Automotive LED Lighting Market 2018 Global Leaders Overview: Hyundai Group, Toyota Motor, Zizala Lichtsysteme, Osram Licht AG, Koito Manufacturing, Stanley Electric, Mercedes-Benz

Market Research Future published a research report on “Automotive LED Lighting Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Scenario:

The automotive light emitting diode lighting market is growing because of the low cost of the LED and efficient working of it. LEDs are small, solid light bulbs which are extremely energy efficient and long lasting. The long life of LED lamps was initially attractive, however, low brightness and high cost meant that they were generally restricted to use in dashboards.

Along with technology development in the vehicles, automated LED lighting is one of them. Increased consumption of these can be seen from two wheelers to four wheelers. The adoption of it is growing day by day. The segmentation of it on the basis of position in the vehicle is done. It can be fixed in the front, rear, side and interior of the vehicles. LED lighting ability is to improve total plant productivity. By connecting advanced lighting controls to industrial automation systems, LED lighting can save time and costs, and also provide business intelligence data, reduce waste and redundancies, and enhance plant operations.

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The automotive LED lighting market is segmented on the basis of position and adaptive lighting. The position segment consists front, rear, side and interior. The adaptive lighting is segmented on the basis of front adaptive lighting, rear adaptive lighting and ambient adaptive lighting. Adaptive headlights are helpful when driving on winding roads at night, during twilight, or in other low-light conditions. They can address many potentially dangerous situations. Adaptive headlights do not compensate for unsafe driving or poor road conditions. Drivers must still take extra precautions when driving at night, and should continue to use safe driving practices at all times.

The global Automotive LED Lighting Market is expected to grow approximately at USD 20 Billion by 2022, approx.9% of CAGR between 2016 and 2022.

Key Players

The prominent players in the automotive LED lighting market are Osram Licht AG (Germany), Magneti Marelli S.P.A (Italy), Koito Manufacturing Co.Ltd (Japan), Stanley Electric Co.Ltd (Japan), Mercedes-Benz (Germany), Koninklijke Philips N.V. (Netherlands), Hyundai Group (South Korea), Toyota Motor Corporation (Japan), Tata Motors Limited (India), Zizala Lichtsysteme GmbH (Austria), among others.

Segments:

Automotive LED lighting market for segment on the basis of position, vehicle type and adaptive lighting.

Automotive LED Lighting Market by Position:

• Front
• Rear
• Side
• Interior

Automotive LED Lighting Market by Vehicle Type:

• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

Automotive LED Lighting Market by Adaptive Lighting:

• Front Adaptive Lighting
• Rear Adaptive Lighting
• Ambient Adaptive Lighting

Regional Analysis:

The regional analysis of automotive LED Lighting market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Asia- Pacific region owing to the fast growing automotive industry in developing countries such as India, China and South Korea is expected to show a significant growth in the automotive LED lighting market. Europe and North America are anticipated to dominate the LED lighting market in terms of demand. Increasing automotive production paired with adoption of energy efficient lighting source such as LED is driving the growth of automotive lighting industry in the European region. Also government enforcing to lesser CO2 emission from the vehicle is driving the LED market in that region.

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Intended Audience

• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• Automobile Manufacturers

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