Asia Pacific Automotive LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 3.98 Billion |
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Market Size (2030) | USD 7.51 Billion |
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Largest Share by Automotive Utility Lighting | Headlights |
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CAGR (2024 - 2030) | 11.13 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Automotive LED Lighting Market Analysis
The Asia Pacific Automotive LED Lighting Market size is estimated at 3.98 billion USD in 2024, and is expected to reach 7.51 billion USD by 2030, growing at a CAGR of 11.13% during the forecast period (2024-2030).
3.98 Billion
Market Size in 2024 (USD)
7.51 Billion
Market Size in 2030 (USD)
20.16 %
CAGR (2017-2023)
11.13 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
52.84 %
value share, Headlights, 2023
The total sales of LEDs in this category is expected to reach USD 1,947.6 million by 2023. It is driven by government regulations and the need for safe driving.
Largest Segment by Automotive Vehicle Lighting
64.36 %
value share, Passenger Cars, 2023
The EV markets in Indonesia, Thailand, Singapore, and India are all expanding quickly, and in the next ten years, this expansion is only expected to pick up speed.
Largest by Country
44.92 %
value share, China, 2023
The number of cars registered in China increased by around 10% in 2022, reaching about 23.24 million units. In terms of sales and demand in 2022, minivans, SUVs, and sedans will account for the majority of sales.
Fastest-growing Segment by Country
12.88 %
Projected CAGR, China, 2024-2030
The government of China has also been enhancing the green car credit program along with 10% purchase tax exemption for EV customers.
Leading Market Player
19.06 %
market share, KOITO MANUFACTURING CO., LTD., LTD.
KOITO is conducting R&D on Lighting systems comprising sensors fitted to the module situated on all four corners of the vehicle, which enables 360-degree monitoring of the surrounding environment.
Increasing innovations in LED lighting in automobiles to reduce accidents in Asia-Pacific drive the market demand
- In terms of value share, in 2022, headlights accounted for the majority of the market, followed by others and directional signal lights. The market share is expected to remain almost the same for directional signal lights and stop lights during the forecast period, with a small variation in headlights. China is the major country in terms of manufacturing automotive components, and it is expected to maintain its dominance over the forecasted period.
- In terms of volume share, in 2022, directional signal lights accounted for the majority, followed by headlights and others. The market share is expected to remain the same with less fluctuation for these lights. Tata, Hyundai, SAIC, and Geely are among the few major companies incorporating LED projector lights in their upcoming vehicles. As the accident rate rises, LED fog lamps are expected to become more popular. Countries such as China, India, and Japan have reduced accident rates by using LED lamps in their vehicles. For example, there were a total of 4,64,910 traffic accidents in 2017, but it dropped to 4,12,432 in 2021. Thus, using LED lamps in vehicles is expected to reduce the number of casualties in traffic accidents in countries.
- In addition, LEDs contribute to developing innovative lighting concepts that enhance the appearance of vehicles. Companies work together to develop technical LED products for the automotive industry. For example, in September 2022, ams OSRAM and TactoTek announced their collaboration on the development of a demonstrator featuring the avant-garde OSIRE E5515 side-view RGB LED. It can be easily integrated into the car interior, resulting in a more compact design. Such innovations and future investments in automotive LED lighting are expected to drive the market during the forecast period.
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The growth of EVs in South Korea, China, India, and other major countries in Asia-Pacific would boost the sales of LED lights
- In terms of value share, China accounted for the majority of the share of the Asia-Pacific automotive LED lighting market in 2022, followed by Japan and India. The market share is expected to increase for China in 2030 owing to the growth in the manufacturing sector and increasing innovation in automotive industries across the country. The market share of India is also expected to increase as the majority of automotive companies in the country are investing in EVs, and government initiatives to support the growth of EVs are also rising.
- In terms of volume share, China accounted for the majority of the market share in 2022, followed by India, Japan, and the Rest of Asia-Pacific. South Korea has the least volume share, and it is expected to remain in the minority throughout the forecast period. China is the export and import hub for the rest of the world, and major semiconductor manufacturing industries are located in the country. In 2019, China produced more than 26 million vehicles, and the majority of the vehicles were exported to various countries.
- In South Korea, sales were down in 2022 compared to 2021. This was due to weaker sales in China and Russia due to geopolitical issues. However, with rising government subsidiaries to promote EVs in the country, the EV automotive industry is expected to grow in the coming years.
