A latest report has been added to the wide database of LED Lighting Market by Infinium Global Research. This report studies the LED Lighting Market by application (exterior lighting and interior lighting), and by vehicle type (passenger cars) market status and outlook of global and major regions, from manufacturers, and end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. LED Lighting Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the LED Lighting Market. According to report the global automotive LED lighting market is expected to grow at a CAGR of 18.2% over the forecast period of 2017 - 2023.
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Exterior Lighting has dominated Automotive Led lighting market in 2023
By Application, the automotive LED lighting market is classified into Exterior Lighting, Interior Lighting. The Exterior Lighting segment is expected to lead the global automotive LED lighting in 2018. The growth of this segment is attributed to revenue generated from sales of headlamps, rear lamps, fog lamps, and side lamps. Moreover, the demand for exterior LED lighting is expected to remain high over the next few years as vehicle manufacturers across all geographies are gradually focusing on safety standards and lowering costs.
Passenger cars segment has dominated the Automotive LED lighting market in 2023
On the basis of Vehicle Type, the automotive LED lighting market is categorized into passenger cars, LCV, bus, and others. The passenger cars segment is estimated to account for the largest share of the global automotive LED lighting marketduring the forecast period.Key players use semiconductor technology to maximize advantage and offer emerging next-generation LED platforms to the customer, which ultimately upsurges cost efficiency.
Asia-pacific is the largest Automotive LED lighting market
Based on region, the automotive LED lighting marketis segmented into Americas, Europe, Asia-Pacific, and ROW. Asia-Pacific is the largest automotive LED lighting market and it is driven by high growth from China and India. These markets are among the largest markets for automotive production. Moreover growing population, growing disposable income of the middle class, and changing consumer lifestyles is likely to augment the demand for automobiles over the next six years, as a result the demand for automotive LED lighting is likely to surge over the next 6 years.
Companies profiled in the report
The report profiles some of the key companies in the automotive LED lighting market include Hella, MagnetiMarelli S.P.A, Valeo, Koito Manufacturing Co. Ltd., Lumberg Holding, Stanley Electric, SG Automotive, Mercedes Benz, Koninklijke Philips N.V., and OsramLicht AG.
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Table of Contents:-
1.1 Report Description
1.2 Research Methods
1.3 Research Approaches
2. Executive Summary
3. Global Automotive LED Lighting Market Overview
3.2 Market Dynamics
3.3 Porter’s Five Forces Analysis
3.4 IGR – Growth Matrix Analysis
3.5 Competitive Landscape in the global automotive LED lighting market
4. Global Automotive LED Lighting Market by Application 2017 - 2023
4.1 Exterior Lighting
4.2 Interior Lighting
5. Global Automotive LED Lighting Market by Vehicle Type 2017 - 2023
5.1 Passenger cars
6. Global Automotive LED Lighting Market by Regions 2017 - 2023
6.1 North America
6.1.1 North America Automotive LED Lighting Market by Application
6.1.2 North America Automotive LED Lighting Market by Vehicle type
6.1.3 North America Automotive LED Lighting Market by Country
6.2.1 Europe Automotive LED Lighting Market by Application
6.2.2 Europe Automotive LED Lighting Market by Vehicle type
6.2.3 Europe Automotive LED Lighting Market by Country
6.3.1 Asia-Pacific Automotive LED Lighting Market by Application
6.3.2 Asia-Pacific Automotive LED Lighting Market by Vehicle type
6.3.3 Asia-Pacific Automotive LED Lighting Market by Country
6.4.1 RoW Automotive LED Lighting Market by Application
6.4.2 RoW Automotive LED Lighting Market by Vehicle type
6.4.3 RoW Automotive LED Lighting Market by Sub-region
7. Companies Covered
7.2 Magneti Marelli S.P.A
7.4 Koito Manufacturing Co. Ltd.
7.5 Lumberg Holding
7.6 Stanley Electric
7.7 SG Automotive
7.6 Mercedes Benz
7.7 Koninklijke Philips N.V.
7.10 Osram Licht AG