Automotive Led Lighting Market By Vehicle Type (Passenger Cars, Commercial Cars) By Sales Channel (OEM, Aftermarket) By Application (Exterior Lighting, Interior Lighting) and Region - Global Forecast to 2026
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20 February 2018
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find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Analysis
- Data Validation
- Final Projections and Conclusion
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The global automotive LED lighting market is estimated to value US$ 3.3 Bn in 2016 and is projected to register a CAGR of 10.5% in terms of value during the forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive led lighting market report has been segmented on the basis of vehicle type, sales channel, application, and region.
Introduction:
Light emitting diode (LED) is a semiconductor that releases light energy when activated. LED lights, when compared to halogen or xenon lights, are more efficient, durable, power-efficient and ambient oriented lights. These are also environment friendly and emit less carbon dioxide. Traditionally, LED lights were used for backlights. However, owing to the above-mentioned advantages, these are used for headlights, indicators, and for interiors as well. LED lighting is considered an important part of modern automobiles, and have redefined aesthetics for passenger and commercial vehicles.
Global Automotive Led Lighting Market Dynamics:
Increasing growth in the automobiles industry has led to high demand for automotive LED lighting globally. Stringent government regulations regarding use of halogen and xenon lights in the recent past has fostered demand for LED lights. Advanced and innovative developments on LED lights over traditional halogen and xenon lights is key factor driving growth of the global automotive LED lighting market. Other factors fueling growth of the global automotive LED lighting market include rising sales of premium, luxury and mid-segment vehicles worldwide, increasing importance of energy-saving, changing preferences for ambient lighting, and high disposable income among consumers in developed and developing countries.
Report Coverage and Deliverables
PDF report and online dashboard will help you understand:- Competitive benchmarking
- Market forecasts
- Company market shares
- Market opportunities
- Latest trends & dynamics
Despite high projected scope for growth of the global automotive LED lighting market due to various positive factors, certain restraining factors remain to consider. Key factors challenging growth of the global automotive LED lighting market include low sales of vehicles in some countries. In addition, high costs involved in LED research and development is hampering growth of the market. However, efforts by major manufacturers to differentiate their products in terms of design, cost-effectiveness, versatility, and new ambient LED techniques to strengthen their respective customer bases is expected to boost market growth.
Global Automotive Led Lighting Market Analysis:
Market analysis by vehicle type:
Among the two vehicle type segments, the passenger vehicle segment in the global automotive LED lighting market is estimated to account for major revenue share of over 60% in 2017, and is expected to continue its dominance over the forecast period. The commercial vehicle segment is expected to register moderate growth, owing to adoption of xenon lights from bus, trucks and other vehicles. In addition, cost-effectiveness of automotive LED lighting technology which enables wide scale of adoption is a key factor driving growth of the LED lighting in commercial vehicle segment.
Market analysis by sales channel:
Among the two sales channel type segments, the OEM segment in the global automotive LED lighting market is estimated to account for major share of over 70% in 2017 in terms of revenue, owing to increasing preference for pre-installed LED lighting, especially in developed countries.
Market analysis by application:
Among the application segments, exterior lighting and interior lighting, the exterior lighting segment is estimated to account for more than 80% in 2016 in the global market.
Market analysis by region:
Asia Pacific market is expected to account for major share of over 30% in 2017 in terms of revenue contribution to the global automotive LED lighting market, followed by Europe and North America respectively.
Increasing government initiatives, and overall low vehicle production cost, demand for energy efficient, bright light with higher durability LED lights is expected to support growth of the automotive LED lighting market in Asia Pacific.
Increasing preference for LED lighting among passenger-car owners in countries in this region, owing to product features such as less electricity and better visibility is expected to result in increasing demand for LED lighting in Asia Pacific. In addition, presence of prominent market players through partnership and acquisition in this region is expected to boost growth of the Asia Pacific automotive LED lighting market.
Technological advancements such as development of safety lighting features namely, adaptive headlights and taillights and matrix led systems, where a camera mounted behind rear-view mirror detects the headlights or tail-lights of the vehicles and relays this information to an electronic responsive control unit. Increasing integration of such lighting products into vehicle styling is providing great opportunities to manufacturers operating in this region, especially in the market in India.
Rising preference by pre-owned car owners for aftermarket solutions in Asia Pacific region and presence of prominent players such as Changzhou Xingyu Automotive Lighting System Co, Ltd., TYC Brother Industrial Co., Ltd., etc. is expected to boost growth of automotive LED lighting market in Asia Pacific.
Japan is the leading market, and contributes majority revenue share to the Asia Pacific automotive LED lighting market.