- The increase in electric vehicle sales in 2021 was primarily driven by China, which accounted for half of the growth. Thus, overall EV growth, with rising LED innovation and a growing logistical sector, is expected to increase overall LED growth globally in the automotive industry.
Asia Pacific Automotive LED Lighting Market Trends
Increasing EV incentives to sell more electric vehicles to drive the growth of the LED market
- The total automobile vehicle production in Asia-Pacific was 104.29 million units in 2022, and it was expected to reach 109.65 million units in 2023. The COVID-19 pandemic had a significant effect on the Asia-Pacific automotive market. For instance, compared to March 2019, automotive and commercial vehicle sales in New Zealand were down by 37%. On March 23, 2020, automakers like Honda and Indus Motor stopped producing in Pakistan. The remainder of the Asia-Pacific nations experienced a similar situation. As a result, during the COVID-19 pandemic, the overall demand for LEDs in the automobile industry decreased.
- TATA Motors, Mahindra & Mahindra, SAIC Motor, Geely, Great Wall Motor, Chery, Toyota, and others are major automotive manufacturers in the region. All these companies are increasing their focus on the production of EVs. In Asia-Pacific, automotive innovations are growing rapidly, with China alone expected to account for around 65% of global EV sales in 2022. Due to their efficiency, LEDs are projected to be used more in EVs. For example, when LEDs are fitted on an EV, the decrease in battery current consumption can enhance range by as much as six miles on a single charge.
- Electric vehicles (EVs), automobiles with electric motors instead of internal combustion engines, are compatible with LED car lighting. Due to advantages for the environment, lower running costs, and technological advancements, EVs are growing in the region. Since LED car lights can last up to 10,000 hours, they can reduce environmental impact. The demand for and growth of LEDs will increase in the anticipated term due to the numerous advantages of LED lights in the automobile industry.
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Rapid growth of battery swapping stations, increasing battery recycling service outlets, and providing subsidies for EVs are driving the LED market
- China, the region's largest automobile market, is also the region's largest market for high-performance EVs, followed by Japan. The Asia-Pacific region's emission regulations and subsidies for hybrid and electric vehicles aided it in capturing a sizable share of the overall electric and hybrid vehicle market. China had around 1.6 million EV charging stations and 5.21 million charging points at the end of 2022, including over 2.59 million that were built in 2022. China has been promoting its EV industry for more than a decade with generous incentives to consumers and subsidies to automakers. For instance, buyers received discounts of around CNY 60,000 at one point for purchasing EVs, but those ended in 2022.
- As of 2022, there were 28,546 charging stations in Japan. The number of imported electric vehicles sold in Japan during FY 2022 rose 65% from a year earlier to a record 16,464 units. There were 3.61 million passenger cars newly sold in Japan, and about 77,000 were EVs during FY 2022. By March 2023, there were 6586 public charging stations (PCS) operational in India. Furthermore, the government is promoting the installation of EV charging stations by providing capital subsidies, including FAME-II, PLI SCHEME, Battery Switching Policy, and Tax Reduction on EVs. In April 2019, the FAME II plan was introduced with an INR 10,000 crore (USD 1.2 billion) budget to support 500,000 e-three-wheelers, 7,000 e-buses, 55,000 e-passenger vehicles, and a million e-two-wheelers. The purpose was to encourage electric vehicle adoption in India. The plan was supposed to end in 2022. Thus, the above instances lead to the development and production of new power stations due to the growing demand for EVs across developing nations, which boosts the demand for automotive LEDs.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increase in construction and sales of residential houses to drive the growth of the LED market
- Increasing car loans, growing market for luxury cars, and EV adoption drive the growth of the market
- Government initiatives to promote energy-efficient LED lights in the region to increase LED light sales
- The market is driven by growing highway network connectivity and projects to replace traditional bulbs with LED lights
- Increasing investment in commercial buildings, buying luxury cars, and adoption of EVs to increase the growth of the LED market
- Increasing growth of luxury car and SUV demand, increasing population, and EV adoption are driving the growth of the LED market
- The market is driven by increasing population, increasing per capita income, and government subsidy to promote the use of LED lights
- LED light upgrade project, government offering subsidies, and tax benefits to raise LED localization and reduction of GHG emission to drive the growth of LED lighting market
Asia Pacific Automotive LED Lighting Industry Overview
The Asia Pacific Automotive LED Lighting Market is moderately consolidated, with the top five companies occupying 48.93%. The major players in this market are KOITO MANUFACTURING CO., LTD., Marelli Holdings Co., Ltd., OSRAM GmbH., Stanley Electric Co., Ltd. and Valeo (sorted alphabetically).
