Market Overview:
The global LED driving lights market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for LED driving lights in automotive applications, owing to their superior performance as compared to traditional halogen and xenon headlights. In terms of type, the CD segment is expected to hold the largest share of the global LED driving lights market in 2018, followed by DVD, BD and UHD-BD segments. The audio application segment is expected to account for the majority share of the global LED driving lights market in 2018, followed by video and games applications. In terms of region, North America is estimated to lead the global LED driving lights market in 2018, followed by Europe and Asia Pacific.
Product Definition:
LED Driving Lights are a type of LED Lighting that is specifically designed to be used as headlights on vehicles. They are typically larger and more powerful than other LED lights, and they emit a brighter, whiter light that is better suited for illuminating the road ahead while driving. LED Driving Lights can improve safety by providing better visibility in low-light conditions, and they can also make it easier to see obstacles and potential hazards on the side of the road.
CD:
CD (Copper-Diameter) is the thickness of copper wire used in LED lights. The smaller the number, the thicker the wire.
The driving force for growth factor in this market is increasing demand from end users such as automotive manufacturers.
DVD:
DVD is short for Digital Video Disc and is a type of optical disc data storage medium. It was developed in the early 1990s as a replacement for VHS (Video Home System) format, which was originally designed to store video programs by the four major U.S. commercial television networks (NBC, CBS, ABC, and FOX).
Application Insights:
Based on the application, the market has been segmented into games, video, audio and others. The video segment dominated the overall industry in terms of revenue in 2017. LED lights have become an integral part of car headlamps and vehicle lighting systems as they offer better illumination compared to conventional halogen or HID headlights. Moreover, these lights consume less power and are more energy-efficient than their counterparts thus providing a positive scope for growth over the forecast period.
The growing importance of LED lightings not only for general lighting purposes but also for indicators/hazard lights is expected to drive demand over the forecast period since hazards indicate potential risks or obstacles that need immediate attention from drivers.
Regional Analysis:
The Asia Pacific regional market accounted for the largest share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising disposable income, changing consumer preferences, and increasing adoption of LED lights in countries such as China and India. Furthermore, growing penetration of global players such as Hyundai Motor Company; Kia Motors Corporation; Nissan Motor Corporation; Tata Motors Ltd.; Ford India Limited; Volkswagen Group InBev in developing economies including China, South Korea, Thailand has led to an increase in demand for advanced lighting solutions from various applications.
North America region is projected to witness significant growth over the forecast period owing to increased use of driving lights across U.S., Canada among other countries due to cold weather conditions which makes it difficult for conventional light bulbs or LEDs function properly thus resulting into an increase in demand for these types of driving lights during this time frame.
Growth Factors:
- Increasing demand for LED driving lights from the automotive sector as a result of technological advancements and rising fuel prices
- Growing popularity of LED lighting in general, across a wide range of applications
- Stringent government regulations mandating the use of energy-efficient lighting systems, such as LED driving lights, in various sectors
- Rising consumer awareness about the benefits of using LED driving lights over traditional light sources
- Falling prices of LEDs and other related components
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Driving Lights Market Research Report
By Type
CD, DVD, BD, UHD-BD
By Application
Audio, Games, Video, Others
By Companies
Sony Digital Audio Disc Corporation, Memory-Tech Corporation, U-Tech Media Co., Ltd, BOD, CMC Magnetics Corporation, RITEK
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global LED Driving Lights Market Report Segments:
The global LED Driving Lights market is segmented on the basis of:
Types
CD, DVD, BD, UHD-BD
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
Audio, Games, Video, Others
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:
- Sony Digital Audio Disc Corporation
- Memory-Tech Corporation
- U-Tech Media Co., Ltd
- BOD
- CMC Magnetics Corporation
- RITEK
Highlights of The LED Driving Lights 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:
- CD
- DVD
- BD
- UHD-BD
- By Application:
- Audio
- Games
- Video
- Others
- 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 Driving Lights 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 driving lights are a type of lighting that uses LED bulbs. These lights are often used in cars, trucks, and other vehicles to make them more visible at night or during low-light conditions.
Some of the major companies in the led driving lights market are Sony Digital Audio Disc Corporation, Memory-Tech Corporation, U-Tech Media Co., Ltd, BOD, CMC Magnetics Corporation, RITEK.
The led driving lights market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Driving Lights 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 Driving Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Driving Lights 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 Driving Lights 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 Driving Lights Market Size & Forecast, 2020-2028
4.5.1 LED Driving Lights Market Size and Y-o-Y Growth
4.5.2 LED Driving Lights 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 CD
5.2.2 DVD
5.2.3 BD
5.2.4 UHD-BD
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 Audio
6.2.2 Games
6.2.3 Video
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Driving Lights 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 Driving Lights 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 CD
9.6.2 DVD
9.6.3 BD
9.6.4 UHD-BD
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 Audio
9.10.2 Games
9.10.3 Video
9.10.4 Others
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 CD
10.6.2 DVD
10.6.3 BD
10.6.4 UHD-BD
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 Audio
10.10.2 Games
10.10.3 Video
10.10.4 Others
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 CD
11.6.2 DVD
11.6.3 BD
11.6.4 UHD-BD
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 Audio
11.10.2 Games
11.10.3 Video
11.10.4 Others
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 CD
12.6.2 DVD
12.6.3 BD
12.6.4 UHD-BD
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 Audio
12.10.2 Games
12.10.3 Video
12.10.4 Others
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 CD
13.6.2 DVD
13.6.3 BD
13.6.4 UHD-BD
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 Audio
13.10.2 Games
13.10.3 Video
13.10.4 Others
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 Driving Lights Market: Competitive Dashboard
14.2 Global LED Driving Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sony Digital Audio Disc Corporation
14.3.2 Memory-Tech Corporation
14.3.3 U-Tech Media Co., Ltd
14.3.4 BOD
14.3.5 CMC Magnetics Corporation
14.3.6 RITEK
