED systems.

LED high-beam combined with the laser-

LED low-beam LED high-beam
based spot (laser booster)
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 11
 INTERIOR / AMBIENT LIGHTING
Functions / Uses
LEDs in interior / ambient lighting are used for mood lighting, and to enhance driving experience!

Light is
integrated into Source: Grupo Antolin
overheads and
cockpits Interior / Ambient lighting is directly controlled by the infotainment system!
creating a
customable
environment.

Source: Hella - BMW X5 Source: Hella - BMW X5

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 12
 HEADLAMP SYSTEMS TYPOLOGIES

HEADLAMP SYSTEM DETAILS STATUS

Full Halogen used for all light Basic system - Limited to low grade Established
Single- Halogen functions segments Technology
Type Light
Source Advanced system - Previously limited
System LED used for all light to high grade segments but now Emerging
TYPOLOGY OF SYSTEM
Full LED functions starting to spread over middle grade Technology
segments

Multiple types Hybrid Xenon used for low Advanced system compared to Full
Established
of headlamp Halogen beam and / or continuous halogen with increased performance
Technology
/ Xenon high beam light for low and high beam lighting
combining
different
sources are
available. Multi-Type XX XX XX XX

Light
Source
System XX XX XX XX

Hybrid Advanced system compared to Full

Laser used for Technology
LED with increased design
LED / continuous high beam
possibilities, performance and
Under
Laser light Development
functionalities for high beam lighting

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 13

 AUTOMOTIVE LIGHTING FUNCTIONS

Technology Automotive Lighting Functions

Progr. Light-Source High -power display

- XX
Pointlike Light-Source
- Styling Freedom (Package)
Discr. Matrix-Systems XX

The adoption of - Multiple optical modules

LED and laser XX
- Freedom of styling
light sources
allowed new - XX
design styling - XX
Stops/Mechanics - Adaptive front-lighting system
and more
complex lighting - XX
- More Lumen Flux
functions.
XX - Luminous flux / Visibility range
- XX

Electric Light-Source Electronic control of luminous

flux

Source: Yole/BMW

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 14

 ADVANCED FRONT LIGHTING SYSTEMS - STATIC BEND LIGHTING
Static bend lighting consists in activating cornering complementary lights in intersections, narrow corners, entry
gateways etc...
This additional beam can cover angles up to 90 from the axis of the vehicle, lighting crossing areas etc
The activation is accomplished by operating a winker or as a function of the speed or steering of the vehicle.

Static bend
lighting provides
an additional
corner beam in
certain driving
situations.

Illustration of Static Bend Lighting

Source: Hella
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 15
 TOWARD GLARE FREE LIGHTING
Glare Free Lighting also represents an enhancement of Automatic High Beam (AHB) system.
The function can be realized by installing a special sheath on the rotating cylinder in the projection module.
Based on image processing functions and intelligent settings in the projection module, critical areas of oncoming
traffic that might face glare are removed from the high beam distribution, but the rest of the high beam field remains
intact for the drivers convenience,
However new technologies are being developed to increase functionalities of such system: Matrix LED and Digital
Mirror Device.

AFLS can Increasing complexity of the system (light source / module, camera, sensors, software)
include one or
more of the
functions SYSTEMS Automatic High Beam Adaptive Front Lighting Glare Free Lighting
described in this
section.
Automatic switching between low and high beam

LIGHTING Adjustment of lighting beams

FUNCTIONS
Masking of some specific
lighting area

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 16

 FULLY ADAPTIVE HEADLAMP SYSTEM - SYSTEM ARCHITECTURE
SENSING PROCESSING ACTUATION

(Stereo) Steering
Sensor Fusion
Camra Wheel-Angle

In this kind of XX Yaw-Rate

architecture, it
is compulsory
to have a match
between the Actuation of
camera and the LIDAR XX XX
Light Module
software for
image
processing.
XX Light Sensor

Compute
Vehicule
XX Optimal light XX
Source: Yole/Nvidia Speed
distribution
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 17
 AUTOMOTIVE TECHNOLOGY TREND
Technology roadmap for (front) ADAS cameras

Module size
& cost

Forward cameras
~$10B for ADAS
1-X Cameras market
1-X Cameras technology drive will
30x30mm per car XXM to XXM keep the price high
per car
$30 ~$XX cameras
~$XX to $XX
Probably two
different X-X
markets for 20x20mm Cameras 10+ ~$20B For Display and Assist
camera in $20 per car Cameras market camera roadmap
automotive. ~$XXto $XX per car 1B+ cameras Price depreciation will
~$200 be compensated by
10x10mm volume
$10