Asia Pacific Automotive LED Lighting Market Leaders
KOITO MANUFACTURING CO., LTD.
Marelli Holdings Co., Ltd.
OSRAM GmbH.
Stanley Electric Co., Ltd.
Valeo
Other important companies include GRUPO ANTOLIN IRAUSA, S.A., HELLA GmbH & Co. KGaA (FORVIA), Hyundai Mobis, Nichia Corporation, Uno Minda Limited.
*Disclaimer: Major Players sorted in alphabetical order.
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Asia Pacific Automotive LED Lighting Market News
- June 2023: HELLA launched a multifunctional rear lamp for trucks and trailers. The full-LED rear lamp has a central direction indicator light, a stop light, a reverse light and a rear fog light. The tail light with the 144 cm² patented LED light curtain is a real highlight.
- May 2023: Hyundai Mobis develops ‘communicative’ headlamp that displays road signs on the road to prevent nighttime accidents.
- May 2023: Valeo Japan and Ichikoh Industries have opened the Nagoya Technical Centre in Nagoya City, Aichi prefecture. Valeo Japan has a sales office in Toyota City, and Ichikoh has a Chubu Branch in Nagoya's Meito Ward. The two organizations construct Nagoya Technical Centre in the same area to strengthen sales and technical assistance to regional customers.
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We provide a complimentary and exhaustive set of data points on the country and regional level metrics that present the fundamental structure of the industry. Presented in the form of 40+ free charts, the sections cover difficult to find data on various countries on Automotive Production, Lighting Electricity Consumption, Road Network, Number of Stadiums, Number of Charging Stations among others.
Asia Pacific Automotive LED Lighting Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Automotive Production
- 4.2 Population
- 4.3 Per Capita Income
- 4.4 Interest Rate For Auto Loans
- 4.5 Number Of Charging Stations
- 4.6 Number Of Automobile On-Road
- 4.7 Total Import Of LEDs
- 4.8 # Of Households
- 4.9 Road Networks
- 4.10 LED Penetration
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4.11 Regulatory Framework
- 4.11.1 China
- 4.11.2 India
- 4.11.3 Japan
- 4.11.4 South Korea
- 4.12 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Automotive Utility Lighting
- 5.1.1 Daytime Running Lights (DRL)
- 5.1.2 Directional Signal Lights
- 5.1.3 Headlights
- 5.1.4 Reverse Light
- 5.1.5 Stop Light
- 5.1.6 Tail Light
- 5.1.7 Others
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5.2 Automotive Vehicle Lighting
- 5.2.1 2 Wheelers
- 5.2.2 Commercial Vehicles
- 5.2.3 Passenger Cars
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5.3 Country
- 5.3.1 China
- 5.3.2 India
- 5.3.3 Japan
- 5.3.4 South Korea
- 5.3.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
- 6.4.1 GRUPO ANTOLIN IRAUSA, S.A.
- 6.4.2 HELLA GmbH & Co. KGaA (FORVIA)
- 6.4.3 Hyundai Mobis
- 6.4.4 KOITO MANUFACTURING CO., LTD.
- 6.4.5 Marelli Holdings Co., Ltd.
- 6.4.6 Nichia Corporation
- 6.4.7 OSRAM GmbH.
- 6.4.8 Stanley Electric Co., Ltd.