Europe market is expected to witness exponential rise in terms of growth and demand for automotive LED lights over the forecast period, owing to technological advancements and increasing adoption of LED lights in luxury cars. Increasing disposable income in developed countries and demand for advanced lighting systems by consumers using passenger and commercial vehicles and various product features such as DRL (Daytime running lamp) system and µAFS LED headlights are expected to drive growth of the automotive LED lighting market in this region.
Adoption of energy efficient lighting systems such as LED in passenger vehicles, coupled with increasing automotive production in countries such as UK, Germany, and Italy are some factors expected to support growth of the automotive LED lighting market in Europe. For instance, according to the IOMVM (International Organization of Motor Vehicle Manufacturers) in 2016, the production of vehicles in UK was increased by 8.05% as compared to previous year.
Global Automotive Led Lighting Market Segmentation:
Global automotive LED lighting market segmentation by vehicle type:
- Passenger Cars
- Commercial Cars
Global automotive LED Lighting Market segmentation by sales channel:
- OEM
- Aftermarket
Global automotive LED Lighting Market segmentation by application:
- Exterior Lighting
- Interior Lighting
Global automotive LED Lighting Market segmentation by region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Particular Scope Region - North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$ -
- HELLA GmbH & Co. KGaA
- Magneti Marelli S.p.A.
- Valeo SA.
- Koito Manufacturing Co. Ltd.
- Lumberg Holding GmbH & Co. KG
- Stanley Electric Co., Ltd.
- Philips Lighting NV
- Osram Licht AG
- Toyoda Gosei Co., Ltd.
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1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Vehicle Type
- 2.2.2 Market Snapshot, By Sales Channel
- 2.2.3 Market Snapshot, By Application
- 2.2.4 Market Snapshot, By Region
- 2.2.5 Prudour Opportunity Map Analysis
- 3.0.1 Global Automotive LED Lighting Market Dynamics
- 3.1 Drivers (D)
- 3.2 Restraint (R)
- 3.3 Opportunities
- 3.4 DO Impact Analysis
- 3.5 Trends
- 3.6 PEST Analysis
- 4.0.1 Global Automotive LED Lighting Market Segment Analysis, by Vehicle Type
- 4.0.2 Overview
- 4.0.3 Segment Trends
- 4.0.4 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 4.1 Passenger Vehicle
- 4.1.1 Overview
- 4.1.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 4.2 Commercial Vehicle
- 4.2.1 Overview
- 4.2.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 5.0.1 Global Automotive LED Lighting Market Segment Analysis, by Sales Channel
- 5.0.2 Overview
- 5.0.3 Segment Trends
- 5.0.4 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 5.1 OEM
- 5.1.1 Overview
- 5.1.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 5.2 Aftermarket
- 5.2.1 Overview
- 5.2.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 6.0.1 Global Automotive LED Lighting Market Segment Analysis, by Application
- 6.0.2 Overview
- 6.2.3 Segment Trends
- 6.0.4 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 6.1 Exterior
- 6.1.1 Overview
- 6.1.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 6.2 Interior
- 6.2.1 Overview
- 6.2.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.0.1 Global Automotive LED Lighting Market Analysis, By Region
- 7.0.2 Overview
- 7.0.3 Regional Trends
- 7.0.4 Market Share and Forecast, and Y-o-Y Growth, 2016-2026, (US $ Mn)
- 7.1 North America
- 7.1.1 Overview
- 7.1.2 Country Trends
- 7.1.3 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.1.4 U.S.
- 7.1.4.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.1.5 Canada
- 7.1.5.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.2 Europe
- 7.2.1 Overview
- 7.2.2 Country Trends
- 7.2.3 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.2.4 Germany
- 7.2.4.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.2.5 UK
- 7.2.5.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.2.6 France
- 7.2.6.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.2.7 Italy
- 7.2.7.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.2.8 Russia
- 7.2.8.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.2.9 Rest of Europe
- 7.2.9.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.3 Asia Pacific
- 7.3.1 Overview
- 7.3.2 Country Trends
- 7.3.3 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.3.4 China
- 7.3.4.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.3.5 India
- 7.3.5.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.3.6 Japan
- 7.3.6.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.3.7 Australia
- 7.3.7.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.3.8 Rest of Asia Pacific
- 7.3.8.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.4 Latin America
- 7.4.1 Overview
- 7.4.2 Country Trends
- 7.4.3 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.4.4 Brazil
- 7.4.4.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.4.5 Mexico
- 7.4.5.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.4.6 Rest of Latin America
- 7.4.6.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.5 Middle East & Africa
- 7.5.1 Overview
- 7.5.2 Country Trends
- 7.5.3 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.5.4 GCC
- 7.5.4.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.5.5 South Africa
- 7.5.5.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.5.6 Israel
- 7.5.6.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 7.5.7 Rest of Middle East & Africa
- 7.5.7.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Mn)
- 8.0.1 Heat Map Analysis
- 8.0.2 Company Profiles
- 8.1 HELLA GmbH & Co. KGaA
- 8.1.1 Company Overview
- 8.1.2 Product Portfolio
- 8.1.3 Financial Overview
- 8.1.4 Key Developments
- 8.1.5 SWOT Analysis
- 8.2 Magneti Marelli S.p.A.
