Global Automotive LED Lighting market (2017-2024)- Research Nester

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Global Automotive LED Lighting market Outlook
Industry Insights Opportunity Evaluation,
2017-2024
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Entering New Emerging Markets Launch Viability
of Product Competitive Analysis Industry
Analysis
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Global Automotive LED Lighting market
Overview LED light is a semiconductor which
releases energy in the form of light when
activated. LED lights are more efficient, power
saving and durable than halogen or xenon light.
When an electric voltage is supplied to p and n
junction through leads, electrons started to come
together and release energy in the form of
light. It offers various other advantages over
other lights such as long lasting life and less
CO2 emission. Automotive LED lights are
considered as an important part of modern
automobiles. Traditionally, automotive LED lights
were used as back lights but due to their better
lighting system and power efficiency, nowadays
they are used as headlights over the xenon and
halogen light. Rising growth of automobile
industry across the globe has fostered the
growth of automotive LED lighting system. The
stringent government regulation and policies
regarding the usage of xenon and halogen
automotive lights has led to higher demand for
LED lights. The key trend driving the automotive
LED lighting market is innovation and
development in LED technology. On 7 may, 2017,
Osram, one of the leading manufacturers of
automotive LED lights, announced flexible OLEDs
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).
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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.
The market of global automotive LED light is led
by Asia-Pacific followed by Europe and North Ameri
ca. Europe is expected to
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• 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)

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• 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.

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• 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

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• 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
• Porters Five Force Model Geographical Economic
  Activity

Key Players (respective SWOT Analysis) and
Product Portfolio
their
Strategies and
Recent Trends and Developments Industry Growth
Drivers and Challenges Key Information for Player
s to establish themselves in current dynamic
environment
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Lighting market research, please visit
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ed-lighting- market-global-demand-analysis-opport
unity-outlook-2024/285
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