- 6.4.9 Uno Minda Limited
- 6.4.10 Valeo
7. KEY STRATEGIC QUESTIONS FOR LED CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AUTOMOTIVE PRODUCTION, MILLION, ASIA-PACIFIC, 2017 - 2030
- Figure 2:
- HUMAN POPULATION IN MILLION, NUMBERS, ASIA-PACIFIC, 2017 - 2030
- Figure 3:
- PER CAPITA INCOME, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 4:
- INTEREST RATE FOR AUTO LOANS, %, ASIA-PACIFIC, 2017 - 2022
- Figure 5:
- COUNT OF CHARGING STATIONS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 6:
- COUNT OF AUTOMOBILES ON-ROAD IN MILLION, NUMBERS, ASIA-PACIFIC, 2017 - 2030
- Figure 7:
- VALUE OF LED IMPORTS, USD MILLION, ASIA-PACIFIC, 2017 - 2030
- Figure 8:
- COUNT OF HOUSEHOLDS, MILLION, ASIA-PACIFIC, 2017 - 2030
- Figure 9:
- LENGTH OF ROAD NETWORKS, KM, ASIA-PACIFIC, 2017 - 2030
- Figure 10:
- LED PENETRATION, %, ASIA-PACIFIC, 2017 - 2030
- Figure 11:
- VOLUME SALES OF ASIA PACIFIC AUTOMOTIVE LED LIGHTING MARKET, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 12:
- VALUE SALES OF ASIA PACIFIC AUTOMOTIVE LED LIGHTING MARKET, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 13:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 14:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 15:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 16:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), USD, ASIA-PACIFIC, 2017 - 2030
- Figure 19:
- VALUE SHARE OF DAYTIME RUNNING LIGHTS (DRL) BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 22:
- VALUE SHARE OF DIRECTIONAL SIGNAL LIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES IN HEADLIGHTS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES IN HEADLIGHTS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 25:
- VALUE SHARE OF HEADLIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 26:
- VOLUME SALES OF LED FIXTURES IN REVERSE LIGHT, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 27:
- VALUE SALES OF LED FIXTURES IN REVERSE LIGHT, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- VALUE SHARE OF REVERSE LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 29:
- VOLUME SALES OF LED FIXTURES IN STOP LIGHT, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 30:
- VALUE SALES OF LED FIXTURES IN STOP LIGHT, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 31:
- VALUE SHARE OF STOP LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 32:
- VOLUME SALES OF LED FIXTURES IN TAIL LIGHT, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 33:
- VALUE SALES OF LED FIXTURES IN TAIL LIGHT, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 34:
- VALUE SHARE OF TAIL LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 35:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 36:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 37:
- VALUE SHARE OF OTHERS BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 38:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 39:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 40:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 41:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 42:
- VOLUME SALES OF LED FIXTURES IN 2 WHEELERS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 43:
- VALUE SALES OF LED FIXTURES IN 2 WHEELERS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 44:
- VOLUME SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 45:
- VALUE SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 46:
- VOLUME SALES OF LED FIXTURES IN PASSENGER CARS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 47:
- VALUE SALES OF LED FIXTURES IN PASSENGER CARS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 48:
- VOLUME SALES OF LED FIXTURES BY COUNTRY, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 49:
- VALUE SALES OF LED FIXTURES BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 50:
- VALUE SHARE OF LED FIXTURES BY COUNTRY, %, ASIA-PACIFIC, 2017 - 2030
- Figure 51:
- VOLUME SHARE OF LED FIXTURES BY COUNTRY, %, ASIA-PACIFIC, 2017 - 2030
- Figure 52:
- VOLUME SALES OF LED FIXTURES IN CHINA, NUMBER, CHINA, 2017 - 2030
- Figure 53:
- VALUE SALES OF LED FIXTURES IN CHINA, USD, CHINA, 2017 - 2030
- Figure 54:
- VOLUME SALES OF LED FIXTURES IN INDIA, NUMBER, INDIA, 2017 - 2030
- Figure 55:
- VALUE SALES OF LED FIXTURES IN INDIA, USD, INDIA, 2017 - 2030
- Figure 56:
- VOLUME SALES OF LED FIXTURES IN JAPAN, NUMBER, JAPAN, 2017 - 2030
- Figure 57:
- VALUE SALES OF LED FIXTURES IN JAPAN, USD, JAPAN, 2017 - 2030
- Figure 58:
- VOLUME SALES OF LED FIXTURES IN SOUTH KOREA, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 59:
- VALUE SALES OF LED FIXTURES IN SOUTH KOREA, USD, SOUTH KOREA, 2017 - 2030
- Figure 60:
- VOLUME SALES OF LED FIXTURES IN REST OF ASIA-PACIFIC, NUMBER, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 61:
- VALUE SALES OF LED FIXTURES IN REST OF ASIA-PACIFIC, USD, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 62:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2030
- Figure 63:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2030
- Figure 64:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia Pacific Automotive LED Lighting Industry Segmentation
Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting. China, India, Japan, South Korea are covered as segments by Country.
