Asia Pacific LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 19.26 Billion |
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Market Size (2030) | USD 29.10 Billion |
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Largest Share by Indoor Lighting | Industrial and Warehouse |
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CAGR (2024 - 2030) | 7.12 % |
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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 LED Lighting Market Analysis
The Asia Pacific LED Lighting Market size is estimated at 19.26 billion USD in 2024, and is expected to reach 29.10 billion USD by 2030, growing at a CAGR of 7.12% during the forecast period (2024-2030).
19.26 Billion
Market Size in 2024 (USD)
29.10 Billion
Market Size in 2030 (USD)
4.37 %
CAGR (2017-2023)
7.12 %
CAGR (2024-2030)
Largest Segment by Automotive Vehicle Lighting
64.36 %
value share, Passenger Cars, 2023
The total sales of LED in this category were expected to reach 2372.3 million by the end of 2023. In Asia-Pacific, 37.5 million cars were sold in 2022.
Largest Segment by Indoor Lighting
66.92 %
value share, Industrial and Warehouse, 2023
The total sales of LED in this category were expected to reach 7494.5 million by the end of 2023. The logistics sector in Asia-Pacific is would be the driving factor for growth of the market.
Largest Segment by Outdoor Lighting
54.49 %
value share, Streets and Roadways, 2023
The total sales of LEDs in this category were expected to reach 1984.1 million by the end of 2023. A network of 141,000 km of roads across 32 countries is the Asian Highway Network.
Largest Segment by Country
34.04 %
value share, China, 2023
China was the largest country by value share in 2022, accounting for 34.22%. China exports most of its LED lighting to other APAC countries, making it the world's largest LED lighting exporter.
Leading Market Player
8.81 %
market share, Panasonic Holdings Corporation, 2022
Panasonic company lights are valued for achieving energy savings of 50% compared to fluorescent lighting.
Increasing development in the industrial sector and residential sector drives the market growth
- In terms of value share, in 2023, industrial and warehouse accounts for most of the share. China is the second-largest economy in the world as of 2022. Warehouse space in China cost an average of CNY 44.3 (USD 6.15) per square meter per month during pre-COVID-19. In China, there has been a steady rise in the demand for warehouses, raising the cost of renting them post-pandemic. Revenue for the storage industry in China is expected to increase at an annualized 4.3% over the five years.
- Similarly, in India, manufacturing generated 16-17% of India's GDP before the pandemic and is expected to be one of the fastest-growing sectors. India's industrial and warehousing sector reported a nearly 11 million square feet robust absorption, with tier-I cities driving 77% of the demand. Such factors are expected to increase the LED penetration demand.
- In terms of volume share, in 2023, residential accounts for most of the share. Over the past three decades, Asia experienced a high urbanization rate. While rapid urbanization helped to fuel economic growth, it has led to major demand for housing, resulting in high housing prices. Japan will likely see an excess supply of 10 million dwelling units in 2023, partly due to government housing policy with a shrinking population. The number of households will peak at 54.19 million in 2023. Such a factor caters to a major LED demand.
- Government subsidy plays a major role in the adoption of new housing. In India, the government has introduced several energy-saving programs. For example, the central government's ambitious Pradhan Mantri Awas Yojana (PMAY) program aims to build 20 million affordable metropolitan housing units nationwide by 2022. Such factors might lead to major sales, leading to more LED demand in the coming period.
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Increase in development in real estate infrastructure and strong demand in automotive sector in various countries increase the market demand
- In terms of value and volume share, in 2023, China comprised most of the share, and India stood second. China is a country of homeowners, with more than 90% of households owning homes. At the same time, more than 20% of Chinese households own multiple homes, higher than many developed nations. Such stats may propel the demand for LED lighting.
- China's automobile gross output was more than CNY 10 trillion (USD 1.4 trillion) in 2021, contributing to almost 10% of China's GDP. The strong growth of the automotive market can be attributed to policy incentives, capital support, and increasing consumer demand. In May 2022, China released a policy to boost new energy vehicle (NEV) sales in rural parts.
- Indian firms were expected to raise more than INR 3.5 trillion through infrastructure and real estate investment trusts in 2022. The office market in the top eight cities recorded transactions of 22.2 msf from July 2020 to December 2020. In 2022, office absorption in the top seven cities stood at 38.25 million sq. ft. Currently, India is undertaking major infrastructure and industrial projects worth USD 1.3 trillion. Such development fuels the demand for LED lighting.
