The global automotive LED lighting market is expected to grow at a CAGR of 10.05% during the forecast period. Based on vehicle type the global automotive LED lighting market has been segmented into passenger cars and commercial vehicles.

Automotive-LED-Lighting-Market-Overview

Get Free Sample

The passenger cars segment is the largest segment of the global automotive LED lighting market, and the segment is expected to continue its dominance during the forecast period, backed by the strong demand from emerging countries and the revival of various developed economies. APAC is a key market for passenger cars, owing to its continuously increasing middle-class population. Most of the passenger car manufacturers are adopting LED technology to attain vehicular efficiency and increase vehicle aesthetics.

Additionally, various prominent automotive OEMs are offering ambient lighting for the interior of modern vehicles. In exterior applications, LED headlights are gaining significant popularity in the passenger cars segment, owing to their reliability and durability. A reduction in the prices of LED lights is further fueling their demand in most of the lighting applications of modern passenger cars. This is one of the main reasons for the dominance of the passenger cars segment in the global automotive LED lighting market.
Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will reduce during the forecast period. Vendors in the market are focused on the development of smart LED headlights that adapts to changing driving and weather conditions. Hella GmbH & Co. KGaA, Hyundai Mobis Co. Ltd., and KOITO Manufacturing Co. Ltd. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the adoption of laser lighting in automobiles will challenge the growth of the market participants. To make the most of the opportunities, automotive LED lightings manufacturers should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this automotive LED lighting market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this automotive LED lighting market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading automotive LED lighting companies, including:

Hella GmbH & Co. KGaA
Hyundai Mobis Co. Ltd.
KOITO Manufacturing Co. Ltd.
LG Electronics, Inc.
Magna International Inc.
Magneti Marelli SpA
OSRAM GmbH
Stanley Electric Co. Ltd.
Valeo SA
Varroc Group

Automotive LED Lighting Market: Segmentation by Region


The low labor costs and tax relaxation offered by regional governments are attracting global players to set up their manufacturing facilities in APAC. This has resulted in a considerable decline in the cost of LEDs in the region. Many prominent market vendors are making significant investments to expand their presence in APAC.

Nearly 57% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive LED lighting. However, the market growth in APAC will be slower than the growth of the market in South America and MEA.
Automotive LED Lighting Market: Segmentation by Application

Request for a FREE sample and Get more information on the market contribution of various application segments

The adoption of exterior LED lights is influenced by the introduction of several regulations regarding the safety of vehicles. For instance, Europe has mandated the use of DRLs and self-leveling headlights in passenger cars. This is compelling automakers to procure exterior LED lighting systems in large volumes.

Market growth in the exterior lighting segment will be faster than the growth of the market in interior lighting. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive LED lighting market size.
Automotive LED Lighting Market: Key Drivers and Trends

Automobile manufacturers are increasingly integrating LEDs with an advanced driver assistance system (ADAS) and highly automated driving technologies. The integration of LEDs with such intelligent technologies is eliminating the need for manual adjustments from drivers. It also tunes LED lightings according to the needs of automated driving technologies. Several vendors in the market are introducing innovative LED lighting systems that can operate at different brightness levels as per driver’s requirements and changing weather conditions. The increasing use of LEDs in the high-performance automotive intelligence lighting system is one of the crucial factors driving the growth of the automotive LED lighting market.

The growing popularity of adaptive lighting systems is one of the significant automotive LED lighting market trends that will affect the market landscape.
Adaptive lighting systems automatically adjust the distribution of light according to driving conditions.
Adaptive headlights improve safety at night and in low-light conditions by increasing visibility around curves and in hills.
Regulatory bodies in Europe have already mandated self-leveling headlights for passenger cars and vans.
Prominent vendors are introducing innovative adaptive lighting systems that are both compact and durable.
During 2019-2023, the market will register a CAGR of around 10%.


Automotive LED Lighting Market: Key Highlights of the Report for the Forecast Period 2019-2023

CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will accelerate the growth of the automotive LED lighting market size during the next five years
Precise estimation of the global automotive LED lighting market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the automotive LED lighting industry across APAC, Europe, MEA, North America, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive LED lighting vendors


https://www.technavio.com/report/automotive-led-lighting-market-industry-analysis