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What's driving the Automotive LED Lighting Market trends? Valeo, Koito, Magneti Marelli, Hella, Stanley, OSRAM, ZKW Group

07-03-2019 07:57 PM CET | Business, Economy, Finances, Banking & Insurance

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What's driving the Automotive LED Lighting Market trends?

The ‘Automotive LED Lighting Market ’analytical summative by Market Study Report, LLC, is a thorough study on the latest market trends prevailing in the global business sphere. The report also offers important details pertaining to market share, market size, profit estimations, applications and statistics of this industry. The report further presents a detailed competitive analysis including growth strategies adopted by key players of the industry.

Global Automotive LED Lighting market size will reach 12600 million US$ by 2025, from 6050 million US$ in 2018, at a CAGR of 9.6% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Automotive LED Lighting.

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The following manufacturers are covered in this report:

Valeo
Koito
Magneti Marelli
Hella
Stanley
OSRAM
ZKW Group
Varroc

The automotive lighting system of a motor vehicle consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. This lights the roadway for the driver and increases the conspicuity of the vehicle, allowing other drivers and pedestrians to see a vehicle's presence, position, size, direction of travel, and the driver's intentions regarding direction and speed of travel. Emergency vehicles usually carry distinctive lighting equipment to warn drivers and indicate priority of movement in traffic.

A light-emitting diode (LED) is a two-lead semiconductor light source. It is a pn junction diode, which emits light when activated. When a suitable voltage is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the color of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor.

Because of their long life, fast switching times, and their ability to be seen in broad daylight due to their high output and focus, LEDs have been used in brake lights for cars' high-mounted brake lights, and in turn signals for some time, but many vehicles now use LEDs for their rear light clusters. The use in brakes improves safety, due to a great reduction in the time needed to light fully, or faster rise time, up to 0.5 second faster than an incandescent bulb.

This gives drivers behind more time to react. In a dual intensity circuit (rear markers and brakes) if the LEDs are not pulsed at a fast enough frequency, they can create a phantom array, where ghost images of the LED will appear if the eyes quickly scan across the array. White LED headlamps are starting to be used. Using LEDs has styling advantages because LEDs can form much thinner lights than incandescent lamps with parabolic reflectors.

In a word, Automotive LED lighting is the automotive lighting using LED.

Europe is the largest supplier of Automotive LED Lighting with market share of 42% in 2017. Followed Europe, China is the second largest supplier, with market share of 20.7%.

Europe is the largest consumption market of Automotive LED Lighting with market share of 41% in 2017. China is also the second largest consumption market, following Europe, occupying 22.7% market share.

China is becoming a more and more important market both in production and consumption market. It enjoyed the fast development speed in the last several years.

This industry study presents the global Automotive LED Lighting market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Automotive LED Lighting production, revenue and market share by manufacturers, key regions and type;

The consumption of Automotive LED Lighting in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Koito, Magneti Marelli, etc.

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Automotive LED Lighting Breakdown Data by Type

Exterior Lighting
Interior Lighting

Automotive LED Lighting Breakdown Data by Application

Passenger Car
Commercial Vehicle

Automotive LED Lighting Production by Region

United States
Europe
China
Japan
South Korea
India
Other Regions

The study objectives are:

To analyze and research the global Automotive LED Lighting status and future forecast involving, production, revenue, consumption, historical and forecast.

To present the key Automotive LED Lighting manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.

To segment the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends, drivers, influence factors in global and regions.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Automotive LED Lighting :
History Year: 2014 - 2018
Base Year: 2018
Estimated Year: 2019
Forecast Year: 2019 – 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Automotive LED Lighting market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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Table of Contents

1 Study Coverage

2 Executive Summary

3 Market Size by Manufacturers

4 Automotive LED Lighting Production by Regions

5 Automotive LED Lighting Consumption by Regions

6 Market Size by Type

7 Market Size by Application

8 Key Industry Players

9 Entry Strategy for Key Countries

10 Production Forecasts

11 Consumption Forecast

12 Opportunities & Challenges, Threat and Affecting Factors

13 Key Findings in the Global Automotive LED Lighting Study

14 Appendix

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