Automotive LED Market is anticipated to grow at a CAGR of 7.3% during the forecast period (2023-2030). Automotive LED is essential in cars to improve the vision of drivers which helps for detecting uneven road tracks, other vehicle movements, and road hazards. Globally increasing production and sale of vehicles is the driving factor of the global automotive LED market For Instance, China continues to be the world’s largest vehicle market by both annual sales and manufacturing output, with domestic production expected to reach 35 million vehicles by 2025. According to the International Trade Administration (ITA), over 26 million vehicles were sold in 2021, including 21.5 million passenger vehicles, an increase of 7.1% from 2020. Commercial vehicle sales reached 4.8 million units, down 6.6% from 2020. Improvement in lifestyle with the purchasing power of consumers is a changing preference that has positively impacted the sale of premium cars with the increasing demand for premium segment cars the automotive LED market also transforming and launching advanced lighting technology and providing better lighting performance and improved energy efficiency that Consume less power and have long service life then other lights for instance, Hyundai Mobis had developed 'lighting grille' technology, which implements an LED lighting function in the front grille of the car. This helps determine the first impression and also integrates the other new 'grille integral active air flap' technology. on High performance and high standards, lighting electronics feature a high-performance 32-bit chip for these diverse tasks Continental pursues a platform strategy comprising ASIC and ASSP solutions that are under advanced development in close collaboration with semiconductor manufacturers. Due to their integration into assistance systems and the AUTOSAR operating system, LED light control units also require higher functional safety standards and are certified by ISO 26262 for safety class ASIL B.

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The global automotive LED Market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, Europe is anticipated to hold a prominent share of the market across the globe, oowing to the strong presence of several automakersalong with decreased price compared to headlights.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Automotive Light Emitting Diode (LED) Market by Vehicle Type

Passenger Vehicle
Commercial Vehicle

Global Automotive Light Emitting Diode (LED) Market by Position

Front
Rear
Side
Interior

Global Automotive Light Emitting Diode (LED) Market by Propulsion Type

Internal Combustion Engine (ICE)
Electric
Others (Hybrid)

Company Profiles 

Continental AG
General electric company
Hyundai Mobis Co., Ltd.
Koninklijke Philips N.V
Magneti marelli S.P.A
Namyung Lighting Co., Ltd.
Nichia corporation
OSRAM GmbH
Seoul Semiconductor Co., Ltd.
Texas Instruments Inc.
VALEO
Varroc Engineering Ltd.
ZKW

The Report Covers

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global automotive LED Market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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