2010 2015 2020 2025 2030 2035

Technology roadmap for (front) ADAS cameras
Source: Sensors and Data Management for Autonomous Vehicles Report
Yole Dveloppement (August 2015) 2016 | www.yole.fr | Automotive Lighting 2016 - Sample 18
 GLOBAL TRENDS - 2014 VS. 2015
Revenue for automotive lighting systems[1] increased XX%, from US$XX billion in 2014 to US$ 22.4 billion in 2015.
This growth is to compare to a more moderate 1.2% growth in vehicle production during the same period (from
89.7 to 90.8 millions units).
Growth in lighting systems was driven mostly by:
Higher lighting system content per vehicle driven by increasingly stringent safety regulations in multiple countries.
More favorable product mix driven by the strong adoption of Xenon and LED headlamps and high added value of Advanced
Front Lighting Systems, a trend consistent with the record sales figures announced by most premium car manufacturers.
Strong aftermarket.
Revenue in
automotive
lighting systems
increased
+XX% in 2015
thanks to
volume growth
and improved
product mix.

[2] [3]

[1] Excludes replacement bulbs

[2] Adjustedto reflect Valeos 31.6% ownership.
[3] Flex-N-Gate (US), J.W.Speaker (US), Sammoon (CN), Niken (TW), Sirius Light Technology (TW), Reliable Auto Parts (TW), Eagle Eyes (TW), Laster Tech (TW) etc

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 19

HEADLAMP SYSTEM MARKET
Penetration Rate by Technology
Due to sufficient performance for low and high beam, and lower cost, halogen should remain the major technology for
headlamp by 2021.
LED technology has already started to replace halogen bulbs in most of the vehicle segments and represent XX% in 2016. LED
technology should represent XX% by 2021 with cost decrease and implementation of novel functionalities (Advanced Front
Lighting Systems).
Regarding xenon (HID) technology, penetration rate will slowly decrease and remain stable by 2021. This is due to cost
decrease of LED technology and enhanced possibilities of design with LEDs.
Nowadays,Tiers-1 do not have or have low developments with xenon technology.

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 20

 SUPPLIER RANKING PER MARKET (ASIA, EUROPE, NORTH AMERICA)
There are no strong automotive lighting maker headquarter in the US, Canada or Mexico (where an
increasing volume of the vehicles bound for the North American market are manufactured).
The few local manufacturers such as XX or Flex-N-Gate are small in scale compared to European, Japanese and
Korean giants and mostly address the aftermarket or niche vehicle markets with high added value products (e.g.: .
2015 Ford F-150 truck full LED headlamp by Fle-N-Gate).
The North American market is split equally between European (XX%) and Japanese (XX%) companies. Korean
maker SL Corp has a market share of XX% thanks to an increasing presence at General Motor as well as the local
branch of Hyundai.The balance is owned by XX and XX.

There is no
strong local
manufacturer in
North America.

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 21

COMPANY PROFILE: STANLEY (JP)
Calendar Year Revenue (Local Currency Millions): Major Customers / Design wins:
Evolution Brand Group Model
2014 2015
%
Mitsubishi Mitsubishi i-MiEV
Total
348,853 401,014 +15%
Revenue Honda Honda Accord
Automotive Acura Honda RLX, TSX
XX XX +XX%
Lighting
Mazda Mazda Demio13
2014 Estimated Lighting Revenue Breakdown
Revenue Breakdown
Asia Pacific XX%
North America 23%
Europe XX%
ROW 3%
Mazda Demio 13
Global Market Share XX%

Employees:
2015
Total 15,234
R&D NA
Mitsubishi i-MiEV
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 22
COMPANY PROFILE: STANLEY (JP)
Stanley was established in 1920. The company developed strong relationship with Honda from the mid 1950s. In
2002 it created a joint venture with Hella in Australia.
Stanley also granted a royalty-based agreement on certain lighting products to XX and owns a X% stake in the
Korean equipment maker. SL Corp also has various JV with XX.
Stanley Automotive Equipment segment provide Headlamps, RCL, High Mount Stop, Fog Lamps + Bulbs (Automotive
bulbs, LED Bulbs, HID related products) for both for 4 wheel and 2 wheel vehicles.
Stanley was an early adopter and developed the first LED-based CHMSL lamp in 1986. The company signed a
licensing agreement with Nichia giving Stanley access to white LED technology. In exchange, the company sources
chips from Nichia that it packages internally.

