The global LED automobile taillight market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for energy-efficient and eco-friendly products in the automotive industry. The LED technology has been widely adopted by automobile manufacturers due to its high efficiency and low power consumption, which reduces fuel consumption and CO2 emissions. Moreover, LEDs are also used in other applications such as traffic lights, street lamps, and home lighting systems.
The light distribution lamp segment accounted for the largest share of the global LED automobile taillight market in 2018 owing to its wide application across various industries such as automotive, aviation & aerospace, marine & offshore engineering, industrial machinery & equipment manufacturing industries among others. In addition to this segment being used as a replacement for incandescent bulbs or halogen lamps in automobiles due to their high efficiency and low power consumption; it is also used extensively in aircrafts due to their ability of producing bright white light with less heat emission than conventional bulbs or halogen lamps that are usually fitted on aircrafts’ tail wings or wingtips.
North America accounted for the largest share of the global LED automobile taillight market in 2018 owing mainly due its large number of car manufacturers who have adopted LEDs over traditional lighting technologies such as incandescent bulbs or halogen lamps because they offer higher efficiency levels with lower power consumption rates than these traditional technologies do; thereby reducing fuel consumption rates while simultaneously reducing CO2 emissions from automobiles on roads across North America region.
Some Of The Growth Factors Of This Market:
- The increasing demand for LED Automobile Taillight in the automotive industry is one of the major factors driving this market growth.
- The increasing number of accidents and fatalities due to lack of visibility at night are also driving this market growth.
- Increasing awareness about safety features in automobiles and rising demand for safety features are also driving this market growth.
- Increasing government regulations on vehicle lighting systems are also driving this market growth.
Industry Growth Insights published a new data on “LED Automobile Taillight Market”. The research report is titled “LED Automobile Taillight Market research by Types (Light Distribution Lamp, Decorative Lamp), By Applications (Commercial Car, Personal Car), By Players/Companies Nichia, GE, LG, Magna, Varroc Group, Signify, Osram, Stanley Electric, Magneti Marelli, Hella, Koito”.
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Automobile Taillight Market Research Report
By Type
Light Distribution Lamp, Decorative Lamp
By Application
Commercial Car, Personal Car
By Companies
Nichia, GE, LG, Magna, Varroc Group, Signify, Osram, Stanley Electric, Magneti Marelli, Hella, Koito
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global LED Automobile Taillight Market Report Segments:
The global LED Automobile Taillight market is segmented on the basis of:
Types
Light Distribution Lamp, Decorative Lamp
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
Commercial Car, Personal Car
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:
- Nichia
- GE
- LG
- Magna
- Varroc Group
- Signify
- Osram
- Stanley Electric
- Magneti Marelli
- Hella
- Koito
Highlights of The LED Automobile Taillight 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:
- Light Distribution Lamp
- Decorative Lamp
- By Application:
- Commercial Car
- Personal Car
- 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 Automobile Taillight 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.
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- 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 automobile taillight is a type of lighting that uses light emitting diodes (LEDs). LEDs are more efficient and last longer than traditional incandescent or halogen bulbs. LED automotive taillights use less energy, which saves you money on your electric bill.
Some of the key players operating in the led automobile taillight market are Nichia, GE, LG, Magna, Varroc Group, Signify, Osram, Stanley Electric, Magneti Marelli, Hella, Koito.
The led automobile taillight market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Automobile Taillight Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Automobile Taillight Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Automobile Taillight Market - Supply Chain
4.5. Global LED Automobile Taillight Market Forecast
4.5.1. LED Automobile Taillight Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Automobile Taillight Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Automobile Taillight Market Absolute $ Opportunity
5. Global LED Automobile Taillight Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED Automobile Taillight Market Size and Volume Forecast by Type
5.3.1. Light Distribution Lamp
5.3.2. Decorative Lamp
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Automobile Taillight Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED Automobile Taillight Market Size and Volume Forecast by Application
6.3.1. Commercial Car
6.3.2. Personal Car
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Automobile Taillight Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED Automobile Taillight Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED Automobile Taillight Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED Automobile Taillight Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED Automobile Taillight Demand Share Forecast, 2019-2026
9. North America LED Automobile Taillight Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED Automobile Taillight Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED Automobile Taillight Market Size and Volume Forecast by Application
9.4.1. Commercial Car
9.4.2. Personal Car
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Automobile Taillight Market Size and Volume Forecast by Type
9.7.1. Light Distribution Lamp
9.7.2. Decorative Lamp
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED Automobile Taillight Demand Share Forecast, 2019-2026
10. Latin America LED Automobile Taillight Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED Automobile Taillight Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED Automobile Taillight Market Size and Volume Forecast by Application
10.4.1. Commercial Car
10.4.2. Personal Car
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Automobile Taillight Market Size and Volume Forecast by Type
10.7.1. Light Distribution Lamp
10.7.2. Decorative Lamp
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED Automobile Taillight Demand Share Forecast, 2019-2026
11. Europe LED Automobile Taillight Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED Automobile Taillight Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED Automobile Taillight Market Size and Volume Forecast by Application
11.4.1. Commercial Car
11.4.2. Personal Car
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Automobile Taillight Market Size and Volume Forecast by Type
11.7.1. Light Distribution Lamp
11.7.2. Decorative Lamp
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED Automobile Taillight Demand Share, 2019-2026
12. Asia Pacific LED Automobile Taillight Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED Automobile Taillight Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED Automobile Taillight Market Size and Volume Forecast by Application
12.4.1. Commercial Car
12.4.2. Personal Car
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Automobile Taillight Market Size and Volume Forecast by Type
12.7.1. Light Distribution Lamp
12.7.2. Decorative Lamp
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED Automobile Taillight Demand Share, 2019-2026
13. Middle East & Africa LED Automobile Taillight Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED Automobile Taillight Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED Automobile Taillight Market Size and Volume Forecast by Application
13.4.1. Commercial Car
13.4.2. Personal Car
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Automobile Taillight Market Size and Volume Forecast by Type
13.7.1. Light Distribution Lamp
13.7.2. Decorative Lamp
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED Automobile Taillight Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Automobile Taillight Market: Market Share Analysis
14.2. LED Automobile Taillight Distributors and Customers
14.3. LED Automobile Taillight Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nichia
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. GE
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Magna
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Varroc Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Signify
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Osram
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Stanley Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Magneti Marelli
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hella
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Koito
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
