Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global LED Car Lights Market by Type (Interior Lighting, Exterior Lighting), By Application (Passenger Car, Commercial Vehicle) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global LED Car Lights Market by Type (Interior Lighting, Exterior Lighting), By Application (Passenger Car, Commercial Vehicle) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 140130 3300 Automobile & Transportation 377 238 Pages 5 (38)
                                          

Market Overview:


The global LED car lights 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 the increasing demand for energy-efficient and eco-friendly lighting solutions, coupled with the growing trend of vehicle electrification. Additionally, government regulations mandating the use of energy-efficient lighting in vehicles are also contributing to the growth of this market. The interior lighting segment is expected to account for a major share of the global LED car lights market during the forecast period, owing to rising demand for enhanced aesthetics and safety features in vehicles. The exterior lighting segment is also projected to witness significant growth duringthe forecast period, owingto increasing adoptionof LEDsfor automotive signaling and warning purposes.


Global LED Car Lights Industry Outlook


Product Definition:


LED car lights are a type of light that is used in cars. They are usually LED headlights, but they can also be LED taillights, brake lights, and turn signals. LED car lights have many benefits over other types of car lights. They are brighter and more efficient than traditional bulbs, and they last longer.


Interior Lighting:


Interior lighting is a general term for lights that are used to illuminate the interior of vehicles, ships, aircraft or trains. Interior lighting can be natural light ( sunlight) or artificial light (headlights). The growth factor in the LED car lights market is increasing demand from various end-user segments such as commercial & passenger cars and two wheelers.


Increasing awareness about energy efficiency.


Exterior Lighting:


Exterior lighting is the general term used for all the lights that are attached to or built into the vehicle's body. The exterior lighting of a car can be seen from both sides and is intended to enhance safety while driving at night as well as during low-light conditions. Exterior lights also have other functions, such as warning others about your presence or indicating that the vehicle is occupied when switched on in an emergency situation.


Application Insights:


Passenger car lights held the largest share of over 70.0% in 2017. The growing importance of passenger safety coupled with rising demand for LED lights in automobiles is expected to drive the segment growth over the forecast period. Increasing penetration of LED light sources in headlamps, daytime running lights and turn indicators has resulted in increased fuel efficiency and reduced carbon emissions, which is likely to propel market growth during the forecast period.


The commercial vehicle lighting application segment was valued at USD 1,225 million in 2017 owing to high utilization of LEDs for advertising and branding purposes on trucks as well as buses across various regions including North America and Europe Pacific region. Furthermore, increasing government initiatives regarding reduction of carbon emissions from buses are anticipated to further boost product demand during the forecast period.


Regional Analysis:


The Asia Pacific regional led lights market is anticipated to witness significant growth over the forecast period owing to increasing demand for LED lights from countries such as China, Japan, and India. The growing adoption of these lights in commercial vehicles is also expected to drive the APAC market over the forecast period.


Europe accounted for a major share of global led car lighting industry revenue in 2017 due to stringent regulations about vehicle lighting standards implemented by various governments across European countries. For instance, Germany government has mandated that all new passenger cars must incorporate LEDs as interior and exterior lighting source by 2019 with strict penalties for non-compliance (€10 million).


Growth Factors:


  • Increasing demand for energy-efficient lighting solutions
  • Rising awareness about the benefits of LED car lights over traditional halogen bulbs
  • Technological advancements in LED lighting technology
  • Government initiatives and regulations promoting the use of energy-efficient lighting technologies, such as LED car lights
  • Growing demand from emerging markets

Scope Of The Report

Report Attributes

Report Details

Report Title

LED Car Lights Market Research Report

By Type

Interior Lighting, Exterior Lighting

By Application

Passenger Car, Commercial Vehicle

By Companies

Koito, Magneti Marelli, Valeo, Hella, Stanley, OSRAM, ZKW Group, Varroc, Philips Automotive, Audi, Benz, CREE, Cooper, Erco, CN360

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

238

Number of Tables & Figures

167

Customization Available

Yes, the report can be customized as per your need.