- The Indian automobile industry contributes almost 6.4% to India's GDP. As of 2019, vehicle sales in higher per capita income states such as Maharashtra, Gujarat, Delhi, and Karnataka were shrinking faster than the industry average. Taxi aggregators and rising saturation among passenger car owners have hit vehicle sales growth. As of October 2019, LEDs gained more than 40% penetration in tail lamps, but they accounted for less than 15% of the share in headlamps. With increasing vehicle sales, the shares of tail lamps and headlamp LEDs are expected to increase significantly.
Asia Pacific LED Lighting Market Trends
Increase in construction and sales of residential houses to drive the growth of the LED market
- Asia-Pacific is home to 60% of the world's population. Numerous nations in the region, notably China, are in the top ten in terms of population growth. In China's lower socioeconomic strata, as of 2019, more than 60% of residents were homeowners. In comparison to citizens of big cities, the ownership rate was substantially greater. In lower-tier cities and towns, 41% of homeowners did not have a mortgage on their home. The increased use of LEDs may be influenced by the rise in home purchases in China. Moreover, India has shown that it is possible to install LED technology quickly and extensively via campaigns promoted by the companies.
- The other nations' construction industries are prospering as their native and immigrant populations both grow quickly. For instance, the volume of residential buildings climbed by 5% in Indonesia in 2017 and by 1% in 2019, and this trend will continue throughout the forecast period due to the countries' growing populations. As a result, the rapidly expanding building sector in Asia-Pacific will increase the demand for LEDs in the regional market.
- China had the most households in Asia-Pacific as of 2021, with a total of over 449.7 million. In addition, there are 295.1 million, 68.9 million, and 48.5 million households in India, Indonesia, and Japan, respectively. There is a steady rise in the number of households in these nations, which suggests that more homes are being built and that the demand for LEDs in the Asia-Pacific is rising. Over 23.6 million of the 37.5 million passenger cars sold in 2022 in Asia-Pacific were in China. Comparatively, Asia-Pacific sold about 34.57 million passenger cars in 2021. The demand for LEDs in the region will be aided by the rise in automotive vehicle sales in Asia-Pacific.
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The market is driven by increasing population, increasing per capita income, and government subsidy to promote the use of LED lights
- Asia-Pacific is home to 59.7% of the world’s population, which is around 4.7 billion people, and includes the world’s most populous countries, such as China and India, and 46.3 % of the population is urban (2.14 billion people in 2019).
- The region's overall fertility rate is close to 2.1 births per woman. Family size has decreased to 1.7 children per woman in East Asia while maintaining a high of 2.5 children per woman in South Asia. Further, two out of every five people in the region currently live in urban areas. This ratio will increase significantly in the coming years as millions move from the countryside to towns and cities in search of employment and better opportunities. Thus, the increase in the number of households in urban areas is expected to create more LED penetration for need for illumination in region.
- This region includes several developing nations, and despite pandemic, disposable income is growing in developing countries. China's per capita income reached USD 12,732.5 in December 2022, compared to USD 12,615.7 in December 2021. India’s per capita income reached USD 2301.4 in March 2022, compared to USD 1971.6 in March 2021. Japan's per capita income reached USD 33,911.2 in December 2022, compared to USD 39,916.1 in December 2021. Such instances result in the rising spending power of individuals and affording more money for new residential spaces. For households, in 2012, the Chinese government offered a subsidy of CNY 2.2 billion (USD 0.31 billion) for the use LEDs. The Japanese government introduced a consumer rebate program known as the "Eco-Point" program in April 2010. Users may use their Eco-Points to purchase LED lamps at a 2 to 1 Eco-point ratio, which is further expected to surge the demand for LED lighting.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing EV incentives to sell more electric vehicles 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
- Increasing growth of luxury car and SUV demand, increasing population, and EV adoption are driving the growth of the LED market
- Initiatives related to infrastructure development and increasing use of energy-efficient lighting to drive the growth 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
- Increasing indoor farming, construction of vertical farming farms, and investment in agritech startups to drive the growth of LED lighting market
- Increasing investment in commercial buildings, buying luxury cars, and adoption of EV to increase the growth of the LED market
- Rapid growth of battery swapping station, increasing battery recycling service outlets, and providing subsidies for EV are driving the LED 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
- Construction and refurbishing of new stadiums to drive the growth of LED market
Asia Pacific LED Lighting Industry Overview
The Asia Pacific LED Lighting Market is fragmented, with the top five companies occupying 25.84%. The major players in this market are Koito Manufacturing Co. Ltd, Nichia Corporation, OPPLE Lighting Co., Ltd, Panasonic Holdings Corporation and Signify Holding (Philips) (sorted alphabetically).
