South America Automotive LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Base Year For Estimation | 2023 |
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Market Size (2024) | USD 147.87 Million |
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Market Size (2030) | USD 304.86 Million |
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Largest Share by Automotive Utility Lighting | Headlights |
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CAGR (2024 - 2030) | 12.82 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Automotive LED Lighting Market Analysis
The South America Automotive LED Lighting Market size is estimated at 147.87 million USD in 2024, and is expected to reach 304.86 million USD by 2030, growing at a CAGR of 12.82% during the forecast period (2024-2030).
147.87 Million
Market Size in 2024 (USD)
304.86 Million
Market Size in 2030 (USD)
52.34 %
CAGR (2017-2023)
12.82 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
41.30 %
value share, Headlights, 2023
In South America, currently passenger cars has majority of share due to its high rate of accident and number of buyers.
Largest Segment by Automotive Vehicle Lighting
51.55 %
value share, Passenger Cars, 2023
Growing trend of Evs drives this category demand. EV sales in Brazil reached almost 35,000 in 2021, a 77% increase year over year. EV sales in Colombia increased by 60% in 2021.
Fastest-growing Segment by Automotive Utility Lighting
13 %
Projected CAGR, Directional Signal Lights, 2024-2030
By 2025, HEV and EV sales in Latin America’s nine emerging electric mobility markets expected to rise to more than 158,300 units, an increase of more than 30% from 2018.
Fastest-growing Segment by Automotive Vehicle Lighting
14.23 %
Projected CAGR, 2 Wheelers, 2024-2030
The total sales of LEDs in this category is expected to reach USD 35.6 million by 2023. In 2022, the number of new motorcycle registrations increased to 1.4 million, compared to 1.2 million in 2021.
Leading Market Player
48.31 %
market share, OSRAM GmbH., 2022
Osram GmbH has the highest market share in South America. Their latest LED light sources for DRL require 33% less power compared to six years ago models, while providing more brightness at the same time.
Headlights are expected to hold the highest market share
- In terms of value, in 2023, headlights accounted for the majority share, followed by fog lights and directional signal lights. The market share for headlights and directional signal lights is expected to increase during the forecast period. The major reason for their adoption is the energy efficiency and accident prevention. Irrespective of its high price, the market share will increase as LED lighting used as headlights provides a 60% decrease in energy consumption. Potholes in city streets, such as Rio, are the cause of 90% of traffic accidents, and LED headlights are adopted to prevent them.
- In terms of volume share, in 2023, directional signal lights (DSL) accounted for a majority share, followed by headlights and fog lights. In South America, passenger cars currently have the majority share due to the high accident rate and number of buyers in the region. The lack of road safety in Latin America and the Caribbean (LAC) results in nearly 130,000 deaths and six million injuries per year, which also includes a lack of proper DSL. Such a factor indicates major volume demand for such lighting and is expected to increase in the coming years.
- EV policy in South American countries is the major trend adoption for EV sales, which is indirectly increasing the demand for LED lighting. In Costa Rica, 100% of new light vehicle sales and 100% of buses and taxis will be ZEVs (Zero Emission Vehicles) by 2050. In Chile, 100% of new sales of light-duty vehicles, urban buses, and taxis will be EVs by 2035. Such factors are expected to boost the market.
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South America Automotive LED Lighting Market Trends
Increasing EV sales to drive the LED market
- The total automobile vehicle production in South America was 5.12 million units in 2022, and it was expected to reach 5.43 million units in 2023. The pandemic and the lack of micro components have had a significant impact on the automotive sector in Latin America. Due to the COVID-19 pandemic, leading two auto producers in Latin America, Mexico, and Brazil had an astounding 99% drop in April, producing just 5,569 vehicles in total. Only 27,889 vehicles were sent from Mexico in April, which is more reliant on exports to the United States than any other country. Brazil is more concerned with its own local market. However, it exports a lot to Argentina. Exports decreased by 77%. The demand for LED lighting in the automotive business was impacted by the decline in auto production.
- South American automakers include Ford Motor Company, General Motors Company, Honda, BMW, Fiat, Chevrolet, and Peugeot. In Latin America, the number of EVs is increasing. For instance, premium car buyers in Latin America are driving an increase in the sales of electric vehicles. Nearly 25,000 EVs were sold in the area in 2021, more than double the amount sold in 2020. From Mexico to Chile, EV sales made up 0.7% of all automobile sales in 2021, with regional variations. Brazil sold the most units (13,000), and Costa Rica had the highest percentage (2.7% of all vehicles sold had a plug). Therefore, it is anticipated that the need for LED lighting in the automobile industry will expand as more people adopt EVs.
