Osram's automotive solid-state lighting (SSL) module business is to be transferred to the joint venture, which will be called Osram Continental GmbH. Continental will contribute the lighting control business from its Body & Security division. The new company would combine semiconductor-based light modules, advanced electronics, optical and software expertise with access to sensors and innovative light sources. Osram Continental is to offer a portfolio of lighting solutions, particularly for use in front and rear headlamps. The aim is to bring coordinated and innovative offers and solutions to market faster through joint development. The joint venture will operate as an independent company on the market.
The lighting market in the automotive industry is undergoing rapid technological change. Similar to general lighting, the market is moving towards semiconductor-based lighting solutions. Semiconductor-based technologies, software and electronics are becoming increasingly important due to increasingly intelligent lighting functions in cars and new light-based design and application options. The market for semiconductor-based front lighting solutions is growing at double-digit rates every year. As early as 2025, more than one in two new vehicles worldwide could be equipped with semiconductor-based lighting solutions, according to market studies.