Global Automotive LED Lighting Market Size, Share, Forecast Report, 2020-2027
The automotive light emitting diode lighting market is growing because of the low cost of the LED and efficient working of it. LEDs are small, solid light bulbs which are extremely energy efficient and long lasting. The long life of LED lamps was initially attractive, however, low brightness and high cost meant that they were generally restricted to use in dashboards.
Along with technology development in the vehicles, automated LED lighting is one of them. Increased consumption of these can be seen from two wheelers to four wheelers. The adoption of it is growing day by day. The segmentation of it on the basis of position in the vehicle is done. It can be fixed in the front, rear, side and interior of the vehicles. LED lighting ability is to improve total plant productivity. By connecting advanced lighting controls to industrial automation systems, LED lighting can save time and costs, and also provide business intelligence data, reduce waste and redundancies, and enhance plant operations.
The automotive LED lighting market is segmented on the basis of position and adaptive lighting. The position segment consists front, rear, side and interior. The adaptive lighting is segmented on the basis of front adaptive lighting, rear adaptive lighting and ambient adaptive lighting. Adaptive headlights are helpful when driving on winding roads at night, during twilight, or in other low-light conditions. They can address many potentially dangerous situations. Adaptive headlights do not compensate for unsafe driving or poor road conditions. Drivers must still take extra precautions when driving at night, and should continue to use safe driving practices at all times.
The global automotive LED lighting market is expected to grow approximately at USD 20 Billion by 2022, approx.9% of CAGR between 2016 and 2022.
The prominent players in the automotive LED lighting market are Osram Licht AG (Germany), Magneti Marelli S.P.A (Italy), Koito Manufacturing Co.Ltd (Japan), Stanley Electric Co.Ltd (Japan), Mercedes-Benz (Germany), Koninklijke Philips N.V. (Netherlands), Hyundai Group (South Korea), Toyota Motor Corporation (Japan), Tata Motors Limited (India), Zizala Lichtsysteme Gmbh (Austria) among others.
Automotive LED lighting market for segment on the basis of position, vehicle type and adaptive lighting.
Automotive LED Lighting Market by Position:
Automotive LED Lighting Market by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Automotive LED Lighting Market by Adaptive Lighting:
- Front Adaptive Lighting
- Rear Adaptive Lighting
- Ambient Adaptive Lighting