Press release
Automotive LED Bulbs Market Analysis and Forecast 2024
Automotive LED Bulbs Market Analysis
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=2630&type=smp
According to The Business Research Company's, The automotive light emitting diode (led) bulbs market size has grown strongly in recent years. It will grow from $9.32 billion in 2023 to $10.23 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to energy efficiency awareness, regulatory standards, safety and visibility, aesthetics and design.
The automotive light emitting diode (led) bulbs market size is expected to see rapid growth in the next few years. It will grow to $15.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to electric vehicle (ev) growth, autonomous vehicles, smart lighting and connectivity, sustainability and green practices, advanced driver assistance systems (adas). Major trends in the forecast period include matrix led headlights, animated lighting, miniaturization, customization and personalization, lidar integration.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/automotive-light-emitting-diode-bulbs-global-market-report
Market Drivers and Trends:
Technological advancements in automotive light emitting diode (LED) technology are expected to drive automotive light emitting diode (LED) bulbs market growth. Some of the new technologies include µAFS LED headlights, bend lighting headlamps, and flexible OLED for vehicle lighting. For example, in January 2022, Magnachip Semiconductor Corporation, a Luxembourg-based designer and manufacturer of analog and mixed-signal semiconductor platform solutions, introduced its organic light-emitting diode display integrated circuit (OLED DDIC) to offer next generation OLED DDIC for automotive displays. The OLED DDIC is produced for automotive based on the 40 nm processs technology that are designed for center stack displays and instrument cluster displays to offer wide range of resolutions including FHD suited for both rigid and flexible OLED displays. Additioinally this next generation DDIC is made as an "all-in-one solution," which means that source drivers, gate drivers and timing controllers are integrated on a single chip which reduces the production cost.Thus, increasing technology adoption is expected to drive the demand for advanced growth of the automotive light emitting diode (LED) bulbs market products going forward.
With increasing awareness about global warming and carbon emissions, customers are increasingly using Organic LED, whose emitting panels are made of organic material. They can also be color tuned and are used to make light panels. For instance, car manufacturers BMW and Audi are using OLED taillights due to their flexibility, efficiency, and homogeneity.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
SG Automotive, Hella, KOITO, Magneti Marelli, OSRAM, Valeo, Stanley Electric Co. Ltd., Varroc Lighting Systems, Koninklijke Philips N.V., Mercedes-Benz, Hyundai Group, Toyota Motor Corporations, Zizala Corporations, Automotive Lighting, Flextronics Automotive GmbH & Co. KG (formerly Sidler Automotive), Grupo Antolin, Irausa S.A., Ichikoh Industries Ltd., SL Corporation, NAOEVO, ZKW Group, Lumileds Holding B.V., General Electric, Cree Inc., Diode Dynamics, Morimoto, GTR Lighting, J.W. Speaker Corporation, Baja Designs, Vision X, Rigid Industries, KC HiLiTES, Anzo USA, Putco, Oracle Lighting, Auxbeam, Fahren, SEALIGHT, BEAMTECH, HIKARI, Lasfit
Automotive Light Emitting Diode (LED) Bulbs Market 2024 Key Insights:
• The automotive light emitting diode (led) bulbs market size is expected to see rapid growth in the next few years. It will grow to $15.1 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
• Technological Advancements In Automotive Light Emitting Diode (LED) Bulbs Market
• The Growing Popularity Of Organic Light Emitting Diode (OLED) In Automotive Lighting
• Asia-Pacific was the largest region in the automotive light emitting diode bulbs market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=2630&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive LED Bulbs Market Analysis and Forecast 2024 here
News-ID: 3725298 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
