9.8%+ growth for Automotive LED Lighting Market Size raising to USD 10600 million by 2024

According to this study, over the next five years the Automotive LED Lighting market will register a 9.8% CAGR in terms of revenue, the global market size will reach US$ 10600 million by 2024, from US$ 6050 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive LED Lighting business, shared in Chapter 3.

The automotive lighting system of a motor vehicle consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. This lights the roadway for the driver and increases the conspicuity of the vehicle, allowing other drivers and pedestrians to see a vehicle’s presence, position, size, direction of travel, and the driver’s intentions regarding direction and speed of travel. Emergency vehicles usually carry distinctive lighting equipment to warn drivers and indicate priority of movement in traffic.

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A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p?n junction diode, which emits light when activated. When a suitable voltage is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the color of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor.

Because of their long life, fast switching times, and their ability to be seen in broad daylight due to their high output and focus, LEDs have been used in brake lights for cars’ high-mounted brake lights, and in turn signals for some time, but many vehicles now use LEDs for their rear light clusters. The use in brakes improves safety, due to a great reduction in the time needed to light fully, or faster rise time, up to 0.5 second faster than an incandescent bulb. This gives drivers behind more time to react. In a dual intensity circuit (rear markers and brakes) if the LEDs are not pulsed at a fast enough frequency, they can create a phantom array, where ghost images of the LED will appear if the eyes quickly scan across the array. White LED headlamps are starting to be used. Using LEDs has styling advantages because LEDs can form much thinner lights than incandescent lamps with parabolic reflectors.

In a word, Automotive LED lighting is the automotive lighting using LED.

Europe is the largest supplier of Automotive LED Lighting with market share of 42% in 2017. Followed Europe, China is the second largest supplier, with market share of 20.7%.
Europe is the largest consumption market of Automotive LED Lighting with market share of 41% in 2017. China is also the second largest consumption market, following Europe, occupying 22.7% market share.

China is becoming a more and more important market both in production and consumption market. It enjoyed the fast development speed in the last several years.

A brief run-through of the industry segmentation encompassed in the Automotive LED Lighting market report:

Competitive landscape:

Companies involved: Koito, Magneti Marelli, Valeo, Hella, Stanley, OSRAM, ZKW Group and Varroc

Vital pointers enumerated:

  • Sales area
  • Distribution
  • Company profile
  • Company overview
  • Products manufactured
  • Price patterns
  • Revenue procured
  • Gross margins
  • Product sales

The Automotive LED Lighting market report provides an outline of the vendor landscape that includes companies such as Koito, Magneti Marelli, Valeo, Hella, Stanley, OSRAM, ZKW Group and Varroc. Parameters such as the distribution and sales area, alongside other pivotal details such as the firm profiling and overview have also been mentioned.

The study mentions the products manufactured by these esteemed companies as well the product price prototypes, profit margins, valuation accrued, and product sales.

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Geographical landscape:

Regions involved: USA, Europe, Japan, China, India, South East Asia

Vital pointers enumerated:

  • Product consumption patterns
  • Valuation that each of these regions account for in the industry
  • Market share which every region holds
  • Consumption market share across the geographies
  • Product consumption growth rate
  • Geographical consumption rate

Segmented into USA, Europe, Japan, China, India, South East Asia, as per the regional spectrum, the Automotive LED Lighting market apparently covers most of the pivotal geographies, claims the report, which compiles a highly comprehensive analysis of the geographical arena, including details about the product consumption patterns, revenue procured, as well as the market share that each zone holds.

The study presents details regrading the consumption market share and product consumption growth rate of the regions in question, in tandem with the geographical consumption rate with regards to the products and the applications.

Product landscape

Product types involved: Exterior Lighting and Interior Lighting

Vital pointers enumerated:

  • Market share held by the product
  • Projected valuation of each type
  • Individual product consumption as per value and growth rate
  • Sales value

The Automotive LED Lighting market report enumerates information with respect to every product type among Koito, Magneti Marelli, Valeo, Hella, Stanley, OSRAM, ZKW Group and Varroc, elaborating on the market share accrued, projected remuneration of each type, and the consumption rate of each product.

Application landscape:

Application sectors involved: Passenger Car and Commercial Vehicle

Vital pointers enumerated:

  • Market share held by each application segment
  • Forecast valuation of each application
  • Consumption patterns

The Automotive LED Lighting market report, with respect to the application spectrum, splits the industry into Passenger Car and Commercial Vehicle, while enumerating details regarding the market share held by each application and the projected value of every segment by the end of the forecast duration.

The Automotive LED Lighting market report also includes substantial information about the driving forces impacting the commercialization landscape of the industry as well as the latest trends prevailing in the market. Also included in the study is a list of the challenges that this industry will portray over the forecast period.

Other parameters like the market concentration ratio, enumerated with reference to numerous concentration classes over the projected timeline, have been presented as well, in the report.

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Some of the Major Highlights of TOC covers:

Automotive LED Lighting Regional Market Analysis

  • Automotive LED Lighting Production by Regions
  • Global Automotive LED Lighting Production by Regions
  • Global Automotive LED Lighting Revenue by Regions
  • Automotive LED Lighting Consumption by Regions

Automotive LED Lighting Segment Market Analysis (by Type)

  • Global Automotive LED Lighting Production by Type
  • Global Automotive LED Lighting Revenue by Type
  • Automotive LED Lighting Price by Type

Automotive LED Lighting Segment Market Analysis (by Application)

  • Global Automotive LED Lighting Consumption by Application
  • Global Automotive LED Lighting Consumption Market Share by Application (2014-2019)

Automotive LED Lighting Major Manufacturers Analysis

  • Automotive LED Lighting Production Sites and Area Served
  • Product Introduction, Application and Specification
  • Automotive LED Lighting Production, Revenue, Ex-factory Price and Gross Margin (2014-2019)
  • Main Business and Markets Served

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