Global LED Lighting for Automotive Market Growth 2024-2030

Global LED Lighting for Automotive Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global LED Lighting for Automotive market size was valued at US$ 8672.5 million in 2023. With growing demand in downstream market, the LED Lighting for Automotive is forecast to a readjusted size of US$ 11290 million by 2030 with a CAGR of 3.8% during review period.

The research report highlights the growth potential of the global LED Lighting for Automotive market. LED Lighting for Automotive are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of LED Lighting for Automotive. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the LED Lighting for Automotive market.

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 0.7 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.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

Key Features:

The report on LED Lighting for Automotive market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the LED Lighting for Automotive market. It may include historical data, market segmentation by Type (e.g., Exterior Lighting, Interior Lighting), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the LED Lighting for Automotive market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the LED Lighting for Automotive market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the LED Lighting for Automotive industry. This include advancements in LED Lighting for Automotive technology, LED Lighting for Automotive new entrants, LED Lighting for Automotive new investment, and other innovations that are shaping the future of LED Lighting for Automotive.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the LED Lighting for Automotive market. It includes factors influencing customer ' purchasing decisions, preferences for LED Lighting for Automotive product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the LED Lighting for Automotive market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting LED Lighting for Automotive market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the LED Lighting for Automotive market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the LED Lighting for Automotive industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the LED Lighting for Automotive market.

Market Segmentation:

LED Lighting for Automotive market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Exterior Lighting
Interior Lighting

Segmentation by application
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

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.
OSRAM
Nichia
Lumileds
Koito
Magneti Marelli
Valeo
Hella
Stanley
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 LED Lighting for Automotive market?

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

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

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

How does LED Lighting for Automotive break out type, application?

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