South Korea Automotive LED Lighting Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 493.10 Million |
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Market Size (2030) | USD 848.75 Million |
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Largest Share by Automotive Utility Lighting | Headlights |
|
|
CAGR (2024 - 2030) | 9.47 % |
|
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Fastest Growing by Automotive Utility Lighting | Directional Signal Lights |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South Korea Automotive LED Lighting Market Analysis
The South Korea Automotive LED Lighting Market size is estimated at 493.10 million USD in 2024, and is expected to reach 848.75 million USD by 2030, growing at a CAGR of 9.47% during the forecast period (2024-2030).
493.10 Million
Market Size in 2024 (USD)
848.75 Million
Market Size in 2030 (USD)
16.96 %
CAGR (2017-2023)
9.47 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
48.97 %
value share, Headlights, 2023
The growing sales for two-wheelers and passenger vehicles across the country drives the growth of LED Headlights leading the expected to reach USD 228.3 million by 2023.
Largest Segment by Automotive Vehicle Lighting
90.19 %
value share, Passenger Cars, 2023
With more than 20 million registered cars, the auto market has grown quantitatively as a result of the rise of both the domestic economy and the auto industry.
Fastest-growing Segment by Automotive Utility Lighting
9.48 %
Projected CAGR, Directional Signal Lights, 2024-2030
The development of safety features increase demand for LED signal lights in passenger cars and 2-wheelers leading the expected sales to reach USD 68 million by 2023.
Fastest-growing Segment by Automotive Vehicle Lighting
9.98 %
Projected CAGR, 2 Wheelers, 2024-2030
Increasing demand for electric 2-Wheelers and they were about 2.2 million two-wheeled vehicles registered as of 2021, up from about 2.1 million in 2015.
Leading Market Player
29.61 %
market share, Seoul Semiconductor Co., Ltd., Ltd.
Seoul Semiconductor Co., Ltd. has the highest market share in South Korea. The company's developing optical semiconductor technologies, developing over 18,000 patented technologies and wide range of product offerings.
The market's growth is driven by upgrading domestic legislation to harmonize car safety regulations, including adding advanced lighting to decrease car accidents.
- Korea continues to be the fifth-largest producer of automobiles in the world. With more than 20 million registered cars, the auto market has grown quantitatively due to the rise of both the domestic economy and the auto industry. However, Korea still trails behind developed nations in the frequency of fatalities and accidents involving motor vehicles.
- In light of the situation, the Korean government established extensive steps to lower traffic fatalities and has implemented cross-ministry initiatives to confront the challenge. In this regard, the government is committed to upgrading domestic legislation to meet the nation's traffic settings better while also harmonizing domestic car safety regulations with international ones.
- A safety requirement for cars is the Korea Motor Vehicle Safety Standard (KMVSS), which the Korean government upholds. Laws governing automotive illumination are also included. The purpose of the South Korean Motor Vehicle Management Act is to effectively manage motor vehicles, ensure their functionality, and ensure their safety by outlining the requirements for registration, safety standards, self-authentication, the correction of manufacturing flaws, inspection, maintenance, testing, and motor vehicle management businesses, among other things, and thereby help to advance public welfare.
- Companies like Hyundai Mobis, Hella, Valeo, Stanley Electric, and others are involved in the nation's innovation market. In 2019, Valeo unveiled the 4,000-pixel Valeo PictureBeam Monolithic headlamp, which not only lights the road ahead but also enables the driver to remain on full-beam continually without dazzling other drivers, pedestrians, or cyclists. These innovations are driving the market for LED lights in the country.
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South Korea Automotive LED Lighting Market Trends
Technological innovation and EV based government initiatives to drive the growth of LED market in the country
- The total automobile vehicle production in South Korea was 3.66 million units in 2022, and it is expected to reach 3.75 million units in 2023. The pandemic impacted the Korean auto sector. SsangYong Motors closed its Pyeongtaek Plant from February 4 to February 12; Hyundai Motors temporarily halted production of all vehicle lines beginning on February 7 (with a partial shutdown starting on February 4); Kia Motors reduced production at its Hwasung and Kwangjoo Plants; and Renault Samsung considered a temporary shutdown on February 10. This downfall adversely affected the supply chain of LED light raw materials to these market players.
- Hyundai Motor Company, Kia Corporation, KG Mobility, Renault Korea Motors, Tata Daewoo, Edison Motors, and Asia Motors are some of the major auto car manufacturers in the region. The region is becoming more technologically innovative in the automotive industry. For instance, the Hyundai Motor Group introduced the robust Robotaxi (with a safety driver) in June 2022. The introduction of robotics in the auto industry is expected to drive the growth of LEDs as they cope well with smart technology and provide better output.
- The initiatives by the South Korean government to increase EVs in the region are growing. For instance, at the first International Day of Clean Air for Blue Skies in September 2020, former South Korean President Moon Jae-in virtually declared that, with a USD 17 billion investment, the nation would increase the number of electric cars from the current 110,000 to 1.13 million by 2025 and increase the number of hydrogen vehicles from 8,000 to 200,000. The use and adoption of LED lighting in the South Korean automobile sector will increase rapidly due to the expansion of EVs.