Asia Pacific LED Lighting Market Leaders
Koito Manufacturing Co. Ltd
Nichia Corporation
OPPLE Lighting Co., Ltd
Panasonic Holdings Corporation
Signify Holding (Philips)
Other important companies include EGLO Leuchten GmbH, GRUPO ANTOLIN IRAUSA, S.A., Marelli Holdings Co. Ltd, OSRAM GmbH., Stanley Electric Co., Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Asia Pacific LED Lighting Market News
- June 2023: The company light up the Tokyo Dome with around 400 Panasonic LED floodlights, 2KW equivalent. In March 2017, 300 LED floodlights installed in the infield.
- March 2023: Signify, and Perfect Plants has expanded their collaboration on grow lights. Driving this partnership is Perfect Plant’s ambition to become a prominent manufacturer of starting materials for medicinal cannabis cultivation. Perfect Plants has branches in the Netherlands, Canada, and South Africa.
- March 2023: Nichia(HQ in japan) and OSRAM emphasize the importance of intellectual property (IP) in their respective business domains and announce plans to expand their license collaboration. As a result, each company is permitted to use the patents licensed under the relevant agreement in its nitride-based semiconductor products, such as blue, green, and white LED and laser components.
Free with this Report
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 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 Lighting Electricity Consumption
- 4.9 # Of Households
- 4.10 Road Networks
- 4.11 LED Penetration
- 4.12 # Of Stadiums
- 4.13 Horticulture Area
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4.14 Regulatory Framework
- 4.14.1 Indoor Lighting
- 4.14.1.1 China
- 4.14.1.2 India
- 4.14.1.3 Japan
- 4.14.2 Outdoor Lighting
- 4.14.2.1 China
- 4.14.2.2 India
- 4.14.2.3 Japan
- 4.14.3 Automotive Lighting
- 4.14.3.1 China
- 4.14.3.2 India
- 4.14.3.3 Japan
- 4.14.3.4 South Korea
- 4.15 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 Indoor Lighting
- 5.1.1 Agricultural Lighting
- 5.1.2 Commercial
- 5.1.2.1 Office
- 5.1.2.2 Retail
- 5.1.2.3 Others
- 5.1.3 Industrial and Warehouse
- 5.1.4 Residential
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5.2 Outdoor Lighting
- 5.2.1 Public Places
- 5.2.2 Streets and Roadways
- 5.2.3 Others
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5.3 Automotive Utility Lighting
- 5.3.1 Daytime Running Lights (DRL)
- 5.3.2 Directional Signal Lights
- 5.3.3 Headlights
- 5.3.4 Reverse Light
- 5.3.5 Stop Light
- 5.3.6 Tail Light
- 5.3.7 Others
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5.4 Automotive Vehicle Lighting
- 5.4.1 2 Wheelers
- 5.4.2 Commercial Vehicles
- 5.4.3 Passenger Cars
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5.5 Country
- 5.5.1 China
- 5.5.2 India
- 5.5.3 Japan
- 5.5.4 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 EGLO Leuchten GmbH
- 6.4.2 GRUPO ANTOLIN IRAUSA, S.A.
- 6.4.3 Koito Manufacturing Co. Ltd
- 6.4.4 Marelli Holdings Co. Ltd
- 6.4.5 Nichia Corporation
- 6.4.6 OPPLE Lighting Co., Ltd
- 6.4.7 OSRAM GmbH.
- 6.4.8 Panasonic Holdings Corporation
- 6.4.9 Signify Holding (Philips)
- 6.4.10 Stanley Electric Co., Ltd.