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The LED market is driven by government initiatives propelling EV sales in the region
- The South American EV market is predicted to rise significantly. In the first half of 2022, 9 countries in the region saw electric and hybrid vehicle sales of more than 67,000 vehicles. In the same period, sales percentage increased by 37.7% in 8 Latin American countries. Brazil accounts for well over half the entire South American vehicle market. In 2022, the Brazilian market saw 917,942 vehicle sales, of which 3,843 were BEVs (0.4%) and 19,764 were hybrids, including both HEVs and PHEVs.
- The region is driven by a combination of factors that include government incentive programs, rising prices for conventional fuels, and a wider range of available EV models. Also, EV sales in South America have been boosted by an expansion of charging infrastructure and increased demand for low-emission vans and small trucks. In February 2022, Enel X SRL, which provides electrified and digitalized urban infrastructure ecosystem and energy efficiency services, opened the first "EV Service Station" in Latin America, located in Chile, to support any vehicle that uses electricity as its primary energy source.
- The Chilean government is setting the standard for EV development regulations. Chile's government stated in 2021 that all vehicles sold in Chile after 2035 will be electric. In November 2022, BYD signed a statement of intent with the municipal government of Camacari in the Brazilian state of Bahia to establish a manufacturing plant for electric vehicles and raw battery materials. Two of its production lines will be operational by October 2024, and the other line will go live in January 2025. Thus, the above instances lead to the development and production of new power stations because of the growing demand for EVs, which boosts the demand for automotive LEDs in the region.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Automobile production to boost the LED lighting market
- The LED market is driven by tax exemption on EVs to promote EV registration in the region
- Government programs to support the growth of LED lighting in the region
- Government investments, tender launches, and construction of highways to drive the growth of the LED market
- An increase in commercial vehicle production and incorporation of charging stations corresponds to the growth of LED lights
- Automobile manufacturers increased commercial vehicle sales by 2% in 2021, corresponding to an increase in the growth of the LED market
- Increasing population and affordable housing plans in the region to drive the growth of the LED lighting market
- Government initiatives to promote energy-efficient LED lights and ban conventional bulbs in the region driving the market
South America Automotive LED Lighting Industry Overview
The South America Automotive LED Lighting Market is fairly consolidated, with the top five companies occupying 83.25%. 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).
South America Automotive LED Lighting Market Leaders
KOITO MANUFACTURING CO., LTD.
Marelli Holdings Co., Ltd.
OSRAM GmbH.
Stanley Electric Co., Ltd.
Valeo
Other important companies include ASX Iluminação, HELLA GmbH & Co. KGaA, HYUNDAI MOBIS, NAOEVO Lighting, SHOCKLIGHT.
*Disclaimer: Major Players sorted in alphabetical order.
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South America 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 brings FlatLight 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.
- December 2022: HELLA further expands its market position in chip-based headlamp technologies(SSL | HD).
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.
South America 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
- 4.12 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
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 ASX Iluminação
- 6.4.2 HELLA GmbH & Co. KGaA
- 6.4.3 HYUNDAI MOBIS
- 6.4.4 KOITO MANUFACTURING CO., LTD.
- 6.4.5 Marelli Holdings Co., Ltd.
- 6.4.6 NAOEVO Lighting
- 6.4.7 OSRAM GmbH.