Full LED Headlamp Full LED Headlamp XX

Direct Projection Type Projection type
2012 XX 2013

Acura RLX XX XX
XX

Proprietary LEDs from Stanley Reflector type is Stanleys low cost solution for
offering XX on entry level vehicles.

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 23

 ORDER FORM
Automotive Lighting: Technology, Industry, and Market Trends
BILL TO PAYMENT
Name (Mr/Ms/Dr/Pr): BY CREDIT CARD
Visa Mastercard Amex
Job Title:
Name of the Card Holder:
Company:
Credit Card Number:
Address:

Card Verification
City: Value (3 digits except AMEX: 4 digits):
/
State: Expiration date:

Postcode/Zip:
BY BANK TRANSFER
Country*: BANK INFO: HSBC, 1 place de la Bourse,
*VAT ID Number for EU members: F-69002 Lyon, France,
Bank code: 30056, Branch code: 00170
Account No: 0170 200 1565 87,
Tel: SWIFT or BIC code: CCFRFRPP,
IBAN: FR76 3005 6001 7001 7020 0156 587
Email:
Date: RETURN ORDER BY
F AX: +33 (0)472 83 01 83
MAIL: YOLE DVELOPPEMENT, Le Quartz,
PRODUCT ORDER 75 Cours Emile Zola, 69100 Villeurbanne/Lyon - France
Please enter my order for above named report:
One user license*: Euro 5,490 SALES CONTACTS
Multi user license: Euro 6,490 North America: Steve Laferriere - laferriere@yole.fr
- The report will be ready for delivery from May 9, 2016
- For price in dollars, please use the days exchange rate. All reports are
Japan & Asia: Takashi Onozawa - onozawa@yole.fr
delivered electronically at payment reception. For French customers, Taiwan: Mavis Wang - wang@yole.fr
add 20% for VAT Europe & RoW: Fayal Khamassi - khamassi@yole.fr
I hereby accept Yole Dveloppements Terms and Conditions of Sale(1) Korea: Hailey Yang - yang@yole.fr
Signature: General: info@yole.fr
(1)
Our Terms and Conditions of Sale are available at
www.yole.fr/Terms_and_Conditions_of_Sale.aspx
The present document is valid 24 months after its publishing date:
*One user license means only one person at the company can use the report. May 9, 2016

SHIPPING CONTACT
First Name: Last Name:
Email: Phone:

ABOUT YOLE DEVELOPPEMENT

Founded in 1998, Yole Dveloppement has grown to become a group of companies providing marketing, technology and strategy consulting, media in addition to
corporate finance services. With a strong focus on emerging applications using silicon and/or micro manufacturing (technology or process), Yole Dveloppement
group has expanded to include more than 50 associates worldwide covering MEMS, Compound Semiconductors, LED, Image Sensors, Optoelectronics, Microfluidics
& Medical, Photovoltaics, Advanced Packaging, Manufacturing, Nanomaterials and Power Electronics. The group supports industrial companies, investors and R&D
organizations worldwide to help them understand markets and follow technology trends to develop their business.

CONSULTING FINANCIAL SERVICES REPORTS

Market data & research, marketing analysis Mergers & Acquisitions Collection of technology & market reports
Technology analysis Due diligence Manufacturing cost simulation tools
Reverse engineering & costing services Fundraising C omponent reverse engineering & costing
Strategy consulting More information on Jean-Christophe Eloy analysis
Patent analysis (eloy@yole.fr) Patent investigation
More information on www.yole.fr More information on www.i-micronews.com/reports

MEDIA & EVENTS CONTACTS

i-Micronews.com, online disruptive technologies website For more information about :
@  Micronews, weekly e-newsletter C  onsulting Services: Jean-Christophe Eloy (eloy@yole.fr)
C  ommunication & webcasts services F inancial Services: Jean-Christophe Eloy (eloy@yole.fr)
E vents: Yole Seminars, Market Briefings R  eport Business: Fayal Khamassi (khamassi@yole.fr)
More information on www.i-micronews.com Press relations: Sandrine Leroy (leroy@yole.fr)

