Automotive LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 8.97 Billion |
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Market Size (2030) | USD 14.34 Billion |
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Largest Share by Automotive Utility Lighting | Headlights |
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CAGR (2024 - 2030) | 8.13 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Automotive LED Lighting Market Analysis
The Automotive LED Lighting Market size is estimated at 8.97 billion USD in 2024, and is expected to reach 14.34 billion USD by 2030, growing at a CAGR of 8.13% during the forecast period (2024-2030).
8.97 Billion
Market Size in 2024 (USD)
14.34 Billion
Market Size in 2030 (USD)
3.04 %
CAGR (2017-2023)
8.13 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
51.80 %
value share, Headlights, 2023
The total sales of LEDs in this category is expected to reach USD 4,513.5 million by 2023. It is driven by government regulations and the need for safe driving.
Largest Segment by Automotive Vehicle Lighting
76.78 %
value share, Passenger Cars, 2023
Out of the 37.5 million passenger vehicles sold in the Asia-Pacific and Middle East region, in 2022, more than 23.6 million were sold in China.
Largest by Region
42.31 %
value share, Asia-Pacific, 2023
Emission regulations and subsidies for hybrid and electric vehicles in the Asia-Pacific region have enabled to capture a significant share of the overall electric and hybrid vehicle market.
Fastest-growing Segment by Region
12.82 %
Projected CAGR, South America, 2024-2030
South America is projected to exihibit fastest growth rate driven by Brazil and Colombia attributed to the government norms such as declaration of 100% of emission-free public transport by 2035.
Leading Market Player
17.51 %
market share, OSRAM GmbH., 2022
Osram GmbH leads the automotive LED lighting market. Innovations and expansions are the major revenue factor, as in recently, Osram received approval from German government for EUR 400 million sale of its Lamps unit.
The rising accident rates, growing demand for EVs, and supportive government policies drive the market’s growth
- In terms of value share, in 2022, headlights accounted for most of the market share (51.8%), followed by others (miniature LED lights, LED license plate lights, fog Lights, and interior LED lights), directional signal lights (DSLs), day time running lights, and stop lights. The headlights segment is expected to gain a higher market share in the future. Along with the rising number of accidents, the penetration rate of fog LED lamps and headlamps is anticipated to rise. Approximately 1.3 million people die each year as a result of road traffic crashes globally.
- In terms of volume share, in 2023, DSLs accounted for most of the market share (27.9%), followed by headlights (17.7%), others (miniature LED lights, LED license plate lights, fog Lights, and interior LED lights) (16.4%), and stop lights. The market share is expected to remain the same for all the segments during the forecast period, with a slight reduction in the others and stop lights segment and an increase in the DSLs and headlights segments. External lights (primarily signal lights) are highly likely to be affected in minor to major accidents in all types of vehicles and require replacement.
- EVs are one of the primary drivers for the surging demand for automotive LEDs globally. China led the EV market, accounting for 60% of global electric car sales in 2022, followed by Europe and the United States, which saw strong sales growth of 15% and 55%, respectively.
- The ambitious policy programs in major economies, such as the Fit for 55 package in the European Union and the Inflation Reduction Act in the United States, are expected to boost the market share of EVs. Key players in the market are also focusing on expanding their EV plants in developed nations.
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Growth in EVs, autonomous vehicles, and government incentives are expected to boost the adoption of LED lights in the automotive industry
- In terms of value share, the Asia-Pacific automotive LED lighting market accounted for the majority share in 2022, followed by North America and Europe, respectively. The market share is expected to increase for Asia-Pacific in 2029, as most of the six Asian countries, such as China, Japan, Thailand, Taiwan, Malaysia, and India, have introduced incentives such as protecting their domestic markets and giving preferential treatment to automakers in promoting their automobile industries.
- In terms of volume share, the Asia-Pacific automotive LED lighting market accounted for the majority share in 2022, followed by Europe and North America. In Europe, the rise of electric vehicles and technological advances in the types of fuels used in vehicles are transforming the region's automotive industry. Sales of battery electric vehicles in the European Union are still growing rapidly. For example, 12.1% of the 9.1 million cars sold on the EU market in 2022 were pure battery electric vehicles. By contrast, in 2019, this share was just 1.9%, and in 2021 it was 9.1%.
- Electrification is the most significant transformation the industry is undergoing worldwide. Another trend rising is autonomous vehicles. It is important to note that technology contributes to auto companies' carbon-neutral goals. The Middle East is an important market for Nissan. Many modern vehicles are getting smarter and more connected. It will be equipped with intelligent mobility and autonomous driving, similar to the Nissan Ariya. Such transformations are undertaken in other parts of the region. Thus, growth in the regional automotive segment may increase the penetration of LEDs in the market.
