Press release
Global Automotive LED Lighting market (2017-2024)- Research Nester
On 7 may, 2017, Osram, one of the leading manufacturers of automotive LED lights, announced flexible OLED’s for vehicle lighting. Further, on 31st January, Magneti Marelli, one of the key companies, announced their investment of USD 35 million for an automotive lighting facility in Independence Township (MI).
Market Size and Forecast
The global automotive LED lighting market is anticipated to reach USD 21.56 billion witnessing a CAGR of 8.92 % over the forecast period 2017-2024. Asia-Pacific accounted for the highest market share in the terms of volume in overall global market. The market is expected to continue its dominance over the forecast period. Further, it is anticipated to maintain its dominance owing to the heavy demand for cost effective automotive LED lights and increasing automobile production. The presence of automotive LED lighting manufacturing industries in Japan is expected to bolster the automotive LED light market over the forecast period.
For Sample Pages please go through link below:
http://www.researchnester.com/sample-request/2/rep-id-285
The market of global automotive LED light is led by Asia-Pacific followed by Europe and North America. Europe is expected to showcase a significant rise in automotive LED light over the forecast period owing to the development of technologically advance LED lights used in luxury cars. Moreover, presently Europe and Asia (mainly Japan) accounts for more than 80% market share of the global automotive LED lighting market.
Market Segmentation
Our in-depth analysis segmented the global automotive LED market in the following segments:
By Vehicle Type:
Passenger Car
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
By Adaptive Lighting:
Front Adaptive Lighting
Rear Adaptive Lighting
Ambient Adaptive Lighting
By Position:
Exterior ( front, rear and side)
Interior
By Region
Automotive LED lighting market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea & Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Growth Drivers and Challenges
Rising concern about energy efficiency and expanding sales of automotive vehicles is predicted to trigger the growth of global automotive LED lighting market. The need for cost effective, better lighting system and less power consumption are some of the key factors driving the LED market in automotive. Moreover, rising demand and sales of lightweight vehicles are one of key factors fueling the demand for global automotive LED market. Further, government legislations such as putting ban on the use halogen and xenon light is expected to augment the growth of the automotive LED market.
However, high cost of new technologically advanced LED lights is projected to dampen the growth of global automotive LED light market. Moreover, xenon and halogen automotive lights have captured the largest market share of global automotive LED market system.
Key players
SG Automotive
Mercedes Benz
Osram Licht AG
Magneti Marelli S.P.A
Koninklijke Philips N.V.
Stanley Electric Co.Ltd
Hyundai Group
Toyota Motor Corporation
Zizala Lichtsysteme Gmbh
Koito Manufacturing Co.Ltd
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global Automotive LED lighting market is segmented as follows:
By Vehicle Type Market Size & Y-O-Y Growth Analysis
By Adaptive Lighting Market Size & Y-O-Y Growth Analysis
By Position Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
To know more about this research, kindly visit: http://www.researchnester.com/reports/automotive-led-lighting-market-global-demand-analysis-opportunity-outlook-2024/285
Research Nester is a global market research and consulting firm helping organizations, private entities, governments undertaking, non-legislative associations and non-profit organizations. With our decades of experience in the market research, we help our clients to gain a competitive edge over other players. Thus, helping them making strategic yet dynamic decisions for the future investments.
Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
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 Global Automotive LED Lighting market (2017-2024)- Research Nester here
News-ID: 582671 • Views: …
More Releases from Research Nester Pvt Ltd
Chemical Fertilizers Market Outlook By Industry Size, Share, Revenue, Regions An …
The chemical fertilizers market has been segmented into macronutrients, micronutrients, application and forms. Based on macronutrients, the market has been segmented into nitrogen based fertilizers, phosphate based fertilizers and potash based fertilizers.
Among these segments, the nitrogen based fertilizers are estimated to dominate the market by holding the largest share of approximately 50%. This can be attributed to the absorption of nitrogen by plants. In 2013, the demand for nitrogen…
Glass Coating Market Overview By Share, Size, Industry Players, Revenue And Prod …
The global glass coating market is segmented by coating type into pyrolytic coating, magnetic sputtering coating and sol-gel coating; by technology into liquid glass coating and nano glass coating; by application into construction, paints & coating, automotive, aviation and others and by regions.
According to Federal Reserve Bank of Chicago represents increase in sales of light vehicle in China by 2.1%, Latin America by 6.2%, Europe by 2.6%, and Rest…
Insect Repellent Market Outlook By Industry Size, Share, Revenue, Regions And To …
The global insect repellent market is segmented by repellent type into coils, liquid vaporizers, sprays/aerosol, mats, cream and oil; by ingredient into natural and synthetic; by sales channel into online and offline and by regions. The insect repellent market is anticipated to mask a CAGR of 8.3% during the forecast period i.e. 2019-2027.
The rising penetration of insect repellents in untapped rural markets across the developing countries as well as…
Waterproofing Chemicals Market 2017 Share Growing Rapidly With Latest Trends, De …
The global waterproofing market is segmented on the basis of type, application and end-use. The market is segmented on the basis of type, it is segmented into Bitumen, PVC, TPO and EPDM. Bitumen leads the product segment in 2017 on the account of superior properties which include high viscosity, resistance to UV light and better binding nature. On the basis of application, it is segmented into Roofing and Walls, Flooring,…
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…