Definitions: Acceptance: Action by which the Buyer accepts
the terms and conditions of sale in their entirety. It is done by
signing the purchase order which mentions I hereby accept
Yoles Terms and Conditions of Sale.
Buyer: Any business user (i.e. any person acting in the course
of its business activities, for its business needs) entering into the
following general conditions to the exclusion of consumers acting
in their personal interests.
Contracting Parties or Parties: The Seller on the
one hand and the Buyer on the other hand.
Intellectual Property Rights (IPR) means any
rights held by the Seller in its Products, including any patents,
trademarks, registered models, designs, copyrights, inventions,
commercial secrets and know-how, technical information,
company or trading names and any other intellectual property
rights or similar in any part of the world, notwithstanding the fact
that they have been registered or not and including any pending
registration of one of the above mentioned rights.
License: For the reports and databases, 3 different licenses
are proposed. The buyer has to choose one license:
One user license: one person at the company can use the report.
Multi-user license: the report can be used by unlimited users
within the company. Subsidiaries and Joint-Ventures are not
included.
 Corporate license: purchased under Annual Subscription
program, the report can be used by unlimited users within the
company. Joint-Ventures are not included.
Products: Depending on the purchase order, reports or
database on MEMS, CSC, Optics/MOEMS, Nano, bio to
be bought either on a unit basis or as an annual subscription.
(i.e. subscription for a period of 12 calendar months). The
annual subscription to a package (i.e. a global discount based
on the number of reports that the Buyer orders or accesses
via the service, a global search service on line on I-micronews
and a consulting approach), is defined in the order. Reports are
established in PowerPoint and delivered on a PDF format and the
database may include Excel files.
Seller: Based in Lyon (France headquarters), Yole
Dveloppement is a market research and business development
consultancy company, facilitating market access for advanced
technology industrial projects. With more than 20 market
analysts, Yole works worldwide with the key industrial companies,
R&D institutes and investors to help them understand the markets
and technology trends.
1. SCOPE
1.1 The Contracting Parties undertake to observe the following
general conditions when agreed by the Buyer and the Seller.
ANY ADDITIONAL, DIFFERENT, OR CONFLICTING
TERMS AND CONDITIONS IN ANY OTHER DOCUMENTS
ISSUED BY THE BUYER AT ANY TIME ARE HEREBY
OBJECTED TO BY THE SELLER, SHALL BE WHOLLY
INAPPLICABLE TO ANY SALE MADE HEREUNDER AND
SHALL NOT BE BINDING IN ANY WAY ON THE SELLER.
1.2 This agreement becomes valid and enforceable between the
Contracting Parties after clear and non-equivocal consent
by any duly authorized person representing the Buyer. For
these purposes, the Buyer accepts these conditions of sales
when signing the purchase order which mentions I hereby
accept Yoles Terms and Conditions of Sale. This results in
acceptance by the Buyer.
1.3 Orders are deemed to be accepted only upon written
acceptance and confirmation by the Seller, within [7 days] from
the date of order, to be sent either by email or to the Buyers
address. In the absence of any confirmation in writing, orders
shall be deemed to have been accepted.
2. MAILING OF THE PRODUCTS
2.1 P roducts are sent by email to the Buyer:
within [1] month from the order for Products already
released; or
within a reasonable time for Products ordered prior to
their effective release. In this case, the Seller shall use its best
endeavours to inform the Buyer of an indicative release date
and the evolution of the work in progress.
2.2 Some weeks prior to the release date the Seller can propose
a pre-release discount to the Buyer
The Seller shall by no means be responsible for any delay in
respect of article 2.2 above, and including incases where a
new event or access to new contradictory information would
require for the analyst extra time to compute or compare
the data in order to enable the Seller to deliver a high quality
Products.
2.3 The mailing of the Product will occur only upon payment
by the Buyer, in accordance with the conditions contained
in article 3.
2.4. The mailing is operated through electronic means either by
email via the sales department or automatically online via an
email/password. If the Products electronic delivery format
is defective, the Seller undertakes to replace it at no charge
to the Buyer provided that it is informed of the defective
formatting within 90 days from the date of the original
download or receipt of the Product.
TERMS AND CONDITIONS OF SALES
2.5 T he person receiving the Products on behalf of the Buyer
shall immediately verify the quality of the Products and their