- In terms of value share, in 2022, headlights accounted for the majority of the market, followed by others and directional signal lights. The market share is expected to remain almost the same for directional signal lights and stop lights during the forecast period, with a small variation in headlights. China is the major country in terms of manufacturing automotive components, and it is expected to maintain its dominance over the forecasted period.
- In terms of volume share, in 2022, directional signal lights accounted for the majority, followed by headlights and others. The market share is expected to remain the same with less fluctuation for these lights. Tata, Hyundai, SAIC, and Geely are among the few major companies incorporating LED projector lights in their upcoming vehicles. As the accident rate rises, LED fog lamps are expected to become more popular. Countries such as China, India, and Japan have reduced accident rates by using LED lamps in their vehicles. For example, there were a total of 4,64,910 traffic accidents in 2017, but it dropped to 4,12,432 in 2021. Thus, using LED lamps in vehicles is expected to reduce the number of casualties in traffic accidents in countries.
- In addition, LEDs contribute to developing innovative lighting concepts that enhance the appearance of vehicles. Companies work together to develop technical LED products for the automotive industry. For example, in September 2022, ams OSRAM and TactoTek announced their collaboration on the development of a demonstrator featuring the avant-garde OSIRE E5515 side-view RGB LED. It can be easily integrated into the car interior, resulting in a more compact design. Such innovations and future investments in automotive LED lighting are expected to drive the market during the forecast period.
| Automotive Utility Lighting | Daytime Running Lights (DRL) |
| Directional Signal Lights | |
| Headlights | |
| Reverse Light | |
| Stop Light | |
| Tail Light | |
| Others | |
| Automotive Vehicle Lighting | 2 Wheelers |
| Commercial Vehicles | |
| Passenger Cars | |
| Country | China |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
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Market Definition
- INDOOR LIGHTING - It incorporates all LED based lamps and fixtures/luminaire that are used to illuminate indoor section of residential, commercial, industrial buildings and agricultural lighting. LED offers efficient brightness with higher durability in comparison to other lighting technology.
- OUTDOOR LIGHTING - It incorporates the LED lighting fixtures that is used for illumination for exterior/outdoor illumination. For instance, LED lighting fixtures used to illuminate streets and highways, transport hubs, stadiums and other public places such as parking spaces.
- AUTOMOTIVE LIGHTING - It refers to the lighting fixtures installed for illumination and signaling purposes. It is used in both exterior and interior lighting of the vehicle. Headlamps, fog lamp, daytime running light (DRLs) are examples of exterior light whereas cabin light are interior lights.
- END USER - It refers to the end use application area where the LED fixture will be installed. For instance, in terms of indoor lighting, we have residential, commercial and industrial as end user category. For automotive lighting, primary end user considered are automotive manufacturers and aftermarket sale
| Keyword | Definition |
|---|---|
| Lumen | Lumen is a unit of luminous flux in the International System of Units that is equal to the amount of light given out through a solid angle by a source of one-candela intensity radiating equally in all directions. |
| Footcandle | A foot-candle (or foot-candle, fc, lm/ft2, or ft-c) is a measurement of light intensity. One foot-candle is defined as enough light to saturate a one-foot square with one lumen of light. |
| Colour Rendering Index (CRI) | Color Rendering Index (CRI) is a measurement of how natural colors render under an artificial white light source when compared with sunlight. The index is measured from 0-100, with a perfect 100 indicating that colors of objects under the light source appear the same as they would under natural sunlight. |
| Luminous flux | Luminous flux is a measure of the power of visible light produced by a light source or light fitting. It is measured in lumens (lm). |
| Annual Energy Cost | Annual Energy Cost means the average daily energy consumption multiplied by 365 (days per year), expressed in kilowatt hour per year (kWh/a). |
| Constant voltage drivers | Constant voltage drivers are designed for a single direct current (DC) output voltage. Most common constant voltage drivers (or Power Supplies) are 12VDC or 24VDC. An LED light that is rated for constant voltage usually specifies the amount of input voltage it needs to operate correctly. |
| Constant Current Driver | Constant current LED drivers are designed for a designated range of output voltages and a fixed output current (mA). LEDs that are rated to operate on a constant current driver require a designated supply of current usually specified in milliamps (mA) or amps (A). These drivers vary the voltage along an electronic circuit which allows current to remain constant throughout the LED system. |
