Automotive LED Lighting Market By Position (Front, Rear, Side, Interior), By Sales Channel (OEM, Aftermarket), By Vehicle Type (Passenger Car, Commercial Vehicle), By Propulsion Type (ICE, Electric, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
A light emitting diode (LED) is a semiconductor light source that emits light when current passes through it. LED lights are tiny bulbs that generate light with the movement of electricity. Absence of filament or gas for heating reduces the temperature of bulbs and requires less electricity for lighting. This allows LEDs to be placed in plastic cases with higher durability compared to the glass.
The market economy is responsible for growth of the automotive LED lighting market. Countries such as China, India, Brazil, and South Africa are growing economies. Thus, the manufacturing sector has witnessed prominent growth in these countries, which is expected to provide lucrative opportunities for growth of the automotive industry and is expected fuel the automotive LED lighting market. In addition, in some undeveloped countries, there is an increase in automobile sales, which is expected to boost the automotive LED lighting market.
The automotive LED lighting market is segmented on the basis of position, sales channel, vehicle type, propulsion type, and region. By position, it is divided into front, rear, side, and interior. By sales channel, it is bifurcated into OEM and aftermarket. By vehicle type, it is categorized into passenger cars, and commercial vehicles. By propulsion type, it is fragmented into ICE, electric, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights key areas of investments. In addition, it includes Porter’s five forces analysis to understand competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights competitive landscape of key players to increase their market share and sustain intense competition in the industry.
Key players that operate in this market include APTIV, Denso Corporation, Federal-Mogul Corporation (Tenneco Inc.), Grupo Antolin, HELLA GmbH & Co. KGaA, Hyundai Mobis, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Marelli Holdings Co., Ltd., NXP Semiconductors, Osram GmbH, Robert Bosch GmbH, Stanley Electric Co., Ltd., Valeo, and ZKW.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the automotive LED lighting market analysis from 2021 to 2031 to identify the prevailing automotive LED lighting market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the automotive LED lighting market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global automotive LED lighting market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Position
Front
Rear
Side
Interior
By Sales Channel
OEM
Aftermarket
By Vehicle Type
Passenger Car
Commercial Vehicle
By Propulsion Type
ICE
Electric
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
Netherlands
UK
Poland
Spain
Rest Of Europe
Asia-Pacific
China
India
Japan
South Korea
Asean
Rest Of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
APTIV PLC
DENSO CORPORATION
FEDERAL-MOGUL CORPORATION
GRUPO ANTOLIN
HELLA GmbH
HYUNDAI MOBIS
KOITO MANUFACTURING CO., LTD.
Koninklijke Philips N.V.
MAGNETI HOLDINGS CO., LTD.
NXP SEMICONDUCTORS
OSRAM GmbH
Robert Bosch GmbH
Stanley Electric Co., Ltd.
VALEO
ZKW
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