conformity to the order. Any claim for apparent defects or
for non-conformity shall be sent in writing to the Seller within
8 days of receipt of the Products. For this purpose, the Buyer
agrees to produce sufficient evidence of such defects. .
2.6 
No return of Products shall be accepted without prior
information to the Seller, even in case of delayed delivery.
Any Product returned to the Seller without providing prior
information to the Seller as required under article 2.5 shall
remain at the Buyers risk.
accident, riot, war, government intervention, embargoes, strikes,
3. PRICE, INVOICING AND PAYMENT
3.1 Prices are given in the orders corresponding to each Product
sold on a unit basis or corresponding to annual subscriptions.
They are expressed to be inclusive of all taxes. The prices
may be reevaluated from time to time. The effective price is
deemed to be the one applicable at the time of the order.
3.2 Yole may offer a pre release discount for the companies willing
to acquire in the future the specific report and agreeing on the
fact that the report may be release later than the anticipated
release date. In exchange to this uncertainty, the company will
get a discount that can vary from 15% to 10%.
3.3 Payments due by the Buyer shall be sent by cheque payable to
Yole Dveloppement, credit card or by electronic transfer to
the following account:
HSBC, 1 place de la Bourse 69002 Lyon France
Bank code: 30056
Branch code: 00170
Account n: 0170 200 1565 87
BIC or SWIFT code: CCFRFRPP
IBAN: FR76 3005 6001 7001 7020 0156 587
To ensure the payments, the Seller reserves the right to request
down payments from the Buyer. In this case, the need of down
payments will be mentioned on the order.
3.4 Payment is due by the Buyer to the Seller within 30 days
from invoice date, except in the case of a particular written
agreement. If the Buyer fails to pay within this time and fails
to contact the Seller, the latter shall be entitled to invoice
interest in arrears based on the annual rate Refi of the BCE
+ 7 points, in accordance with article L. 441-6 of the French
Commercial Code. Our publications (report, database, tool...)
are delivered only after reception of the payment.
3.5 In the event of termination of the contract, or of misconduct,
during the contract, the Seller will have the right to invoice
at the stage in progress, and to take legal action for damages.
4. LIABILITIES
4.1 The Buyer or any other individual or legal person acting on
its behalf, being a business user buying the Products for its
business activities, shall be solely responsible for choosing the
Products and for the use and interpretations he makes of the
documents it purchases, of the results he obtains, and of the
advice and acts it deduces thereof.
4.2 The Seller shall only be liable for (i) direct and (ii) foreseeable
pecuniary loss, caused by the Products or arising from a
material breach of this agreement
4.3 In no event shall the Seller be liable for:
a) damages of any kind, including without limitation, incidental
or consequential damages (including, but not limited to,
damages for loss of profits, business interruption and loss of
programs or information) arising out of the use of or inability
to use the Sellers website or the Products, or any information
provided on the website, or in the Products;
b) any claim attributable to errors, omissions or other
inaccuracies in the Product or interpretations thereof.
4.4 All the information contained in the Products has been
obtained from sources believed to be reliable. The Seller
does not warrant the accuracy, completeness adequacy or
reliability of such information, which cannot be guaranteed to
be free from errors.
4.5 All the Products that the Seller sells may, upon prior notice
to the Buyer from time to time be modified by or substituted
with similar Products meeting the needs of the Buyer. This
modification shall not lead to the liability of the Seller,
provided that the Seller ensures the substituted Product is
similar to the Product initially ordered.
4.6 In the case where, after inspection, it is acknowledged that
the Products contain defects, the Seller undertakes to replace
the defective products as far as the supplies allow and without
indemnities or compensation of any kind for labor costs,
delays, loss caused or any other reason. The replacement is
guaranteed for a maximum of two months starting from the
delivery date. Any replacement is excluded for any event as set
out in article 5 below.
4.7 T
 he deadlines that the Seller is asked to state for the mailing
of the Products are given for information only and are not
guaranteed. If such deadlines are not met, it shall not lead to
any damages or cancellation of the orders, except for non
acceptable delays exceeding [4] months from the stated
deadline, without information from the Seller. In such case only,
the Buyer shall be entitled to ask for a reimbursement of its first
