Automotive LED Lighting Market Size, Share, Growth Analysis, By Technology type (OLED LED , MATRIX LED), By Vehicle Type( Passenger cars, Light Commercial Vehicles), By Type( Front Adaptive Lighting, Rear Adaptive Lighting,)By Application(Front Lighting, Rear Lighting, Side Lighting, Interior Lighting), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25A2184 | Region: Global | Published Date: November, 2024
Pages: 223 |Tables: 93 |Figures: 76

Automotive LED Lighting Market Insights

Global Automotive LED Lighting Market size was valued at USD 16.75 billion in 2022 and is poised to grow from USD 18.19 billion in 2023 to USD 35.19 billion by 2031, growing at a CAGR of 8.6% during the forecast period (2024-2031). 

The global Automotive LED Lighting Market has witnessed enormous increase in recent years, driven via a aggregate of technological advancements, growing patron cognizance of strength-efficient lighting answers, and the developing automobile industry. As car producers preserve to prioritize protection, efficiency, and aesthetics, LED lighting has emerged as a preferred preference for each indoors and exterior automobile programs.

One key motive force of the marketplace is the rising call for for power-green lighting solutions. LED technology offers big advantages over traditional lighting options, such as incandescent and halogen bulbs, with the aid of offering higher luminosity and longer lifespan while consuming much less strength. This not simplest aligns with global sustainability desires however also addresses the growing recognition on gasoline performance in motors.

Market Snapshot - 2024-2031

Global Market Size

USD 16.75 billion

Largest Segment

Passenger Cars

Fastest Growth

Electric Vehicles (EVs)

Growth Rate

8.6% CAGR

Global Automotive Led Lighting Market ($ Bn)
Country Share for Asia Pacific Region (%)

To get more reports on the above market click here to Buy The Report

Automotive LED Lighting Market Segmental Analysis

Global Automotive LED Lighting Market is segmented by Technology type, by application, by Vehicle Type, by type and by Region. Based on Technology Type , the market is segmented into OLED LED, Matrix LED. Based on application, the market is segmented into Front Lighting, Rear Lighting, Side Lighting, and Interior Lighting. Based on Vehicle Type, the market is segmented into Passenger cars, Light Commercial Vehicles, Trucks, Buses, and Two-wheels. Based on Type, the market is segmented into Front Adaptive Lighting (Auto On/Off, Bending/Cornering Lights, High Beam Assists, Headlight Levelling), Rear Adaptive Lighting, and Ambient Lighting.  Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.  

Analysis by Type

Headlights are expected to dominate the Automotive LED Lighting marketplace. Continuous improvements in LED technology have appreciably improved the overall performance of headlights, providing higher illumination, electricity performance, and sturdiness compared to standard lighting fixtures solutions. This technological facet positions LED headlights as the preferred desire amongst automobile producers and consumers alike.

As the automotive enterprise undergoes a significant shift closer to electric powered mobility, the lighting fixtures requirements for Electric Vehicles (EVs) are getting increasingly more crucial. EV producers are centered on maximizing strength performance to extend the driving range. LED lighting, recognized for its electricity performance, turns into crucial in EVs wherein each watt subjects. LED lights devour less power, contributing to the general power performance of electric automobiles.

Analysis by Vehicle type

Passenger cars are expected to dominate the Automotive LED Lighting. High Production Volume: Passenger automobiles have the best manufacturing extent within the automotive industry. The sheer quantity of passenger cars manufactured and sold globally contributes extensively to the dominance of LED lighting fixtures in this phase.

Electric Vehicles (EVs) are expected to be the quickest-growing automobile kind in phrases of LED lighting fixtures adoption. EV Market Expansion: The international shift in the direction of sustainable transportation has accelerated the adoption of electric cars. As the market for EVs expands, the call for for associated components, such as advanced LED lighting fixtures structures, is poised to develop rapidly.

Global Automotive Led Lighting Market By Vehicle type

To get detailed analysis on other segments, Request For Free Sample Report

Automotive LED Lighting Market Regional Insights

Asia-Pacific, especially international locations like China and India, has witnessed rapid boom inside the car industry. The increasing manufacturing and income of automobiles on this place, driven with the aid of growing disposable incomes and urbanization, contribute substantially to the dominance of the LED lights market.