| Minimum Energy Performance Standards (MEPS) | Minimum Energy Performance Standards specify the minimum level of energy performance that appliances and equipment must meet or exceed before they can supply or used for commercial purposes. |
| Luminous Efficacy | Luminous efficacy is a measurement commonly used in the lighting industry that indicates the ability of a light source to emit visible light using a given amount of power. |
| Solid State Lighting | Solid-state lighting (SSL) is a type of lighting that uses semiconductor light-emitting diodes (LEDs), organic light-emitting diodes (OLED), or polymer light-emitting diodes (PLED) as sources of illumination rather than electrical filaments, plasma (used in arc lamps such as fluorescent lamps), or gas. |
| Rated Lamp Life | Lamp life, also referred to as rated life, is the time in hours a lamp will last before a percentage of lamps will burn out. |
| Color Temperature | Colour temperature is a scale that measures how ‘warm’ (yellow) or ‘cool’ (blue) the light from a particular source is. It is measured in degrees of the Kelvin scale (abbreviated to K), and the higher the number, the ‘cooler’ the light. The lower the ‘K’ number, the ‘warmer’ the light. |
| Ingress Protection rating (IP rating) | The IP (Ingress Protection) rating of a bulb or light fixture declares the level of protection it has against dirt and water. |
| Fidelity Index | The general colour fidelity index, Rf, represents how closely the colour appearances of the entire sample set are reproduced (rendered) on average by a test light as compared to those under a reference illuminant. |
| Gamut Index | The gamut area is defined as “the area enclosed by a set of test color samples illuminated by a light source, in a two-dimensional chromaticity diagram or a plane of color space.”1 Within a defined color space, a “gamut” describes the subset of colors that can be perceived under specific lighting conditions. |
| Binning | In the lighting industry, the act of "binning" of LEDs is the process of sorting LEDs by certain characteristics, such as color, voltage, and brightness. |
| Accent lighting | Accent lighting, also called highlighting, emphasizes objects by focusing light directly on them. Accent lighting is used inside and outside the home to feature locations such as an entrance or to create dramatic effects. |
| Dimmable driver | A dimming driver has two functions: As a driver, it converts the 230V AC mains input to a low voltage DC output. As a dimmer, it reduces the amount of electrical energy flowing to the LEDs, thereby causing them to dim. |
| Flicker | Flicker is the repeated and frequent variation in the output of a light source over time. |
| Fluorescent | A property of materials defined as the ability to emit light after absorbing electromagnetic radiation such as visible or UV light. |
| Candela | The candela is the unit of luminous intensity in the International System of Units. It measures the light output per unit solid angle emitted from a light source in a specific direction. |
| LUX | Lux is used to measure the amount of light output in a given area - one lux is equal to one lumen per square meter. It enables us to measure the total "amount" of visible light present and the intensity of the illumination on a surface. |
| Uniformity (U0) | The uniformity of lighting has significant effects on visual performance in both indoor and outdoor areas. Uniformity (represented as U0) value can be found by dividing the minimum brightness (Emin) resulting from calculations according to the current lighting order, to the average brightness value (Eavg). |
| Visible Light Spectrum | The visible light spectrum is the segment of the electromagnetic spectrum that the human eye can view. More simply, this range of wavelengths is called visible light. Typically, the human eye can detect wavelengths from 380 to 700 nanometers. |
| Ambient Temperature | Ambient Temperature is the temperature of the air surrounding an electrical enclosure. |
| Current-controlled dimming control | Current-controlled dimming controls LED brightness by varying the applied current using a 0-10V dimmer. Current-controlled dimming is smooth and HD-video friendly. It can only dim to a minimum of 5% of light output. |
| Design Light Consortium | It is a partnership of energy efficiency stakeholders in the United States and Canada to “promote quality, performance and energy efficient lighting solutions for the commercial sector”. |
| Pulse Width Modulation | Pulse-width modulation, or pulse-duration modulation, is a method of controlling the average power delivered by an electrical signal. |
| Surface Mounted Device | A surface mount device (SMD) is an electronic device whose components are mounted or placed directly on the surface of a printed circuit board. |
| Alternating Current | Alternating current is an electric current which periodically reverses direction and changes its magnitude continuously with time, in contrast to direct current, which flows only in one direction. |
| Direct Current | Direct current (DC) is an electric current that is uni-directional, so the flow of charge is always in the same direction. |
| Beam Angle | Beam angle (also called beam spread) is a measure of how light is distributed. On any plane perpendicular to the centerline of the light, the beam angle is the angle between two rays where the light intensity is 50% of the maximum light intensity. |