Global Automotive LED Lighting Market Trends
The increasing demand for EVs is anticipated to raise the market value
- The total automobile production globally was 143.96 million units in 2022, and it was expected to reach 150.92 million units in 2023. The gathered data indicated a 16% reduction in the manufacturing of automotive cars in 2020, following a dismal 2019, which already showed a noticeable decline of roughly 5% in global auto output. The average decline across all of Europe was more than 21%. Sharp decreases in all major producing nations ranged from 11% to roughly 40%. Manufacturing in Europe accounted for roughly 22% of the total production. Vehicle manufacturing in the Americas accounted for 20% of global production in 2020. The African continent had a severe decrease of more than 35% in manufacturing. Asia, on the other hand, held up very well, with a decline of only 10%. According to the numbers provided, the COVID-19 pandemic had a tremendous impact on the automotive industry, which decreased the demand for LEDs.
- Volkswagen Group, Stellantis, Mercedes-Benz, BMW, Porsche, Hurtan, GTA Motors, Audi, TATA Motors, Mahindra & Mahindra, SAIC Motor, Hyundai Motor Company, Kia Corporation, KG Mobility, and Renault Korea Motors are the major automotive manufacturing companies globally. In 2022, there were more than 10 million electric vehicle sales worldwide, and the sales in 2023 were anticipated to increase by another 35% to a total of 14 million. Due to this rapid expansion, the market share of electric automobiles increased from 4% in 2020 to 14% in 2022. In addition, as more electric vehicles are being used, there is a rising demand for automotive semiconductor chips because they require more processors per vehicle than conventional cars. The market for LED lighting is expected to benefit from the increase in semiconductor demand in the automobile industry.
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The increasing number of battery swapping stations and battery recycling service outlets and the rising demand for EVs are expected to drive the growth of the market
- The EV markets are expanding at an exponential rate, with sales exceeding 10 million in 2022. In 2022, electric vehicles accounted for 14% of all new vehicle sales, up from roughly 9% in 2021 and less than 5% in 2020. Global sales were led by three markets. China was the leader, accounting for almost 60% of global electric vehicle sales. China accounts for more than half of all the electric vehicles on the road worldwide, and the government has already exceeded its 2025 target for new energy vehicle sales.
- By 2022, China had 1,973 battery swapping stations, including 675 built in 2022 and over 10,000 power battery recycling service outlets. Thus, the rapid growth of charging facilities indicates the booming new energy vehicle (NEV) sector in the country. In October 2022, the German government unveiled plans to boost charging infrastructure for electric vehicles. The plan consisted of a EUR 6.3 billion (USD 6.17 billion) proposal that would increase the number of charging points across the country to 1 million by 2030.
- In major markets, electric car sales were normally low in 2022, but it was a growth year in India, Thailand, and Indonesia. Sales of electric vehicles in these countries more than tripled since 2021, reaching 80,000 units. In the United States, the Inflation Reduction Act (IRA), combined with a number of states adopting California's Advanced Clean Cars II rule, is likely to produce a 50% market share for electric cars in 2030, in line with the national target. Considering the abovementioned instances, key manufacturers across the world are expected to invest more in developing and producing automotive LEDs.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing energy-efficient construction and the rise in global sales of EVs are expected to drive the market's growth
- Online financing options through technology and government incentives to promote the use of EVs are expected to drive the market
- Asia-Pacific is one of the significant exporters of LED products, and the growing demand for EVs may drive the market's growth
- The United States' large road network, increasing use of smart traffic management systems, and increasing highway construction projects are expected to drive the growth of LED market
- Global sales of commercial construction exceeding by 59% in 2020, increasing pipeline projects, and increasing demand for EVs are expected to drive the market's growth
- Increasing car registrations, passenger cars having the highest motor vehicle sales, and technological advancements are expected to drive the market's growth
- The market is driven by increasing population, rising energy-efficient construction of buildings, and government programs to promote LED penetration
- Government schemes to replace conventional bulbs with LED lights and increasing global sales of electric vehicles are expected to drive the market's growth
Automotive LED Lighting Industry Overview
The Automotive LED Lighting Market is moderately consolidated, with the top five companies occupying 48.34%. The major players in this market are HELLA GmbH & Co. KGaA (FORVIA), KOITO MANUFACTURING CO., LTD., Marelli Holdings Co., Ltd., OSRAM GmbH. and Stanley Electric Co., Ltd. (sorted alphabetically).
Automotive LED Lighting Market Leaders
HELLA GmbH & Co. KGaA (FORVIA)
KOITO MANUFACTURING CO., LTD.
Marelli Holdings Co., Ltd.
OSRAM GmbH.
Stanley Electric Co., Ltd.
Other important companies include GRUPO ANTOLIN IRAUSA, S.A., Hyundai Mobis, Nichia Corporation, Signify (Philips), Valeo.
