The Automotive LED Lighting Global Market Report 2023, provides comprehensive information on the automotive led lighting market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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The global automotive LED lighting market is poised for robust growth, transitioning from $17.59 billion in 2022 to $18.85 billion in 2023, demonstrating a noteworthy compound annual growth rate (CAGR) of 7.2%. However, the Russia-Ukraine conflict has cast a shadow over global economic recovery following the COVID-19 pandemic, prompting economic sanctions, escalating commodity prices, and introducing supply chain disruptions. Consequently, these factors have contributed to inflation across goods and services, exerting a widespread impact on various global markets. Despite these challenges, the global automotive LED lighting market is anticipated to achieve a market size of $24.29 billion by 2027, underlining a CAGR of 6.5%.
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In the automotive LED lighting market, a prominent trend is the surge in product innovations. Key players in this market are actively rolling out cutting-edge products to maintain their market presence. A noteworthy example is Hyundai, a South Korean-based automotive supplier, which recently unveiled its ‘Lighting grille’ technology powered by LED lighting. This innovative solution incorporates a dynamic grille with active flaps, optimizing aerodynamics and engine cooling. Notably, it offers distinct features like an auto-driving mode and the ability to display diverse scenarios such as autonomous driving mode, EV charging mode, welcome light, and emergency warning light, setting it apart from conventional technological offerings.
The automotive led lighting market is segmented:
1) By Propulsion Type: Internal Combustion Engine (ICE), Electric, Other Propulsion Types
2) By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Bus, Other Vehicle Types
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
4) By Application: Exterior Lighting, Interior Lighting
North America was the largest region in the automotive led lighting market in 2022.
Top 5 Major Key Players Are:
Hyundai Mobis
Hella KGaA Hueck & Co
Koito Manufacturing Co Ltd
Marelli Holdings Co. Ltd
Osram Licht AG
Table Of Contents
1. Executive Summary
2. Automotive LED Lighting Market Characteristics
3. Automotive LED Lighting Market Trends And Strategies
4. Automotive LED Lighting Market – Macro Economic Scenario
5. Automotive LED Lighting Market Size And Growth
…….
26. Africa Automotive LED Lighting Market
27. Automotive LED Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive LED Lighting Market
29. Automotive LED Lighting Market Future Outlook and Potential Analysis
30. Appendix
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