- 6.4.8 SHOCKLIGHT
- 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, SOUTH AMERICA, 2017 - 2030
- Figure 2:
- HUMAN POPULATION IN MILLION, NUMBERS, SOUTH AMERICA, 2017 - 2030
- Figure 3:
- PER CAPITA INCOME, USD, SOUTH AMERICA, 2017 - 2030
- Figure 4:
- INTEREST RATE FOR AUTO LOANS, %, SOUTH AMERICA, 2017 - 2022
- Figure 5:
- COUNT OF CHARGING STATIONS, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 6:
- COUNT OF AUTOMOBILES ON-ROAD IN MILLION, NUMBERS, SOUTH AMERICA, 2017 - 2030
- Figure 7:
- VALUE OF LED IMPORTS, USD MILLION, SOUTH AMERICA, 2017 - 2030
- Figure 8:
- COUNT OF HOUSEHOLDS, MILLION, SOUTH AMERICA, 2017 - 2030
- Figure 9:
- LENGTH OF ROAD NETWORKS, KM, SOUTH AMERICA, 2017 - 2030
- Figure 10:
- LED PENETRATION, %, SOUTH AMERICA, 2017 - 2030
- Figure 11:
- VOLUME SALES OF SOUTH AMERICA AUTOMOTIVE LED LIGHTING MARKET, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 12:
- VALUE SALES OF SOUTH AMERICA AUTOMOTIVE LED LIGHTING MARKET, USD, SOUTH AMERICA, 2017 - 2030
- Figure 13:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 14:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, USD, SOUTH AMERICA, 2017 - 2030
- Figure 15:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH AMERICA, 2017 - 2030
- Figure 16:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH AMERICA, 2017 - 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), USD, SOUTH AMERICA, 2017 - 2030
- Figure 19:
- VALUE SHARE OF DAYTIME RUNNING LIGHTS (DRL) BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH AMERICA, 2022 VS 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, USD, SOUTH AMERICA, 2017 - 2030
- Figure 22:
- VALUE SHARE OF DIRECTIONAL SIGNAL LIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH AMERICA, 2022 VS 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES IN HEADLIGHTS, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES IN HEADLIGHTS, USD, SOUTH AMERICA, 2017 - 2030
- Figure 25:
- VALUE SHARE OF HEADLIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH AMERICA, 2022 VS 2030
- Figure 26:
- VOLUME SALES OF LED FIXTURES IN REVERSE LIGHT, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 27:
- VALUE SALES OF LED FIXTURES IN REVERSE LIGHT, USD, SOUTH AMERICA, 2017 - 2030
- Figure 28:
- VALUE SHARE OF REVERSE LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH AMERICA, 2022 VS 2030
- Figure 29:
- VOLUME SALES OF LED FIXTURES IN STOP LIGHT, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 30:
- VALUE SALES OF LED FIXTURES IN STOP LIGHT, USD, SOUTH AMERICA, 2017 - 2030
- Figure 31:
- VALUE SHARE OF STOP LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH AMERICA, 2022 VS 2030
- Figure 32:
- VOLUME SALES OF LED FIXTURES IN TAIL LIGHT, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 33:
- VALUE SALES OF LED FIXTURES IN TAIL LIGHT, USD, SOUTH AMERICA, 2017 - 2030
- Figure 34:
- VALUE SHARE OF TAIL LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH AMERICA, 2022 VS 2030
- Figure 35:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 36:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, SOUTH AMERICA, 2017 - 2030
- Figure 37:
- VALUE SHARE OF OTHERS BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH AMERICA, 2022 VS 2030
- Figure 38:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 39:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, USD, SOUTH AMERICA, 2017 - 2030
- Figure 40:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, SOUTH AMERICA, 2017 - 2030
- Figure 41:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, SOUTH AMERICA, 2017 - 2030
- Figure 42:
- VOLUME SALES OF LED FIXTURES IN 2 WHEELERS, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 43:
- VALUE SALES OF LED FIXTURES IN 2 WHEELERS, USD, SOUTH AMERICA, 2017 - 2030
- Figure 44:
- VOLUME SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 45:
- VALUE SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, USD, SOUTH AMERICA, 2017 - 2030
- Figure 46:
- VOLUME SALES OF LED FIXTURES IN PASSENGER CARS, NUMBER, SOUTH AMERICA, 2017 - 2030
- Figure 47:
- VALUE SALES OF LED FIXTURES IN PASSENGER CARS, USD, SOUTH AMERICA, 2017 - 2030
- Figure 48:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH AMERICA, 2017 - 2030
- Figure 49:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2017 - 2030
- Figure 50:
- VALUE SHARE OF MAJOR PLAYERS, %, SOUTH AMERICA, 2022
South America 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, in 2023, headlights accounted for the majority share, followed by fog lights and directional signal lights. The market share for headlights and directional signal lights is expected to increase during the forecast period. The major reason for their adoption is the energy efficiency and accident prevention. Irrespective of its high price, the market share will increase as LED lighting used as headlights provides a 60% decrease in energy consumption. Potholes in city streets, such as Rio, are the cause of 90% of traffic accidents, and LED headlights are adopted to prevent them.
- In terms of volume share, in 2023, directional signal lights (DSL) accounted for a majority share, followed by headlights and fog lights. In South America, passenger cars currently have the majority share due to the high accident rate and number of buyers in the region. The lack of road safety in Latin America and the Caribbean (LAC) results in nearly 130,000 deaths and six million injuries per year, which also includes a lack of proper DSL. Such a factor indicates major volume demand for such lighting and is expected to increase in the coming years.
- EV policy in South American countries is the major trend adoption for EV sales, which is indirectly increasing the demand for LED lighting. In Costa Rica, 100% of new light vehicle sales and 100% of buses and taxis will be ZEVs (Zero Emission Vehicles) by 2050. In Chile, 100% of new sales of light-duty vehicles, urban buses, and taxis will be EVs by 2035. Such factors are expected to boost the market.
| 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 |
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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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