*Disclaimer: Major Players sorted in alphabetical order.
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Automotive LED Lighting Market News
- March 2023: HELLA expands Black Magic auxiliary headlamp series with 32 new lightbars. Range expansion includes 14 lightbars with ECE approval for on-road use and 18 light-bars for off-road applications
- January 2023: HELLA introduced Flat-Light technology into series production as a daytime running light for the first time. The lighting concept is successfully transferred from the rear combination lamp to an application in the front area; series production starts in 2025.
- January 2023: Nichia Corporation and Infineon Technologies AG announced the joint development of a high-definition (HD) light engine with more than 16,000 micro-LEDs for headlight applications.
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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.
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 Argentina
- 4.11.2 Brazil
- 4.11.3 China
- 4.11.4 France
- 4.11.5 Germany
- 4.11.6 Gulf Cooperation Council
- 4.11.7 India
- 4.11.8 Japan
- 4.11.9 South Africa
- 4.11.10 South Korea
- 4.11.11 Spain
- 4.11.12 United Kingdom
- 4.11.13 United States
- 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 Region
- 5.3.1 Asia-Pacific
- 5.3.2 Europe
- 5.3.3 Middle East and Africa
- 5.3.4 North America
- 5.3.5 South America
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 Signify (Philips)
- 6.4.9 Stanley Electric Co., Ltd.
- 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, GLOBAL, 2017 - 2030
- Figure 2:
- HUMAN POPULATION IN MILLION, NUMBERS, GLOBAL, 2017 - 2030
- Figure 3:
- PER CAPITA INCOME, USD, GLOBAL, 2017 - 2030
- Figure 4:
- INTEREST RATE FOR AUTO LOANS, %, GLOBAL, 2017 - 2022
- Figure 5:
- COUNT OF CHARGING STATIONS, NUMBER, GLOBAL, 2017 - 2030
- Figure 6:
- COUNT OF AUTOMOBILES ON-ROAD IN MILLION, NUMBERS, GLOBAL, 2017 - 2030
- Figure 7:
- VALUE OF LED IMPORTS, USD MILLION, GLOBAL, 2017 - 2030
- Figure 8:
- COUNT OF HOUSEHOLDS, MILLION, GLOBAL, 2017 - 2030
- Figure 9:
- LENGTH OF ROAD NETWORKS, KM, GLOBAL, 2017 - 2030
- Figure 10:
- LED PENETRATION, %, GLOBAL, 2017 - 2030
- Figure 11:
- VOLUME SALES OF GLOBAL AUTOMOTIVE LED LIGHTING MARKET, NUMBER, GLOBAL, 2017 - 2030
- Figure 12:
- VALUE SALES OF GLOBAL AUTOMOTIVE LED LIGHTING MARKET, USD, GLOBAL, 2017 - 2030
- Figure 13:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, NUMBER, GLOBAL, 2017 - 2030
- Figure 14:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, USD, GLOBAL, 2017 - 2030
- Figure 15:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2017 - 2030
- Figure 16:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2017 - 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), NUMBER, GLOBAL, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), USD, GLOBAL, 2017 - 2030
- Figure 19:
- VALUE SHARE OF DAYTIME RUNNING LIGHTS (DRL) BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, NUMBER, GLOBAL, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, USD, GLOBAL, 2017 - 2030
- Figure 22:
- VALUE SHARE OF DIRECTIONAL SIGNAL LIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES IN HEADLIGHTS, NUMBER, GLOBAL, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES IN HEADLIGHTS, USD, GLOBAL, 2017 - 2030
- Figure 25:
- VALUE SHARE OF HEADLIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 26:
- VOLUME SALES OF LED FIXTURES IN REVERSE LIGHT, NUMBER, GLOBAL, 2017 - 2030
- Figure 27:
- VALUE SALES OF LED FIXTURES IN REVERSE LIGHT, USD, GLOBAL, 2017 - 2030
- Figure 28:
- VALUE SHARE OF REVERSE LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 29:
- VOLUME SALES OF LED FIXTURES IN STOP LIGHT, NUMBER, GLOBAL, 2017 - 2030
- Figure 30:
- VALUE SALES OF LED FIXTURES IN STOP LIGHT, USD, GLOBAL, 2017 - 2030
- Figure 31:
- VALUE SHARE OF STOP LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 32:
- VOLUME SALES OF LED FIXTURES IN TAIL LIGHT, NUMBER, GLOBAL, 2017 - 2030
- Figure 33:
- VALUE SALES OF LED FIXTURES IN TAIL LIGHT, USD, GLOBAL, 2017 - 2030
- Figure 34:
- VALUE SHARE OF TAIL LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 35:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, GLOBAL, 2017 - 2030
- Figure 36:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, GLOBAL, 2017 - 2030
- Figure 37:
- VALUE SHARE OF OTHERS BY AUTOMOTIVE UTILITY LIGHTING, %, GLOBAL, 2022 VS 2030
- Figure 38:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, NUMBER, GLOBAL, 2017 - 2030
