Press release
Automotive LED Lights Market Competitive Research And Precise Outlook 2022 To 2027: Koito, Hella, Valeo, Magneti Marelli, Stanley, ZKW Group
The Automotive LED Lights Market 2022 provides a unique tool for evaluating the Market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Automotive LED Lights Market forecast 2028.The global automotive LED light market is estimated at USD 6.4 Billion in 2022 and is forecast to surpass USD 14.7 Billion by 2027, growing at a CAGR of 8.6% from 2022 to 2027.
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Top Key Players are:
Koito, Hella, Valeo, Magneti Marelli, Stanley, ZKW Group, Varroc, SL Corporation, Ichikoh, DEPO, Imasen, Farba
Recent Developments
In January 2022 , HELLA launched the new Black Magic LED series on the European market. Its dustproof and waterproof housing and robust construction is specially designed for off-road applications. Depending on the variant they provide outstanding off-road illumination with up to 15,000 lumens. A specially developed reflector ensures a homogeneous illumination. In addition, the integrated, intelligent thermal management system ensures adaptation to the ambient temperature and thus always provides an optimal light output and a longer lifetime of the LEDs. The Black Magic LED series are available as floodlight or spotlight versions and can be mounted vertically or in a suspended manner or they can be integrated into the bodywork or bumper.
In December 2021, Bosch's lunched new 4W (four-wheeler) lighting bulbs the Gigalight 120, 150, the Sportec Bright 4000K and the LED Retrofit ideal for almost any vehicle. The Bosch Bulbs Gigalight 120, 150, the Sportec Bright 4000K and the LED Retrofit provide motorists the luminosity they need to vividly see road signs or obstacles ahead, in under any weather circumstances.
In April 2019, Hella signed a strategic cooperation agreement with Wuling Automotive Industry, which belongs to the Chinese Guangxi Automobile Group. Both partners intended to work together on automotive lighting technologies for the Chinese market, with a focus on the development of headlamps for the volume segment.
In January 2019, Hella launched Shapeline lamps, work lights, auxiliary lamps, warning lights, and accessories. The company equipped a show truck with lighting solutions that were developed for trucks and trailers.
In November 2018, Hella and Faurecia entered into a strategic collaboration to partner on interior lighting solutions for the cockpit. Both companies jointly developed lighting solutions in the domain of surface-lighting and dynamic-lighting for a personalized cockpit environment. Faurecia contributed its expertise as a complete system integrator for vehicle interiors, while Hella supplied innovative products in the field of interior lighting.
Market Overview:
The automotive industry is in the midst of a technological revolution characterized by the convergence of new technology with traditional car manufacturing. With the increasing trend of electric vehicles, automotive lighting manufacturers are developing new lighting technologies to replace the old traditional lights. Electric vehicle manufacturers are launching new vehicle models with the best cabin interiors. For instance, in September 2020, Lucid Motors launched Lucid Air, a luxurious electric sedan that offers a full-size luxury-class interior, which is based on Lucid's exclusive Space Concept philosophy.
Market segment by Type, the product can be split into
Exterior LED Lights
Interior LED Lights
Market segment by Application, split into
Passenger Car
Commercial Vehicle
Regional Analysis For Automotive LED Lights Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Automotive LED Lights Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the ### Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2022-2028.
Crucial Elements from the Table of Contents of Global Automotive LED Lights Market:
- Automotive LED Lights Market Overview
- Global Automotive LED Lights Market Competition, Profiles/Analysis, Strategies
- Global Automotive LED Lights Capacity, Production, Revenue (Value) by region (2017-2021)
- Global Automotive LED Lights Supply (Production), Consumption, Export, Import by Region (2017-2021)
- Global Automotive LED Lights Market Regional Highlights
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Decisions with respect to present scenario
- Global Automotive LED Lights Market Forecast (2022-2028)
- Case Studies
- Research Findings and Conclusion
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Reasons to Purchase this Report:
-Includes an in-depth analysis of the Responsive Automotive LED Lights market of various perspectives through Porter's five forces analysis.
-Provides insight into the Responsive Automotive LED Lights market through Value Chain Analysis.
-Responsive Automotive LED Lights Market dynamics scenario, along with growth opportunities of the market in the years to come.
-6-month post-sales analyst support.
Customization services available with the report:
-15% Free customization.
-Five Countries can be added as per your choice.
-Five Companies can add as per your choice.
-Free customization up to 40 hours.
-post-sales support for 1 year from the date of delivery.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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