Europe has some of the strictest safety and emission standards for vehicles. The place's dedication to street protection and environmental sustainability pushes automobile manufacturers to adopt advanced lighting technology which include LED. Compliance with those standards fuels the call for for LED lighting fixtures solutions within the European automotive market.

Global Automotive Led Lighting Market By Region
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Automotive LED Lighting Market Dynamics

Drivers

Increasing Led Technology Plays A Pivotal Role

  • The ever-advancing LED technology plays a pivotal role. The non-stop evolution of LED lighting fixtures structures provides automakers with revolutionary answers, ensuring advanced overall performance, electricity efficiency, and sturdiness. Additionally, stringent protection guidelines across the globe act as a enormous driver, compelling automotive manufacturers to integrate superior lighting fixtures answers, especially LED, to beautify car protection standards.

Restraints

High Initial Cost Of Led Technology

  • One of the main marketplace restraints is the initial excessive price of LED generation. The in advance funding required for implementing LED lighting fixtures answers in vehicles can be a deterrent for each manufacturers and customers, hindering sizeable adoption. Additionally, the complexity of LED systems poses a mission in phrases of protection and repair, potentially increasing the general price of ownership.

Request Free Customization of this report to help us to meet your business objectives.

Automotive LED Lighting Market Competitive Landscape

The aggressive environment of the Automotive Led Lighting market is dynamic and is characterized by using excessive contention and a numerous array of key players vying for marketplace percentage. Major businesses together with Osram GmbH, Philips Lighting NV, and Koito Manufacturing Co. Ltd. Are at the forefront, leveraging their technological prowess and full-size industry revel in. These marketplace leaders regularly attention on non-stop research and development to stay ahead in terms of innovation, introducing cutting-edge LED lighting fixtures solutions for both exterior and indoors automotive applications.

Top Player’s Company Profiles

  • Valeo 
  • Koninklijke Philips N.V. 
  • Robert Bosch GmbH 
  • Stanley Electric Co., Ltd. 
  • Hyundai Mobis 
  • Magneti Marelli Holdings Co., Ltd. 
  • NXP Semiconductors 
  • Denso Corporation 
  • APTiV PLC 
  • Koito Manufacturing Co., Ltd. 
  • Federal-Mogul Corporation (Tenneco Inc.) 
  • Grupo Antolin 
  • Varroc Group 
  • Lumax Industries Ltd. 
  • Nichia Corporation 

Recent Developments

  • July 2023: Marelli, in collaboration with ams OSRAM, unveils a groundbreaking advancement in automotive front lights – the h-Digi® microLED module, now in complete-scale manufacturing. This revolutionary digital lighting fixtures answer, presenting an wise multipixel LED, facilitates adaptive and dynamic headlight capability in addition to picture projection.
  • October 2023: Following the approval from Chinese regulatory authorities in past due November, Broadcom, a prominent IC layout business enterprise, has efficiently finalized the purchase of VMware, a key participant in cloud computing.

Automotive LED Lighting Key Market Trends

  • Rising Integration Of Advanced Technologies In Led Lighting Systems: The increasing integration of advanced technologies in LED lighting systems. Automotive producers are incorporating features inclusive of adaptive lighting fixtures, dynamic flip signals, and clever lighting manage systems, enhancing both protection and person enjoy. Another considerable trend is the growing emphasis on electricity efficiency and sustainability. LED technology inherently offers power financial savings, aligning with the automotive industry's push towards environmentally pleasant.

Automotive LED Lighting Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

Global Automotive Led Lighting market evaluation exhibits a dynamic market with a number of standout trends and problems. The marketplace is propelled through improvements in LED era, stringent protection policies, and increasing purchaser choice for electricity-green answers. However, high preliminary costs and protection complexities restrain growth. Dominated by the headlights phase, product kinds include tail lighting and interior lighting fixtures.

Asia-Pacific leads the marketplace due to a booming automotive industry. Key traits contain the mixing of smart technology, emphasis on strength efficiency, and a growing demand for customizable lights answers, using the market closer to innovation and sustainable practices.