- Figure 39:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, USD, GLOBAL, 2017 - 2030
- Figure 40:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, GLOBAL, 2017 - 2030
- Figure 41:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, GLOBAL, 2017 - 2030
- Figure 42:
- VOLUME SALES OF LED FIXTURES IN 2 WHEELERS, NUMBER, GLOBAL, 2017 - 2030
- Figure 43:
- VALUE SALES OF LED FIXTURES IN 2 WHEELERS, USD, GLOBAL, 2017 - 2030
- Figure 44:
- VOLUME SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, NUMBER, GLOBAL, 2017 - 2030
- Figure 45:
- VALUE SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, USD, GLOBAL, 2017 - 2030
- Figure 46:
- VOLUME SALES OF LED FIXTURES IN PASSENGER CARS, NUMBER, GLOBAL, 2017 - 2030
- Figure 47:
- VALUE SALES OF LED FIXTURES IN PASSENGER CARS, USD, GLOBAL, 2017 - 2030
- Figure 48:
- VOLUME SALES OF LED FIXTURES BY REGION, NUMBER, GLOBAL, 2017 - 2030
- Figure 49:
- VALUE SALES OF LED FIXTURES BY REGION, USD, GLOBAL, 2017 - 2030
- Figure 50:
- VALUE SHARE OF LED FIXTURES BY REGION, %, GLOBAL, 2017 - 2030
- Figure 51:
- VOLUME SHARE OF LED FIXTURES BY REGION, %, GLOBAL, 2017 - 2030
- Figure 52:
- VOLUME SALES OF LED FIXTURES IN ASIA-PACIFIC, NUMBER, ASIA-PACIFIC, 2017 - 2030
- Figure 53:
- VALUE SALES OF LED FIXTURES IN ASIA-PACIFIC, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 54:
- VOLUME SALES OF LED FIXTURES IN EUROPE, NUMBER, EUROPE, 2017 - 2030
- Figure 55:
- VALUE SALES OF LED FIXTURES IN EUROPE, USD, EUROPE, 2017 - 2030
- Figure 56:
- VOLUME SALES OF LED FIXTURES IN MIDDLE EAST AND AFRICA, NUMBER, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 57:
- VALUE SALES OF LED FIXTURES IN MIDDLE EAST AND AFRICA, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
- Figure 58:
- VOLUME SALES OF LED FIXTURES IN NORTH AMERICA, NUMBER, NORTH AMERICA, 2017 - 2030
- Figure 59:
- VALUE SALES OF LED FIXTURES IN NORTH AMERICA, USD, NORTH AMERICA, 2017 - 2030
- Figure 60:
- VOLUME SALES OF LED FIXTURES IN SOUTH AMERICA, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 61:
- VALUE SALES OF LED FIXTURES IN SOUTH AMERICA, USD, SOUTH AMERICA, 2017 - 2030
- Figure 62:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, GLOBAL, 2017 - 2030
- Figure 63:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2017 - 2030
- Figure 64:
- VALUE SHARE OF MAJOR PLAYERS, %, GLOBAL, 2022
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. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- In terms of value share, in 2022, headlights accounted for most of the market share (51.8%), followed by others (miniature LED lights, LED license plate lights, fog Lights, and interior LED lights), directional signal lights (DSLs), day time running lights, and stop lights. The headlights segment is expected to gain a higher market share in the future. Along with the rising number of accidents, the penetration rate of fog LED lamps and headlamps is anticipated to rise. Approximately 1.3 million people die each year as a result of road traffic crashes globally.
- In terms of volume share, in 2023, DSLs accounted for most of the market share (27.9%), followed by headlights (17.7%), others (miniature LED lights, LED license plate lights, fog Lights, and interior LED lights) (16.4%), and stop lights. The market share is expected to remain the same for all the segments during the forecast period, with a slight reduction in the others and stop lights segment and an increase in the DSLs and headlights segments. External lights (primarily signal lights) are highly likely to be affected in minor to major accidents in all types of vehicles and require replacement.
- EVs are one of the primary drivers for the surging demand for automotive LEDs globally. China led the EV market, accounting for 60% of global electric car sales in 2022, followed by Europe and the United States, which saw strong sales growth of 15% and 55%, respectively.
- The ambitious policy programs in major economies, such as the Fit for 55 package in the European Union and the Inflation Reduction Act in the United States, are expected to boost the market share of EVs. Key players in the market are also focusing on expanding their EV plants in developed nations.
| 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 | |
| Region | Asia-Pacific |
| Europe | |
| Middle East and Africa | |
| North America | |
| South America |
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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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