- 8.2.1 Company Overview
- 8.2.2 Product Portfolio
- 8.2.3 Financial Overview
- 8.2.4 Key Developments
- 8.2.5 SWOT Analysis
- 8.3 Valeo SA.
- 8.3.1 Company Overview
- 8.3.2 Product Portfolio
- 8.3.3 Financial Overview
- 8.3.4 Key Developments
- 8.3.5 SWOT Analysis
- 8.4 Koito Manufacturing Co. Ltd.
- 8.4.1 Company Overview
- 8.4.2 Product Portfolio
- 8.4.3 Financial Overview
- 8.4.4 Key Developments
- 8.4.5 SWOT Analysis
- 8.5 Lumberg Holding GmbH & Co. KG
- 8.5.1 Company Overview
- 8.5.2 Product Portfolio
- 8.5.3 Financial Overview
- 8.5.4 Key Developments
- 8.5.5 SWOT Analysis
- 8.6 Stanley Electric Co., Ltd.
- 8.6.1 Company Overview
- 8.6.2 Product Portfolio
- 8.6.3 Financial Overview
- 8.6.4 Key Developments
- 8.6.5 SWOT Analysis
- 8.7 Philips Lighting NV
- 8.7.1 Company Overview
- 8.7.2 Product Portfolio
- 8.7.3 Financial Overview
- 8.7.4 Key Developments
- 8.7.5 SWOT Analysis
- 8.8 Osram Licht AG
- 8.8.1 Company Overview
- 8.8.2 Product Portfolio
- 8.8.3 Financial Overview
- 8.8.4 Key Developments
- 8.8.5 SWOT Analysis
- 8.9 Toyoda Gosei Co., Ltd.
- 8.9.1 Company Overview
- 8.9.2 Product Portfolio
- 8.9.3 Financial Overview
- 8.9.4 Key Developments
- 8.9.5 SWOT Analysis
- 8.10 Neolite ZKW Lightings Pvt. Ltd.
- 8.10.1 Company Overview
- 8.10.2 Product Portfolio
- 8.10.3 Financial Overview
- 8.10.4 Key Developments
- 8.10.5 SWOT Analysis
- 9.1 Research Methodology
- 9.1.1 About Us
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Secondary Research: An exhaustive secondary research is carried through both paid and free sources. It involves understanding critical data related to the market. Sources for secondary research include: Government websites Industry Associations Trade & Research Journals Company websites (annual reports, press releases, product brochures, etc. Import-Export Data Factiva, Morningstar, etc. Primary Research: Extensive interviews are held with key market participants through email interactions, online surveys, paid telephonic interviews, face-to-face interviews, etc., to gain a perspective on the market conditions, trends, developments, challenges, etc. Sources for primary research include: CXOs, Global Heads, VPs, Sales/ Purchase/ Product Managers of Key Market Players Distributors, Wholesalers, Retailers, Vendors of Products and Services End-Users belonging to each application industry
Key Opinion Leaders (KOL) and Industry Experts: are credible, well-respected influencers in each industry with proven expertise and thought-leadership in the particular field, with a sound knowledge of the industry. We validate our initial research findings with these experts and try to understand their aspect to gain a deeper understanding of the current market trends, competitive landscape, market scope, disruptive technologies, etc. This helps us validate and strengthen our research findings, enhance the team’s expertise, and offer a clear understanding of the target market. All possible factors that influence the market are taken into consideration, such as: Capacity and Production Average Selling Price Total Customer Base Regulatory and Policy Changes Economic factors – Population, GDP, GDP Growth Rate, Inflation, Investments, etc
Triangulation and Analysis: Post collection of the data from all sources and validation from industry experts, we triangulate the market with both a top-down and bottom-up approaches to eliminate any margin for errors. These methods aid us in estimating the market size, market share of manufacturers, regions segments, product segments and applications (end users). In-house Data Modeling Tool: our proprietary data modeling tool is designed to apply a combination of methods to provide accurate market size with the historical and forecasted data and growth rates. The percentage splits, Market Share (%), and breakdowns of the product segments are derived based on weightage assigned to each of the segments based on their utilization rate and average sale price. The regional splits of the overall target market and its sub-segments are based on the given product's percentage adoption or penetration rate in the respective region or country.
Final Presentation: After the triangulation and analysis, we derive the market engineering data with the breakdown for all product segments, applications, and regions. The final report, along with the market dynamics, key USPs of the market are presented in a graphical and tabular format to provide a clear understanding to the client and provide a quick snapshot regarding the market, with the additional data to support the market estimations. .
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