Report Metric Details
Market size value in 2022 USD 16.75 billion
Market size value in 2031 USD 35.19 billion
Growth Rate 8.6%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Technology Type
    • OLED LED, Matrix LED
  • Vehicle Type
    • Passenger cars, Light Commercial Vehicles, Trucks, Buses, Two-wheels
  • Type
    • Front Adaptive Lighting (Auto On/Off, Bending/Cornering Lights, High Beam Assists, Headlight Levelling), Rear Adaptive Lighting, Ambient Lighting
  • Application
    • Front Lighting, Rear Lighting, Side Lighting, Interior Lighting
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Valeo 
  • Koninklijke Philips N.V. 
  • Robert Bosch GmbH 
  • Stanley Electric Co., Ltd. 
  • Hyundai Mobis 
  • Magneti Marelli Holdings Co., Ltd. 
  • NXP Semiconductors 
  • Denso Corporation 
  • APTiV PLC 
  • Koito Manufacturing Co., Ltd. 
  • Federal-Mogul Corporation (Tenneco Inc.) 
  • Grupo Antolin 
  • Varroc Group 
  • Lumax Industries Ltd. 
  • Nichia Corporation 
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

 

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automotive LED Lighting Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automotive LED Lighting Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automotive LED Lighting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive LED Lighting Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive LED Lighting Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automotive LED Lighting Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$5,300
BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?
REQUEST FREE CUSTOMIZATION

FAQs

Global Automotive LED Lighting Market size was valued at USD 16.75 billion in 2022 and is poised to grow from USD 18.19 billion in 2023 to USD 35.19 billion by 2031, growing at a CAGR of 8.6% during the forecast period (2024-2031). 

The aggressive environment of the Automotive Led Lighting market is dynamic and is characterized by using excessive contention and a numerous array of key players vying for marketplace percentage. Major businesses together with Osram GmbH, Philips Lighting NV, and Koito Manufacturing Co. Ltd. Are at the forefront, leveraging their technological prowess and full-size industry revel in. These marketplace leaders regularly attention on non-stop research and development to stay ahead in terms of innovation, introducing cutting-edge LED lighting fixtures solutions for both exterior and indoors automotive applications. 'Valeo ', 'Koninklijke Philips N.V. ', 'Robert Bosch GmbH ', 'Stanley Electric Co., Ltd. ', 'Hyundai Mobis ', 'Magneti Marelli Holdings Co., Ltd. ', 'NXP Semiconductors ', 'Denso Corporation ', 'APTiV PLC ', 'Koito Manufacturing Co., Ltd. ', 'Federal-Mogul Corporation (Tenneco Inc.) ', 'Grupo Antolin ', 'Varroc Group ', 'Lumax Industries Ltd. ', 'Nichia Corporation '

The ever-advancing LED technology plays a pivotal role. The non-stop evolution of LED lighting fixtures structures provides automakers with revolutionary answers, ensuring advanced overall performance, electricity efficiency, and sturdiness. Additionally, stringent protection guidelines across the globe act as a enormous driver, compelling automotive manufacturers to integrate superior lighting fixtures answers, especially LED, to beautify car protection standards.

Rising Integration Of Advanced Technologies In Led Lighting Systems: The increasing integration of advanced technologies in LED lighting systems. Automotive producers are incorporating features inclusive of adaptive lighting fixtures, dynamic flip signals, and clever lighting manage systems, enhancing both protection and person enjoy. Another considerable trend is the growing emphasis on electricity efficiency and sustainability. LED technology inherently offers power financial savings, aligning with the automotive industry's push towards environmentally pleasant.

Asia-Pacific, especially international locations like China and India, has witnessed rapid boom inside the car industry. The increasing manufacturing and income of automobiles on this place, driven with the aid of growing disposable incomes and urbanization, contribute substantially to the dominance of the LED lights market.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Automotive LED Lighting Market

Report ID: SQMIG25A2184

sales@skyquestt.com
USA +1 351-333-4748

BUY NOW GET FREE SAMPLE