Authored By: Sarah
11 Jul 2024

 Automotive Led Lighting Market to grow by USD 2135.9 million between 2024-2028

According to a research report “ Automotive Led Lighting Market” by Type (Exterior, Interior) Application (Passenger cars, Commercial vehicles) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2135.9 million at a CAGR of almost 4.54% during the forecast period. In the automotive industry, the adoption of LED lighting technology has surged, becoming indispensable in advanced lighting systems. Solid-state LEDs, known for their energy efficiency and compactness, are predominantly utilized in taillights, brake lights, and headlights. The shift from incandescent bulbs is driven by LEDs' extended service life, superior energy efficiency, swift activation, and robustness against vibration. The evolution of automotive lighting entails the transition from high-intensity discharge lamps to intelligent lights, capable of adapting to environmental and road conditions. Single- and dual-channel LED drivers and tools are instrumental in optimizing both the efficiency and aesthetics of LED lighting in vehicles..

Browse market data tables, figures, and in-depth TOC on “Automotive Led Lighting Market” by Type (Exterior, Interior) Application (Passenger cars, Commercial vehicles) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028.

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By Type, the Exterior segment is projected to dominate the market size in 2024.

The automotive LED lighting market experiences significant growth due to increasing demand for both exterior and interior lighting in passenger cars. Exterior LED lighting is a key driver, yet the rising preference for interior ambient lighting offers lucrative opportunities. Functional and operational benefits, such as safety, appeal, and fashion, make interior LED lighting increasingly popular, even in mid- and economic-segment vehicles. Key stakeholders, including suppliers, OEMs, and aftermarket service providers, significantly influence the adoption of new LED lighting technologies in the automotive industry.

By Application, Passenger cars  segment is expected to hold the largest market size for the year 2024.

The automotive LED lighting market encompasses LED applications for various vehicle exterior areas, including headlights, position lamps, fog lights, DRLs, turn signals, taillights, side mirror lamps, CHMSLs, license plate lamps, and reflectors. Red, yellow, and white are predominant colors in this segment. Vendors are prioritizing energy-efficient LED solutions, with a shift from traditional applications like turn signals and taillights to modern ones such as headlights and DRLs. Lower production costs, driven by technological advancements, are fueling market growth.

APAC is forecasted to hold the largest market size by region in 2024.

The automotive LED lighting market is experiencing significant growth, driven by the increasing adoption of energy-efficient and long-lasting LED technology in headlights, tail lights, and interior lighting systems. This shift is resulting in enhanced vehicle aesthetics, improved safety, and reduced maintenance costs for automakers and consumers alike. LED lighting solutions offer superior brightness, color consistency, and durability compared to traditional lighting technologies, making them an attractive investment for the automotive industry.

The Automotive Led Lighting Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Changzhou Xingyu Automotive Lighting System Co. Ltd.
  • EVERLIGHT ELECTRONICS CO. LTD.
  • HELLA GmbH and Co. KGaA
  • Hyundai Mobis Co. Ltd.
  • Koito Manufacturing Co. Ltd.
  • Koninklijke Philips N.V.
  • LG Electronics Inc.
  • Lumax Industries Ltd
  • Lumileds Holding BV
  • Marelli Holdings Co. Ltd.
  • Nichia Corp
  • OSRAM Licht AG
  • Samsung Electronics Co. Ltd.
  • Seoul Semiconductor Co. Ltd.
  • SL Corp.
  • Stanley Electric Co. Ltd.
  • Tungsram Operations Kft
  • Valeo SA
  • Varroc Lighting
  • Zumtobel Group AG
.

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Research Analysis Overview

The Automotive LED Lighting market is experiencing significant growth due to the increasing adoption of advanced lighting technologies in various vehicle types, including reflector and projector headlights. The use of high-performance materials such as Aluminum gallium arsenide and Indium gallium nitride in LED Lights has led to improvements in brightness and energy efficiency, making them a popular choice among car users and fleet managers. However, the high production cost of these advanced LED Lights remains a challenge for some manufacturers. Safety concerns and consumer preferences are key factors driving the market for automotive LED lighting. Luxury vehicles and commercial fleets, including freight trucks, robo taxis, buses, and passenger cars, are increasingly adopting LED Lights to enhance visibility and improve the overall driving experience. Lighting Regulations continue to evolve, pushing the industry to innovate and develop more efficient and cost-effective LED solutions. The market for automotive LED lighting is expected to grow steadily, with Valeo and other key players investing in research and development to address the challenges of high production costs and increasing demand for advanced lighting technologies. The shift towards LED Lights from traditional technologies such as Xenon/HID and Halogen is a trend that is here to stay, as the benefits of LED Lights continue to outweigh the costs.

Market Research Overview

The Automotive LED Lighting market is experiencing significant growth due to the integration of advanced technology in electric vehicles. LED lighting technology, including signaling devices and lighting systems, is a key factor in enhancing road safety and reducing driver distraction. This market caters to various automotive vehicles, including commercial fleets, robo taxis, buses, freight trucks, and passenger cars. Valeo, a leading automotive component supplier, is investing in sophisticated safety measures such as Matrix LED, Adaptive lighting, Laser lighting, and OLED. These lighting systems offer high-power efficiency, energy efficiency, and reduced CO2 emissions, making them an attractive choice for car users and fleet managers. The use of LED Lights, including reflector, projector, and Aluminum gallium arsenide, Indium gallium nitride, Xenon/HID, and Halogen, is regulated by various lighting regulations to ensure on-road safety and visibility. Luxury vehicles and consumer preferences for energy-efficient and economy vehicles are also driving the demand for this market. The production cost of LED lighting systems is high compared to traditional lighting systems, but their durability, reliability, and brightness make up for the initial investment. The market for automotive LED lighting is expected to grow due to the increasing focus on reducing collisions and traffic accidents through improved visibility.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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