Market Size of india automotive led lighting Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 0.59 Billion |
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Market Size (2030) | USD 1.16 Billion |
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Largest Share by Automotive Utility Lighting | Headlights |
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CAGR (2024 - 2030) | 11.85 % |
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Fastest Growing by Automotive Utility Lighting | Reverse Light |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Automotive LED Lighting Market Analysis
The India Automotive LED Lighting Market size is estimated at 0.59 billion USD in 2024, and is expected to reach 1.16 billion USD by 2030, growing at a CAGR of 11.85% during the forecast period (2024-2030).
0.59 Billion
Market Size in 2024 (USD)
1.16 Billion
Market Size in 2030 (USD)
33.87 %
CAGR (2017-2023)
11.85 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
34.90 %
value share, Headlights, 2023
The total sales of LEDs in this category is expected to reach USD 185.7 million by 2023. It is driven by government regulations and the need for safe driving.
Largest Segment by Automotive Vehicle Lighting
44.55 %
value share, 2 Wheelers, 2023
The total sales of LEDs in this category is expected to reach USD 237 million by 2023. In May 2023, India's retail sales of electric two-wheelers increased by 57% compared to April 2023.
Fastest-growing Segment by Automotive Utility Lighting
12.24 %
Projected CAGR, Reverse Light, 2024-2030
In India there is an increase consumer demand for advanced vehicle features and limited parking space availability for passenger cars.
Fastest-growing Segment by Automotive Vehicle Lighting
13.38 %
Projected CAGR, Commercial Vehicles, 2024-2030
The total sales of LEDs in this category is expected to reach USD 63.6 million by 2023. In FY 2022-2023, the overall Commercial Vehicles sales increased from 7,16,566 to 9,62,468 units.
Leading Market Player
20.73 %
market share, OSRAM GmbH., 2022
OSRAM GmbH. has the highest market share in India. In APAC region, India and China are the company's two key markets and it offers lighting solutions (not limited to LED Lighting) approximately 70% of the passenger vehicles in India.
Headlights are expected to hold the highest share by market value
- In terms of value share, in 2017, headlights accounted for the majority, followed by directional signal lights and DRL. The market share is expected to remain the same for headlights and DRL during the forecast period, with a small reduction in directional signal lights. The biggest trend in India's automotive lighting market is the addition of DRLs (daytime running lamps) with projector lights in frontal lighting. Tata, Hyundai, and Mahindra are among the few popular examples of integrating LED projector lights in upcoming vehicles. The fog LED lamp penetration rate is expected to increase with increasing accident trends. Accidents under adverse weather conditions such as rainy, foggy, and hail/sleet accounted for 16.8% of total road accidents in 2021, an increase of 12.6% from the prior year.
- In terms of volume share, in 2017, directional signal lights accounted for the majority, followed by headlights and stoplights. The market share is expected to remain the same with less fluctuation for these lights. Directional signal lights are the prime part with a high probability of getting affected in minor to major accidents in all types of vehicles and require replacement. In 2017, a total of 4,64,910 road accidents occurred, while in 2021, it decreased to 4,12,432. This also indicated the decrease in the volume of directional signal light every year.
- In terms of expansion and innovations, in September 2022, Marelli inaugurated its new Technical R&D Center in Bangalore, South India, boosting the company's innovation capability in Mechanical Design Simulations for Electronics and moving forward for automotive lighting products.
India 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.
- In terms of value share, in 2017, headlights accounted for the majority, followed by directional signal lights and DRL. The market share is expected to remain the same for headlights and DRL during the forecast period, with a small reduction in directional signal lights. The biggest trend in India's automotive lighting market is the addition of DRLs (daytime running lamps) with projector lights in frontal lighting. Tata, Hyundai, and Mahindra are among the few popular examples of integrating LED projector lights in upcoming vehicles. The fog LED lamp penetration rate is expected to increase with increasing accident trends. Accidents under adverse weather conditions such as rainy, foggy, and hail/sleet accounted for 16.8% of total road accidents in 2021, an increase of 12.6% from the prior year.
- In terms of volume share, in 2017, directional signal lights accounted for the majority, followed by headlights and stoplights. The market share is expected to remain the same with less fluctuation for these lights. Directional signal lights are the prime part with a high probability of getting affected in minor to major accidents in all types of vehicles and require replacement. In 2017, a total of 4,64,910 road accidents occurred, while in 2021, it decreased to 4,12,432. This also indicated the decrease in the volume of directional signal light every year.
- In terms of expansion and innovations, in September 2022, Marelli inaugurated its new Technical R&D Center in Bangalore, South India, boosting the company's innovation capability in Mechanical Design Simulations for Electronics and moving forward for automotive lighting products.
| 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 |
India Automotive LED Lighting Market Size Summary
The India Automotive LED Lighting Market is experiencing significant growth, driven by the increasing adoption of LED technology in vehicles. This growth is fueled by the rising demand for energy-efficient and high-lumen output lighting solutions, which enhance both the aesthetic appeal and safety of vehicles. The market is characterized by a strong focus on innovation and expansion, with companies like Marelli establishing R&D centers to boost their capabilities in automotive lighting. The integration of LED projector lights and daytime running lamps in vehicles by major automakers such as Tata, Hyundai, and Mahindra highlights the trend towards advanced lighting solutions. Additionally, the growing penetration of fog LED lamps is a response to the increasing incidence of accidents under adverse weather conditions, further propelling the demand for automotive LED lighting.
The market landscape is moderately consolidated, with key players like Fiem Industries Ltd., Lumax Industries, Marelli Holdings Co., Ltd., OSRAM GmbH, and Uno Minda Limited dominating the sector. The Indian government's initiatives to promote electric vehicles and improve charging infrastructure, such as the FAME-II scheme and the Production-Linked Incentive Scheme, are expected to significantly impact the automotive LED lighting market. These policies aim to boost the manufacturing of electric and hydrogen fuel cell vehicles, thereby increasing the demand for automotive LEDs. The market is poised for continued expansion, supported by investments in LED lighting and the growing need for EV charging infrastructure, which will further drive the adoption of LED lighting solutions in the automotive sector.
India Automotive LED Lighting Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Automotive Utility Lighting
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1.1.1 Daytime Running Lights (DRL)
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1.1.2 Directional Signal Lights
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1.1.3 Headlights
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1.1.4 Reverse Light
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1.1.5 Stop Light
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1.1.6 Tail Light
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1.1.7 Others
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1.2 Automotive Vehicle Lighting
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1.2.1 2 Wheelers
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1.2.2 Commercial Vehicles
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1.2.3 Passenger Cars
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India Automotive LED Lighting Market Size FAQs
How big is the India Automotive LED Lighting Market?
The India Automotive LED Lighting Market size is expected to reach USD 593.31 million in 2024 and grow at a CAGR of 11.85% to reach USD 1.16 billion by 2030.
What is the current India Automotive LED Lighting Market size?
In 2024, the India Automotive LED Lighting Market size is expected to reach USD 593.31 million.
