Global Automotive LED Lighting Market Growth 2023-2029

Global Automotive LED Lighting Market Growth 2023-2029

The automotive lighting system of a motor vehicle consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. This lights the roadway for the driver and increases the conspicuity of the vehicle, allowing other drivers and pedestrians to see a vehicle's presence, position, size, direction of travel, and the driver's intentions regarding direction and speed of travel. Emergency vehicles usually carry distinctive lighting equipment to warn drivers and indicate priority of movement in traffic.

A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p–n junction diode, which emits light when activated. When a suitable voltage is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the color of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor.

Because of their long life, fast switching times, and their ability to be seen in broad daylight due to their high output and focus, LEDs have been used in brake lights for cars' high-mounted brake lights, and in turn signals for some time, but many vehicles now use LEDs for their rear light clusters. The use in brakes improves safety, due to a great reduction in the time needed to light fully, or faster rise time, up to 0.5 second faster than an incandescent bulb. This gives drivers behind more time to react. In a dual intensity circuit (rear markers and brakes) if the LEDs are not pulsed at a fast enough frequency, they can create a phantom array, where ghost images of the LED will appear if the eyes quickly scan across the array. White LED headlamps are starting to be used. Using LEDs has styling advantages because LEDs can form much thinner lights than incandescent lamps with parabolic reflectors.

In a word, Automotive LED lighting is the automotive lighting using LED.

LPI (LP Information)' newest research report, the “Automotive LED Lighting Industry Forecast” looks at past sales and reviews total world Automotive LED Lighting sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive LED Lighting sales for 2023 through 2029. With Automotive LED Lighting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive LED Lighting industry.

This Insight Report provides a comprehensive analysis of the global Automotive LED Lighting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive LED Lighting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive LED Lighting market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive LED Lighting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive LED Lighting.

The global Automotive LED Lighting market size is projected to grow from US$ 8672.5 million in 2022 to US$ 16860 million in 2029; it is expected to grow at a CAGR of 16860 from 2023 to 2029.

Europe is the largest Automotive LED Lighting market with about 46% market share. Japan is follower, accounting for about 19% market share.

The key players are Koito, Magneti Marelli, Valeo, Hella, Stanley, OSRAM, ZKW Group, Varroc, Car Lighting District, GUANGZHOU LEDO ELECTRONIC, CN360, Easelook, TUFF PLUS, Dahao Automotive, Bymea Lighting, Sammoon Lighting, FSL Autotech, Hoja Lighting etc. Top 3 companies occupied about 50% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive LED Lighting market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Exterior Lighting

Interior Lighting

Segmentation by application

Passenger Car

Commercial Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Koito

Magneti Marelli

Valeo

Hella

Stanley

OSRAM

ZKW Group

Varroc

Car Lighting District

GUANGZHOU LEDO ELECTRONIC

CN360

Easelook

TUFF PLUS

Dahao Automotive

Bymea Lighting

Sammoon Lighting

FSL Autotech

Hoja Lighting

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive LED Lighting market?

What factors are driving Automotive LED Lighting market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive LED Lighting market opportunities vary by end market size?

How does Automotive LED Lighting break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.