| LED Based Solar High Mast Lighting Systems | A Solar LED High Mast Light is a raised source of High illumination lights (6~8 lights) and with high intensity on the middle of major junctions (Ring roads, Outer Ring roads), turned on or lit automatically in the absence of light (at specified timings or at periodic times, every night). |
| Surface Mounted Diode (SMD) LEDs | A surface mount diode is a type that emits light and is flat mounted and soldered onto a circuit board. |
| Chip on Board (COB) LEDs | A COB LED is basically multiple LED chips (usually 9 or more) glued directly onto a substrate by the manufacturer to form a single module. |
| Dual In-Line Package (DIP) LEDs | A dual in-line package (DIP or DIL) is an electronic component package with a rectangular case and two parallel rows of electrical connector pins. |
| Graphene LED Lights | A graphene LED light bulb is simply an LED light bulb where the filament has been coated in graphene. A graphene LED bulb is reported to be 10% more efficient than regular LED light bulbs and they are cheaper to manufacture and buy. |
| LED Corn Bulbs | LED Corn lights are designed as an energy efficient alternative to high intensity discharge (HID) and SON lamps. It uses a large number of LEDs on a metal structure to provide sufficient light. This arrangement of LEDs looks a lot like a corn cob, hence the name "corn light". |
| Per Capita Income | Per capita income or total income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size. |
| Charging Stations | A charging station, also known as a charging station or electric vehicle utility, is a power supply that provides electrical energy for charging plug-in electric vehicles. |
| Headlight | A headlight is a light that is mounted on the front of a car and illuminates the road in front of it. Low beam and high beam LED headlights are additional categories for these LED headlights. |
| Day Time Running Light (DRLs) | A daytime running lamp is a white, yellow, or amber lighting device mounted on the front of a road-going motor vehicle or bicycle. |
| Directional Signal Light | Directional signal lights are the front and rear lights on an automobile that flash to show the direction of a turn. |
| Stop Light | A red light that is mounted to the back of a car and turns on when the brakes are used to show that the car is stopped. |
| Reverse Light | The reverse light is at the back of the vehicle to indicate its backward motion. |
| Tail Light | A red light that can be seen in the dark is mounted on the rear of a road vehicle. Stop, reverse, and directional signal lights are all part of it. |
| Fog Light | Bright lights in automobiles used to increase visibility on the road in foggy conditions or to warn other drivers of the presence of the vehicle. |
| Passenger Vehicle | A passenger vehicle is a road vehicle, other than a moped or a motorcycle, intended for the transportation of people and designed for up to 8 to 9 seats. |
| Commercial Vehicle | A commercial vehicle (Bus, Truck, Van) is any type of motor vehicle used to transport goods or pay passengers. |
| Two Wheelers (2W) | A two-wheeler is a vehicle that runs on two wheels. |
| Streets & Roadways | Both roads and streets refer to hard, flat surfaces on the ground on which vehicles, people, and animals can travel. Since streetways are usually in cities and towns, they often have houses and buildings on both sides. The roadway is in the countryside and sometimes passes through forests and fields |
| Horticulture Lighting | Horticulture is the science and art of sustainably growing, producing, marketing and using high quality, intensively cultivated food and ornamental plants. |
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Research Methodology
Mordor Intelligence has followed the following methodology in all our data center reports.
- Step 1: Raw Data Collection: To understand the market, initially, all crtical data points were identified. Critical information about countries and regions of interest including Per-capita Income, Population, Automotive Production, Interest rate on Auto-Loans, Number of Automobiles on Road, Total LED Import, Lighting Electricity Consumption among others were recorded or estimated based on internal calculations.
- Step 2: Identify Key Variables: To build a robust forecasting model, key variables such as Number of Households, Automotive Production, Road Networks among others were identified. Through an iterative process, the variables required for the market forecast were set, and the model was built using these variables.
- Step 3: Build a Market Model: Based on data and critical industry trend data (variables), including LED pricing, LED penetration rate, and project macro and micor economic factors were utilized for building the market forecasting.
- Step 4: Validate and Finalize: In this crucial step, all market numbers and variables derived through an internal mathematical model were validated through an extensive network of primary research experts from all the markets studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step 5: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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