down payment to the exclusion of any further damages.
4.8 The Seller does not make any warranties, express or implied,
including, without limitation, those of sale ability and fitness for
a particular purpose, with respect to the Products. Although
the Seller shall take reasonable steps to screen Products for
infection of viruses, worms, Trojan horses or other codes
containing contaminating or destructive properties before
making the Products available, the Seller cannot guarantee
that any Product will be free from infection.
5. FORCE MAJEURE
The Seller shall not be liable for any delay in performance directly
or indirectly caused by or resulting from acts of nature, fire, flood,
labor difficulties, equipment failure, late deliveries by suppliers or
other difficulties which are beyond the control, and not the fault
of the Seller.
6. PROTECTION OF THE SELLERS IPR
6.1 A
 ll the IPR attached to the Products are and remain the
property of the Seller and are protected under French and
international copyright law and conventions.
6.2 The Buyer agreed not to disclose, copy, reproduce,
redistribute, resell or publish the Product, or any part of it
to any other party other than employees of its company. The
Buyer shall have the right to use the Products solely for its
own internal information purposes. In particular, the Buyer
shall therefore not use the Product for purposes such as:
Information storage and retrieval systems;
Recordings and re-transmittals over any network (including
any local area network);
Use in any timesharing, service bureau, bulletin board or
similar arrangement or public display;
Posting any Product to any other online service (including
bulletin boards or the Internet);
Licensing, leasing, selling, offering for sale or assigning the
Product.
6.3 The Buyer shall be solely responsible towards the Seller of
all infringements of this obligation, whether this infringement
comes from its employees or any person to whom the Buyer
has sent the Products and shall personally take care of any
related proceedings, and the Buyer shall bear related financial
consequences in their entirety.
6.4 T
 he Buyer shall define within its company point of contact for
the needs of the contract. This person will be the recipient
of each new report in PDF format. This person shall also be
responsible for respect of the copyrights and will guaranty that
the Products are not disseminated out of the company.
6.5 In the context of annual subscriptions, the person of contact
shall decide who within the Buyer, shall be entitled to access
on line the reports on I-micronews.com. In this respect, the
Seller will give the Buyer a maximum of 10 password, unless
the multiple sites organization of the Buyer requires more
passwords. The Seller reserves the right to check from time
to time the correct use of this password.
6.6 In the case of a multisite, multi license, only the employee
of the buyer can access the report or the employee of the
companies in which the buyer have 100% shares. As a matter
of fact the investor of a company, the joint venture done with
a third party etc..cannot access the report and should pay a
full license price.
7. TERMINATION
7.1 If the Buyer cancels the order in whole or in part or postpones
the date of mailing, the Buyer shall indemnify the Seller for
the entire costs that have been incurred as at the date of
notification by the Buyer of such delay or cancellation. This
may also apply for any other direct or indirect consequential
loss that may be borne by the Seller, following this decision.
7.2 In the event of breach by one Party under these conditions
or the order, the non-breaching Party may send a notification
to the other by recorded delivery letter upon which, after a
period of thirty (30) days without solving the problem, the
non-breaching Party shall be entitled to terminate all the
pending orders, without being liable for any compensation.
8. MISCELLANEOUS
All the provisions of these Terms and Conditions are for the
benefit of the Seller itself, but also for its licensors, employees
and agents. Each of them is entitled to assert and enforce those
provisions against the Buyer.
Any notices under these Terms and Conditions shall be given in
writing. They shall be effective upon receipt by the other Party.
The Seller may, from time to time, update these Terms and
Conditions and the Buyer, is deemed to have accepted the latest
version of these terms and conditions, provided they have been
communicated to him in due time.
9. GOVERNING LAW AND JURISDICTION
9.1 
Any dispute arising out or linked to these Terms and
Conditions or to any contract (orders) entered into in
application of these Terms and Conditions shall be settled
by the French Commercial Courts of Lyon, which shall have
exclusive jurisdiction upon such issues.
9.2 French law shall govern the relation between the Buyer and
the Seller, in accordance with these Terms and Conditions.
 From Technologies to Market

