Press release
Automotive LED Lighting Market Top Key Players- Valeo, Magnetti Marelli S.p.A(Now acquired by Calsonic Kansei), HELLA KGaA Hueck & Co, ZKW Group, OSRAM GmbH, Koito Co, Ltd, Stanley Electric Co.Ltd
The price of LEDs is 3x4 times higher than conventional halogen-based lighting. LEDs are growing rapidly, but for cost reasons, the majority of automotive lighting in emerging markets is still halogen-based.
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AUTOMOTIVE LED LIGHTING MARKET SHARE
Currently, the global automotive LED lighting market is highly integrated (the top 3 companies have a cumulative market share of over 50%). However, thanks to many immigrants, we expect the market to open in the next few years. Although the EBITDA margin for automotive LED lighting suppliers is around 812% in 2019, it is expected to increase by 120150 basis points by 2025 due to the growing penetration of LEDs.
AUTOMOTIVE LED LIGHTING MARKET TRENDS
• In Europe, affordable hatchbacks for Fiat, Renault and PSA cars have had low penetration of LED lighting technology.
• Round (100%) LED lighting is becoming a trend in the premium segment. Almost all OEMs are adopting LEDs, so front light HIDs are being phased out, and LED headlights have been the top trend since 2014.
• In China, the top 20 selling premium cars are equipped with LEDs (headlights, taillights, DRL, ambient light) as standard.
• Premium cars like the BMW (X7, 7series, X5) and Audi A8L will come standard with laser headlights for the upper models in China and as an option for the lower models.
• At present, the use of LEDs in two-wheeled vehicles is mainly aimed at improving aesthetic styling, and is not related to improving luminance. Therefore, we believe that LEDs in two-wheeled vehicles are a premium product and provide consumers with immeasurable value. Although 2020 has not been a good year for the growth of LEDs in two-wheeled vehicles, further growth in penetration is expected after 2021.
AUTOMOTIVE LED LIGHTING MARKET SEGMENTATION
BY APPLICATION
• Headlamps
• Tail lamps
• Interior
• Signaling
BY VEHICLE TYPE
• Passenger
• Commercial
• Two- wheeler
BY GEOGRAPHY
• China
• US
• Japan
• ASEAN
• 6 other countries
COMPANY PROFILES
• Valeo
• Magnetti Marelli S.p.A(Now acquired by Calsonic Kansei)
• HELLA KGaA Hueck & Co
• ZKW Group
• OSRAM GmbH
• Koito Co, Ltd
• Stanley Electric Co.Ltd
• Ichikoh Industries(Now acuired by Valeo)
• Hyundai Mobis Co., Ltd
• Varroc Lighting Solutions
• Minda Industries Ltd
• Lumax Industries
• Fiem Industries
• Rigid Industries
Read More Information: https://mobilityforesights.com/product/automotive-led-lighting-market/
Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka
About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.
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