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:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, ASIA-PACIFIC, 2017 - 2030
- Figure 9:
- COUNT OF HOUSEHOLDS, MILLION, ASIA-PACIFIC, 2017 - 2030
- Figure 10:
- LENGTH OF ROAD NETWORKS, KM, ASIA-PACIFIC, 2017 - 2030
- Figure 11:
- LED PENETRATION, %, ASIA-PACIFIC, 2017 - 2030
- Figure 12:
- COUNT OF STADIUMS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 13:
- HORTICULTURE AREA, HECTARE, ASIA-PACIFIC, 2017 - 2030
- Figure 14:
- VOLUME SALES OF ASIA PACIFIC LED LIGHTING MARKET, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 15:
- VALUE SALES OF ASIA PACIFIC LED LIGHTING MARKET, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 16:
- VOLUME SALES OF LED FIXTURES BY INDOOR LIGHTING, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 17:
- VALUE SALES OF LED FIXTURES BY INDOOR LIGHTING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 18:
- VALUE SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 19:
- VOLUME SHARE OF LED FIXTURES BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN AGRICULTURAL LIGHTING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 22:
- VALUE SHARE OF AGRICULTURAL LIGHTING BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES BY COMMERCIAL, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES BY COMMERCIAL, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 25:
- VALUE SHARE OF LED FIXTURES BY COMMERCIAL, %, ASIA-PACIFIC, 2017 - 2030
- Figure 26:
- VOLUME SHARE OF LED FIXTURES BY COMMERCIAL, %, ASIA-PACIFIC, 2017 - 2030
- Figure 27:
- VOLUME SALES OF LED FIXTURES IN OFFICE, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- VALUE SALES OF LED FIXTURES IN OFFICE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- VOLUME SALES OF LED FIXTURES IN RETAIL, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 30:
- VALUE SALES OF LED FIXTURES IN RETAIL, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 31:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 32:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 33:
- VOLUME SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 34:
- VALUE SALES OF LED FIXTURES IN INDUSTRIAL AND WAREHOUSE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 35:
- VALUE SHARE OF INDUSTRIAL AND WAREHOUSE BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 36:
- VOLUME SALES OF LED FIXTURES IN RESIDENTIAL, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 37:
- VALUE SALES OF LED FIXTURES IN RESIDENTIAL, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 38:
- VALUE SHARE OF RESIDENTIAL BY INDOOR LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 39:
- VOLUME SALES OF LED FIXTURES BY OUTDOOR LIGHTING, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 40:
- VALUE SALES OF LED FIXTURES BY OUTDOOR LIGHTING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 41:
- VALUE SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 42:
- VOLUME SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 43:
- VOLUME SALES OF LED FIXTURES IN PUBLIC PLACES, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 44:
- VALUE SALES OF LED FIXTURES IN PUBLIC PLACES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 45:
- VALUE SHARE OF PUBLIC PLACES BY OUTDOOR LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 46:
- VOLUME SALES OF LED FIXTURES IN STREETS AND ROADWAYS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 47:
- VALUE SALES OF LED FIXTURES IN STREETS AND ROADWAYS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 48:
- VALUE SHARE OF STREETS AND ROADWAYS BY OUTDOOR LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 49:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 50:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 51:
- VALUE SHARE OF OTHERS BY OUTDOOR LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 52:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 53:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 54:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 55:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 56:
- VOLUME SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 57:
- VALUE SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), USD, ASIA-PACIFIC, 2017 - 2030
- Figure 58:
- VALUE SHARE OF DAYTIME RUNNING LIGHTS (DRL) BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 59:
- VOLUME SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 60:
- VALUE SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 61:
- VALUE SHARE OF DIRECTIONAL SIGNAL LIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 62:
- VOLUME SALES OF LED FIXTURES IN HEADLIGHTS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 63:
- VALUE SALES OF LED FIXTURES IN HEADLIGHTS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 64:
- VALUE SHARE OF HEADLIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 65:
- VOLUME SALES OF LED FIXTURES IN REVERSE LIGHT, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 66:
- VALUE SALES OF LED FIXTURES IN REVERSE LIGHT, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 67:
- VALUE SHARE OF REVERSE LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 68:
- VOLUME SALES OF LED FIXTURES IN STOP LIGHT, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 69:
- VALUE SALES OF LED FIXTURES IN STOP LIGHT, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 70:
- VALUE SHARE OF STOP LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 71:
- VOLUME SALES OF LED FIXTURES IN TAIL LIGHT, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 72:
- VALUE SALES OF LED FIXTURES IN TAIL LIGHT, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 73:
- VALUE SHARE OF TAIL LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 74:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 75:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 76:
- VALUE SHARE OF OTHERS BY AUTOMOTIVE UTILITY LIGHTING, %, ASIA-PACIFIC, 2022 VS 2030
- Figure 77:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 78:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 79:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 80:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, ASIA-PACIFIC, 2017 - 2030
- Figure 81:
- VOLUME SALES OF LED FIXTURES IN 2 WHEELERS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 82:
- VALUE SALES OF LED FIXTURES IN 2 WHEELERS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 83:
- VOLUME SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 84:
- VALUE SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 85:
- VOLUME SALES OF LED FIXTURES IN PASSENGER CARS, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 86:
- VALUE SALES OF LED FIXTURES IN PASSENGER CARS, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 87:
- VOLUME SALES OF LED FIXTURES BY COUNTRY, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 88:
- VALUE SALES OF LED FIXTURES BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 89:
- VALUE SHARE OF LED FIXTURES BY COUNTRY, %, ASIA-PACIFIC, 2017 - 2030
- Figure 90:
- VOLUME SHARE OF LED FIXTURES BY COUNTRY, %, ASIA-PACIFIC, 2017 - 2030
- Figure 91:
- VOLUME SALES OF LED FIXTURES IN CHINA, NUMBER, CHINA, 2017 - 2030
- Figure 92:
- VALUE SALES OF LED FIXTURES IN CHINA, USD, CHINA, 2017 - 2030
- Figure 93:
- VOLUME SALES OF LED FIXTURES IN INDIA, NUMBER, INDIA, 2017 - 2030
- Figure 94:
- VALUE SALES OF LED FIXTURES IN INDIA, USD, INDIA, 2017 - 2030
- Figure 95:
- VOLUME SALES OF LED FIXTURES IN JAPAN, NUMBER, JAPAN, 2017 - 2030
- Figure 96:
- VALUE SALES OF LED FIXTURES IN JAPAN, USD, JAPAN, 2017 - 2030
- Figure 97:
- VOLUME SALES OF LED FIXTURES IN REST OF ASIA-PACIFIC, NUMBER, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 98:
- VALUE SALES OF LED FIXTURES IN REST OF ASIA-PACIFIC, USD, REST OF ASIA-PACIFIC, 2017 - 2030
- Figure 99:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, ASIA-PACIFIC, 2017 - 2030
- Figure 100:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2017 - 2030
- Figure 101:
- VALUE SHARE OF MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia Pacific LED Lighting Industry Segmentation
Agricultural Lighting, Commercial, Industrial and Warehouse, Residential are covered as segments by Indoor Lighting. Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting. 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 are covered as segments by Country.
- In terms of value share, in 2023, industrial and warehouse accounts for most of the share. China is the second-largest economy in the world as of 2022. Warehouse space in China cost an average of CNY 44.3 (USD 6.15) per square meter per month during pre-COVID-19. In China, there has been a steady rise in the demand for warehouses, raising the cost of renting them post-pandemic. Revenue for the storage industry in China is expected to increase at an annualized 4.3% over the five years.
- Similarly, in India, manufacturing generated 16-17% of India's GDP before the pandemic and is expected to be one of the fastest-growing sectors. India's industrial and warehousing sector reported a nearly 11 million square feet robust absorption, with tier-I cities driving 77% of the demand. Such factors are expected to increase the LED penetration demand.
- In terms of volume share, in 2023, residential accounts for most of the share. Over the past three decades, Asia experienced a high urbanization rate. While rapid urbanization helped to fuel economic growth, it has led to major demand for housing, resulting in high housing prices. Japan will likely see an excess supply of 10 million dwelling units in 2023, partly due to government housing policy with a shrinking population. The number of households will peak at 54.19 million in 2023. Such a factor caters to a major LED demand.
- Government subsidy plays a major role in the adoption of new housing. In India, the government has introduced several energy-saving programs. For example, the central government's ambitious Pradhan Mantri Awas Yojana (PMAY) program aims to build 20 million affordable metropolitan housing units nationwide by 2022. Such factors might lead to major sales, leading to more LED demand in the coming period.
| Indoor Lighting | Agricultural Lighting | |
| Commercial | Office | |
| Retail | ||
| Others | ||
| Industrial and Warehouse | ||
| Residential | ||
| Outdoor Lighting | Public Places | |
| Streets and Roadways | ||
| Others | ||
| 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 | ||
| 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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