Press release
Automotive Light Emitting Diode (LED) Bulbs Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2030
Automotive Light Emitting Diode (LED) Bulbs Market
The global automotive light emitting diode (LED) bulbs market is expected to grow from $9.13 billion in 2020 to $9.69 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $14.54 billion in 2025 at a CAGR of 11%.
The Business Research Company offers "Automotive Light Emitting Diode (LED) Bulbs Global Market Report 2021" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.
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The automotive light emitting diode bulb manufacturing market consists of sales of LED automobile bulbs that are an upgrade over the standard filament bulbs used in sidelights, fog lights, brake lights, indicators, number plates and more. LED bulbs give off a bright, distinctive glow and last longer than standard bulbs, with up to 5000 hours of rated life.
Some of the key players involved in the Automotive Light Emitting Diode (LED) Bulbs Market are SG Automotive, Hella, KOITO, Magneti Marelli, OSRAM, Valeo, Stanley Electric Co. Ltd., Varroc, Koninklijke Philips N.V., Magneti Marelli
The countries covered in the global Automotive Light Emitting Diode (LED) Bulbs Market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global Automotive Light Emitting Diode (LED) Bulbs Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Automotive Light Emitting Diode (LED) Bulbs Market Segmentation:
1) By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle(HCV)
2) By Adaptive Lighting: Front Adaptive Lighting, Rear Adaptive Lighting, Ambient Adaptive Lighting
3) By Sales Channel: OEM, Aftermarket
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A Few Points From The Table Of Contents
1. Executive Summary
2. Automotive Light Emitting Diode (LED) Bulbs Market Characteristics
3. Automotive Light Emitting Diode (LED) Bulbs Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Light Emitting Diode (LED) Bulbs
5. Automotive Light Emitting Diode (LED) Bulbs Market Size And Growth
.....
26. Africa Automotive Light Emitting Diode (LED) Bulbs Market
27. Automotive Light Emitting Diode (LED) Bulbs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Light Emitting Diode (LED) Bulbs Market
29. Automotive Light Emitting Diode (LED) Bulbs Market Future Outlook and Potential Analysis
30. Appendix
The report covers the trends and market dynamics of the Automotive Light Emitting Diode (LED) Bulbs Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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