Presentation of Yole
Dveloppement
With Focus on Sapphire
LED, OLED and Display /
Lighting Activities

Corporate Presentation
Yole Dveloppement
From Technologies to Market

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 25

 FIELDS OF EXPERTISE

Imaging Photonics

MEMS &
Sensors
MedTech
Compound
Our 30 analysts Semi.
operate in the
following areas. Manufacturing

LED &
OLED

Power Advanced
Electronics Packaging
PV
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 26
4 BUSINESS MODELS
Consulting and Analysis Financial services
Market data & research, marketing analysis M&A (buying and selling)
Technology analysis Due diligence
Strategy consulting Fundraising
Reverse engineering & costing Maturation of companies
Patent analysis IP portfolio management & optimization
www.yole.fr www.yolefinance.com

Reports Media
Market & Technology reports i-Micronews.com website
Patent Investigation and patent infringement risk @Micronews e-newsletter
analysis
Technology magazines
Teardowns & Reverse Costing Analysis
Communication & webcast services
Cost Simulation Tool
Events
www.i-Micronews.com/reports
www.i-Micronews.com

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 27

A GROUP OF COMPANIES

M&A operations
Due diligences
www.yolefinance.com

Fundraising
Maturation of companies
IP portfolio management & optimization
Market, www.bmorpho.com

technology and
strategy Manufacturing costs analysis
Teardown and reverse engineering
consulting
Cost simulation tools
www.systemplus.fr
www.yole.fr

IP analysis
Patent assessment
www.knowmade.fr

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 28

OUR GLOBAL ACTIVITY

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 29

RESEARCH PRODUCTS - CONTENT COMPARISON

Breadth of the analysis

Standard Reports

Workshops

Depth of the analysis

Custom
Analysis

Custom analysis scope is defined with

you to meet your information and
budget needs

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 30

 SERVING THE ENTIRE SUPPLY CHAIN

Integrators and
end-users

Device
makers
Our analysts
provide market
analysis,
technology
evaluation, and Suppliers: material,
business plan equipment, OSAT,
along the entire foundries
supply chain.

Financial investors,
R&D centers

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 31

CONTACT INFORMATION
Consulting and Specific Analysis
North America: Steve LaFerriere, Director of Northern America Business Development,Yole Inc.
Email: laferriere@yole.fr
Japan:Yutaka Katano, General Manager,Yole Japan & President,Yole K.K.
Email: katano@yole.fr
RoW: Jean-Christophe Eloy, President & CEO,Yole Dveloppement
Email: eloy@yole.fr

Report business
North America: Steve LaFerriere, Director of Northern America Business Development,Yole Inc.
Follow us on
Email: laferriere@yole.fr
Europe: Fayal El Khamassi, Headquarter Sales Coordination & Customer Service
Email: khamassi@yole.fr
Japan & Asia:Takashi Onozawa, Sales Asia & General Manager,Yole K.K.
Email: onozawa@yole.fr
Korea: Hailey Yang, Business Development Manager, Korean Office
Email: yang@yole.fr

Financial services
Jean-Christophe Eloy, CEO & President
Email: eloy@yole.fr

General
Email: info@yole.fr 2016 | www.yole.fr | Automotive Lighting 2016 - Sample 32
About Sapphire, LED / OLED and
Display / Lighting Activities

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 33

 FOCUS ON SAPPHIRE, LED / OLED AND DISPLAY / LIGHTING ACTIVITIES
Yole is active throughout the value chain (Example of LED and Sapphire activities)

Substrate Front-end Level 0 - Epitaxy Front-end Level 1 - Device Production

Nucleation layer Inspection
n-type layer Masking / Lithography
Active layers (MQW) Etching
p-type layer Metallization / Contacts / Mirrors

SiC / Sapphire / Silicon / LED epi- Mesa LED, Flip Chip LED,
Bulk GaN / Engineered wafer Vertical LED structures
We are active substrates
throughout the
value chain:
from substrates Back-End level 1 - Packaging Back-End Level 0 - Packaging
Die Attach & Interconnections Substrate separation & Bonding
to systems! And Phosphors Die singulation
we interact Encapsulation & Optics Testing & Binning
Testing & Binning
with industrial /
R&D players LED dies LED dies-
from each level! on-wafer

Module Packaging
Substrates (PCB)
Encapsulation & Optics
Heatsink
Testing & Binning

Packaged LEDs LED modules LED systems and applications

2016 | www.yole.fr | Automotive Lighting 2016 - Sample 34

 FOCUS ON SAPPHIRE, LED / OLED AND DISPLAY / LIGHTING ACTIVITIES
Insights on Forecast Methodology
APPLICATION

