Press release
Automotive LED Lighting Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Valeo SA and OSRAM Group are key players.
Over the forecast period, factors such as rising concern for road safety, rising demand for cutting-edge automotive technology, and rising use of electronic systems in vehicles are likely to boost the expansion of the worldwide automotive LED lighting market.As per the report, the Automotive LED Lighting market is expected to grow steadily during the forecast period.
In automotive vehicles, lighting is essential to highlight the vehicle's route and provide the driver with a good view of the road. Along with providing the necessary lighting for the driver's route, the lighting system aids other drivers and pedestrians on the road in recognizing the vehicle's size, location, and motion. In addition, it enhances the visual appeal of the vehicle's interior and external components while making it more noticeable.
These days, LED lighting technology is widely used. DRLs, now standard equipment on many automobiles, are mostly made of LEDs. These lights are often fitted in high-end automobiles like the Audi A7 and BMW X7, but because of developments in technology and falling costs, they are now widely used in affordable cars as well. Across the world, several nations are setting rules for fuel-efficient automobiles and cutting the dangerous CO2 emissions from vehicles. In addition, the car industry is required by European Commission legislation to implement effective steps to lower CO2 emissions from vehicles. Due to their excellent power efficiency and low CO2 emissions, LED lighting solutions are becoming increasingly popular among vehicle manufacturers.
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The automotive LED lighting market has been segmented into position type, vehicle type, and geography.
The market has been classified by position type as Interior, Front, Rear, and Side. The growing adoption of an electrochemical sensor in several regions is anticipated to drive the market's growth. Based on vehicle type, the classification has been done into Cars, Two-wheelers, and others. Advanced LED lighting is widely used in passenger cars, unlike other vehicles, including LCVs, buses, and lorries. Increased vehicle sales and customer willingness to pay for automobiles are projected to drive the Automotive LED Lighting Market in this sector. An increase in yearly output will most likely fuel growth in the category throughout the predicted period.
By region, due to the rapidly expanding automotive industry in emerging nations like India, China, and South Korea, the Asia-Pacific region now owns a sizable proportion of the global market. Europe and North America are anticipated to dominate the automotive LED lighting market.
The major players covered in the Automotive LED Lighting Market study are General Electric Company, Hyundai Mobis Co Ltd, Hella GmbH & Co KGaA, Valeo SA, OSRAM Group, Koninklijke Philips NV, Denso Corporation, Stanley Electric Co Ltd, Robert Bosch GmbH and Aptiv PLC.
This Automotive LED Lighting Market has been analyzed into the following segments:
• By Position
o Interior
o Front
o Rear
o Side
• By Vehicle Type
o Cars
o Two-wheelers
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Others
o The Middle East and Africa
• Saudi Arabia
• UAE
• Others
o Asia Pacific
• China
• India
• Japan
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
Related Reports:
• https://www.knowledge-sourcing.com/report/automotive-rain-sensor-market
• https://www.knowledge-sourcing.com/report/automotive-lighting-system-market
• https://www.knowledge-sourcing.com/report/global-automotive-electric-power-steering-market
• https://www.knowledge-sourcing.com/report/global-automotive-parking-sensor-market
• https://www.knowledge-sourcing.com/report/led-chip-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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