Market Overview:
The global LED car lighting market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for energy-efficient and low-emitting lighting solutions, rising concerns over vehicular emissions, and growing demand for luxury cars. The exterior lighting segment is expected to account for the largest share of the global LED car lighting market in 2018. This can be attributed to the increasing demand for energy-efficient and low-emitting exterior lights in passenger cars. The interior lighting segment is projected to grow at a higher CAGR than any other segment during the forecast period from 2018 to 2030.
Product Definition:
LED car lighting is a type of automotive lighting that uses light-emitting diodes (LEDs) as the light source. LED car lights are usually brighter and have a longer life than traditional incandescent bulbs, making them a popular choice for automotive applications.
Exterior Lighting:
Exterior lighting is the general term for all the lights that are attached to or built into the vehicle's body. It can be seen from a distance and helps in enhancing safety while driving at night, during bad weather conditions, and in case of an accident. Exterior lighting also gives a professional look to vehicles which attracts customers towards it. The growth factor of exterior lighting is its usage during any time or any place where there is no light source available with us; i.e.
Interior Lighting:
Interior lighting is the general term used for any light source that illuminates the interior of a vehicle. Interior lights can be seen even in day time and they help in creating a comfortable environment inside the car, thus enhancing driver’s experience. The usage of LED interior lighting has increased exponentially due to its characteristics such as longer life span, energy efficiency, and low power consumption as compared to other sources such as HID or halogen bulbs.
Application Insights:
Passenger car application segment led the market and accounted for more than 70.0% share of the global revenue in 2017. The growing requirement of LED lights for exterior and interior applications is expected to drive product demand over the forecast period. Furthermore, increasing production capacities in China, Taiwan, South Korea, Japan and Malaysia are anticipated to fuel industry expansion over the coming years.
The commercial vehicle application segment is projected to witness significant growth over the forecast period owing to rising demand from logistics companies for instance; forklifts used by these companies are equipped with LED lights so that they can be driven at night without blinding other drivers or pedestrians with their bright headlights.
Regional Analysis:
The Asia Pacific regional led car lighting market is anticipated to witness significant growth over the forecast period owing to increasing demand for LED lights from various application segments including passenger cars, commercial vehicles, and motorcycles. The growing adoption of LEDs in countries such as China and India is expected to drive the overall regional market. Furthermore, favorable government regulations aimed at reducing carbon footprint along with rising disposable income are expected to further fuel the growth of automotive industry in this region thereby driving product demand.
North America accounted for a revenue share of over 18% in 2017 owing to early adoption by major manufacturers coupled with high disposable income of consumers in this region.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED car lighting over traditional light sources
- Technological advancements in LED car lighting systems
- Growing demand for luxury and customized cars
- Stringent government regulations mandating the use of energy-efficient automotive lighting systems
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Car Lighting Market Research Report
By Type
Exterior Lighting, Interior Lighting
By Application
Passenger Car, Commercial Vehicle
By Companies
Koito Manufacturing, Magnetti Marelli S.p.A (Calsonic Kansei), Valeo, Hella Group, Stanley Electric Co.Ltd, Osram, ZKW Group, Varroc Lighting System, Lumax Industries, Flex Ltd, North American Lighting, Hyundai Mobis, Fiem Industries, Minda Industries Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global LED Car Lighting Market Report Segments:
The global LED Car Lighting market is segmented on the basis of:
Types
Exterior Lighting, Interior Lighting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Koito Manufacturing
- Magnetti Marelli S.p.A (Calsonic Kansei)
- Valeo
- Hella Group
- Stanley Electric Co.Ltd
- Osram
- ZKW Group
- Varroc Lighting System
- Lumax Industries
- Flex Ltd
- North American Lighting
- Hyundai Mobis
- Fiem Industries
- Minda Industries Ltd
Highlights of The LED Car Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Exterior Lighting
- Interior Lighting
- By Application:
- Passenger Car
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Car Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED car lighting is a type of automotive lighting that uses light-emitting diodes (LEDs). LEDs are more efficient and last longer than traditional incandescent or halogen bulbs. LED headlights use less energy, which can save you money on your electric bill.
Some of the key players operating in the led car lighting market are Koito Manufacturing, Magnetti Marelli S.p.A (Calsonic Kansei), Valeo, Hella Group, Stanley Electric Co.Ltd, Osram, ZKW Group, Varroc Lighting System, Lumax Industries, Flex Ltd, North American Lighting, Hyundai Mobis, Fiem Industries, Minda Industries Ltd.
The led car lighting market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Car Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Car Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Car Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Car Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Car Lighting Market Size & Forecast, 2020-2028
4.5.1 LED Car Lighting Market Size and Y-o-Y Growth
4.5.2 LED Car Lighting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Exterior Lighting
5.2.2 Interior Lighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Car Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Car Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Exterior Lighting
9.6.2 Interior Lighting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Exterior Lighting
10.6.2 Interior Lighting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Exterior Lighting
11.6.2 Interior Lighting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Exterior Lighting
12.6.2 Interior Lighting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Exterior Lighting
13.6.2 Interior Lighting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Car Lighting Market: Competitive Dashboard
14.2 Global LED Car Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koito Manufacturing
14.3.2 Magnetti Marelli S.p.A (Calsonic Kansei)
14.3.3 Valeo
14.3.4 Hella Group
14.3.5 Stanley Electric Co.Ltd
14.3.6 Osram
14.3.7 ZKW Group
14.3.8 Varroc Lighting System
14.3.9 Lumax Industries
14.3.10 Flex Ltd
14.3.11 North American Lighting
14.3.12 Hyundai Mobis
14.3.13 Fiem Industries
14.3.14 Minda Industries Ltd