Global LED Car Lights Market Report Segments:

The global LED Car Lights market is segmented on the basis of:

Types

Interior Lighting, Exterior 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:

  1. Koito
  2. Magneti Marelli
  3. Valeo
  4. Hella
  5. Stanley
  6. OSRAM
  7. ZKW Group
  8. Varroc
  9. Philips Automotive
  10. Audi
  11. Benz
  12. CREE
  13. Cooper
  14. Erco
  15. CN360

Global LED Car Lights Market Overview


Highlights of The LED Car Lights Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Interior Lighting
    2. Exterior Lighting
  1. By Application:

    1. Passenger Car
    2. Commercial Vehicle
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the LED Car 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

Global LED Car Lights Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


LED car lights are a type of lighting that uses light emitting diodes (LEDs). LEDs produce a brighter, whiter light than traditional incandescent or fluorescent bulbs. LED car lights are also more energy-efficient and last longer than other types of car lighting.

Some of the major players in the led car lights market are Koito, Magneti Marelli, Valeo, Hella, Stanley, OSRAM, ZKW Group, Varroc, Philips Automotive, Audi, Benz, CREE, Cooper, Erco, CN360.

The led car lights market is expected to register a CAGR of 10.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. LED Car Lights 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 Car Lights Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. LED Car Lights Market - Supply Chain
   4.5. Global LED Car Lights Market Forecast
      4.5.1. LED Car Lights Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. LED Car Lights Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. LED Car Lights Market Absolute $ Opportunity

5. Global LED Car Lights 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 Car Lights Market Size and Volume Forecast by Type
      5.3.1. Interior Lighting
      5.3.2. Exterior Lighting
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global LED Car Lights 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 Car Lights Market Size and Volume Forecast by Application
      6.3.1. Passenger Car
      6.3.2. Commercial Vehicle
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global LED Car Lights 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 Car Lights 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 Car Lights 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 Car Lights 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 Car Lights Demand Share Forecast, 2019-2026

9. North America LED Car Lights 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 Car Lights 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 Car Lights Market Size and Volume Forecast by Application
      9.4.1. Passenger Car
      9.4.2. Commercial Vehicle
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America LED Car Lights Market Size and Volume Forecast by Type
      9.7.1. Interior Lighting
      9.7.2. Exterior Lighting
   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 Car Lights Demand Share Forecast, 2019-2026

10. Latin America LED Car Lights 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 Car Lights 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 Car Lights Market Size and Volume Forecast by Application
      10.4.1. Passenger Car
      10.4.2. Commercial Vehicle
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America LED Car Lights Market Size and Volume Forecast by Type
      10.7.1. Interior Lighting
      10.7.2. Exterior Lighting
   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 Car Lights Demand Share Forecast, 2019-2026

11. Europe LED Car Lights 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 Car Lights 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 Car Lights Market Size and Volume Forecast by Application
      11.4.1. Passenger Car
      11.4.2. Commercial Vehicle
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe LED Car Lights Market Size and Volume Forecast by Type
      11.7.1. Interior Lighting
      11.7.2. Exterior Lighting
   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 Car Lights Demand Share, 2019-2026

12. Asia Pacific LED Car Lights 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 Car Lights 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 Car Lights Market Size and Volume Forecast by Application
      12.4.1. Passenger Car
      12.4.2. Commercial Vehicle
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific LED Car Lights Market Size and Volume Forecast by Type
      12.7.1. Interior Lighting
      12.7.2. Exterior Lighting
   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 Car Lights Demand Share, 2019-2026

13. Middle East & Africa LED Car Lights 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 Car Lights 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 Car Lights Market Size and Volume Forecast by Application
      13.4.1. Passenger Car
      13.4.2. Commercial Vehicle
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa LED Car Lights Market Size and Volume Forecast by Type
      13.7.1. Interior Lighting
      13.7.2. Exterior Lighting
   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 Car Lights Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global LED Car Lights Market: Market Share Analysis
   14.2. LED Car Lights Distributors and Customers
   14.3. LED Car Lights Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Koito
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Magneti Marelli
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Valeo
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Hella
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Stanley
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. OSRAM
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. ZKW Group
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Varroc
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Philips Automotive
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Audi
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Benz
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. CREE
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Cooper
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Erco
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. CN360
         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

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