Press release
Automotive Light Emitting Diode (LED) Bulbs Market | Industry Outlook, Estimated Yield, New Opportunities, Recent Development And Challenges, And Forecast To 2030
Automotive Light Emitting Diode (LED) Bulbs Market
The automotive light emitting diode (LED) bulbs report describes and explains the global automotive light emitting diode (LED) bulbs and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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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.
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%.
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Some of the major players of 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, Koito Manufacturing, Stanley Electric Co. Ltd., Mercedes-Benz, Koninklijke Phillips, Hyundai Group, Toyota Motor Corporations, Zizala Corporations, Lichtsysteme Gmbh, Automotive Lighting, Flextronics Automotive GmbH & Co. KG (formerly Sidler Automotive), Grupo Antolin Irausa, S.A., Ichikoh Industries, Ltd., SL Corporation.
The countries covered in the global automotive light emitting diode (LED) bulbs 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 are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global automotive light emitting diode (LED) bulbs market is segmented -
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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Few Points From Table Of Content
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
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