Definition of LED
Forecast of standard Definition of functions using penetration rate and
Definition of technical
product market volume LEDs competitiveness with
Whats Behind requirements
(unit) Ex.: Flash vs. Keypad for
Ex.: Efficacy, size () alternative technologies
the Crystal Ball? Ex.: Smartphone, TVs, lamps () smartphone () Ex.: OLED vs. LED in smartphone
()
Only analysts that
follow the
industry on a daily
basis (trough Definition of LED
Forecast of LED market volume (unit) Forecast of LED market size ($)
interviews and Split by application, power type (low vs. medium vs. high
ASP Split by application, power type, package type
developed market power), package type (single vs. multi-die) ( ) Per power type, packaged ( )
modeling tools type ()
based on Definition of sale
discussions with levels of key
key players of the Definition of manufacturing flows for Forecast of LED manufacturing
manufacturers ($)
System Plus Consulting
industry. expertise in reverse
Ex: LED, packaging
front-end and packaging (process, equipment and material markets materials, epitaxy
costing / reverse technologies, materials, yields) (unit and $) materials, manufacturing
engineering Split by application, power type, package type () Ex.: Phosphors, encapsulant, dicing equipment equipment, MOCVD
reactor, substrate ()

Definition of substrate die surface (mm) Forecast of LED substrate

Definition of LED die
and epiwafer volume (unit) markets (unit and $)
surface (mm)
Split by type of substrate () Split by type of substrate ()
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 35
 FOCUS ON SAPPHIRE, LED / OLED AND DISPLAY / LIGHTING ACTIVITIES
About Yoles Analyst Team

Pars MUKISH - Business Unit Manager

Pars MUKISH holds a master degree in Materials Science & Polymers (ITECH - France) and a master degree in Innovation
& Technology Management (EM Lyon - France). Since 2015, Pars MUKISH has taken on responsibility for developing LED,
OLED and Sapphire activities as Business Unit Manager at Yole Dveloppement. Previously, he has worked as Marketing
Analyst and Techno-Economic Analyst for several years at the CEA (French Research Center).

Dr. Eric VIREY - Senior Market & Technology Analyst

A team based Eric VIREY holds a Ph-D in Optoelectronics from the National Polytechnic Institute of Grenoble (INPG - France). He
on persons works as Market and Technology Analyst in the fields of Sapphire, LED / OLED and Display. In the last 12 years, he has held
having various R&D, engineering, manufacturing and marketing positions with Saint-Gobain. Most recently, he was Market Manager at
complementary Saint-Gobain Crystals, in charge of Sapphire and Optoelectronic products.
skills and
expertise. Dr. Milan ROSINA - Senior Market & Technology Analyst
Milan ROSINA holds a Ph-D in Optoelectronics from the National Polytechnic Institute of Grenoble (INPG - France). He
works as Market and Technology Analyst in the fields of Energy Conversion, LED / OLED and Emerging Materials. Before
joining Yole Dveloppement, he has worked as research scientist and project manager in PV, microelectronics and LED
industries. He has more than 15 year experience with prominent research institutions and a utility company.

Pierrick BOULAY - Market & Technology Analyst

Pierrick BOULAY holds a master degree in Electronics from ESEO (France). He works as Market and Technology Analyst
in the fields of LED, OLED and Lighting Systems to carry out technical, economic and marketing analysis. He has experience
in both LED lighting (general lighting, automotive lighting) and OLED lighting. In the past, he has mostly worked in R&D
department for LED lighting applications. 2016 | www.yole.fr | Automotive Lighting 2016 - Sample 36
 FOCUS ON SAPPHIRE, LED / OLED AND DISPLAY / LIGHTING ACTIVITIES
Report collection
Already published -Yole Dveloppement: 2016 Publication - To be published - Yole Dveloppement :
Status of the LED Industry OLED For Lighting - Published in February 2016
LED in Road and Street Lighting Automotive Lighting - Published in April 2016
LED Front End Manufacturing Trends UV LED (Q2 - 2016)
LED Front End Equipment Market trends Sapphire (Q2 / Q3 - 2016)
GaN-on-Si Technology and Market LED Packaging (Q3 - 2016)
A collection of
Phosphors & QDs - Market and Technology Landscape MicroDisplays and MicroLEDs (Q3 - 2016)
more than 15
reports on LED Module Market,Technology and Industry
Sapphire, LED,
OLED, Display and Phosphors & QDs - IP Landscape
Lighting.
From System Plus Consulting:
LED CoSim+ & Reverse Engineering / Reverse Costing reports

Our reports are unmatched in quality and technology depth and typically include:
Technology trends and evolution: costs, barriers, roadmaps ().
Supply & value chain analysis: business models, relationships, value flows ().
In-depth analysis of applications and market drivers: challenges, inflection points ().
Market data ($, units, wafer starts)
2016 | www.yole.fr | Automotive Lighting 2016 - Sample 37