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Increase in EV subsidies and investment by automotive manufacturers to drive the growth of the LED market
- In 2022, South Korea had 1.59 million environmentally friendly vehicles on the road, primarily electric, hybrid, and hydrogen fuel cell vehicles. The number of battery electric vehicles (BEVs) in circulation had risen by 68% to 389,855 units by the end of 2022 from 231,443 units in 2021. Some streetlights in the capital of South Korea have been replaced with "streetlamp chargers" that can recharge an electric vehicle to 100% in just one hour. It is a portion of a significant EV charger deployment in Seoul, which aims to have more than 200,000 charging stations by 2026.
- Hyundai Motor Group planned to invest KRW 24 trillion (USD 18.14 billion) in South Korea's electric vehicle (EV) industry through 2030, which is bolstering its presence in the automotive segment and is set to begin production in 2025. The number of EVs that receive subsidies from the government increased by 34% to 215,000 automobiles in 2023 from 160,000 in 2022, while the average subsidy amount per vehicle decreased to KRW 6.8 million (USD 5,115.9) from KRW 7 million (USD 5,266.6).
- In November 2022, SK Signet (which provides a full range of charging solutions) planned to redevelop an existing building in Plano as its first US manufacturing facility for electric vehicle fast chargers and was expected to go live in Mid-2023. The facility allocated USD 7.5 billion to build a nationwide network of 500,000 EV chargers and the National Electric Vehicle Infrastructure program, which approved USD 5 billion to build the US EV charging network. Thus, the above instances lead to the development and production of new power stations because of the increasing 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
- Increase in construction and sales of residential houses and commercial buildings to drive the growth of the LED market
- Auto financing, instalment plans, and reduced interest rates on car loans to drive the growth of the LED market
- The LED market would be boosted by tax benefits to semiconductor manufacturers and investments for LED chip producers
- Increase in the development of eco-friendly green roads to create opportunity for LED penetration in the country
- Growth of the South Korean logistic industry to propel the growth of the LED market
- Increase in new car registration by 5.2% in 2022 caters to more use of LED lights
- Increase disposable income and house development projects to create opportunities for LED penetration
- Government initiatives to drive the growth of LED penetration
South Korea Automotive LED Lighting Industry Overview
The South Korea Automotive LED Lighting Market is moderately consolidated, with the top five companies occupying 50.38%. The major players in this market are HYUNDAI MOBIS, Marelli Holdings Co., Ltd., OSRAM GmbH., Seoul Semiconductor Co., Ltd. and Valeo (sorted alphabetically).
South Korea Automotive LED Lighting Market Leaders
HYUNDAI MOBIS
Marelli Holdings Co., Ltd.
OSRAM GmbH.
Seoul Semiconductor Co., Ltd.
Valeo
Other important companies include DH LIGHTING CO., LTD., GRUPO ANTOLIN IRAUSA, S.A., HELLA GmbH & Co. KGaA (FORVIA), Nichia Corporation, Stanley Electric Co., Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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South Korea 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 leading market position in chip-based headlamp technologies(SSL | HD). World's first series production of an SSL | HD headlamp started at the Lippstadt site
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 Korea 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
-
4.11 Regulatory Framework
- 4.11.1 South Korea
- 4.12 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
-
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
-
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
-
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 DH LIGHTING CO., LTD.
- 6.4.2 GRUPO ANTOLIN IRAUSA, S.A.
- 6.4.3 HELLA GmbH & Co. KGaA (FORVIA)
- 6.4.4 HYUNDAI MOBIS
- 6.4.5 Marelli Holdings Co., Ltd.
- 6.4.6 Nichia Corporation
- 6.4.7 OSRAM GmbH.
- 6.4.8 Seoul Semiconductor Co., Ltd.
- 6.4.9 Stanley Electric Co., Ltd.
- 6.4.10 Valeo
7. KEY STRATEGIC QUESTIONS FOR LED CEOS
8. APPENDIX
-
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 KOREA, 2017 - 2030
- Figure 2:
- HUMAN POPULATION IN MILLION, NUMBERS, SOUTH KOREA, 2017 - 2030
- Figure 3:
- PER CAPITA INCOME, USD, SOUTH KOREA, 2017 - 2030
- Figure 4:
- INTEREST RATE FOR AUTO LOANS, %, SOUTH KOREA, 2017 - 2022
- Figure 5:
- COUNT OF CHARGING STATIONS, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 6:
- COUNT OF AUTOMOBILES ON-ROAD IN MILLION, NUMBERS, SOUTH KOREA, 2017 - 2030
- Figure 7:
- VALUE OF LED IMPORTS, USD MILLION, SOUTH KOREA, 2017 - 2030
- Figure 8:
- COUNT OF HOUSEHOLDS, MILLION, SOUTH KOREA, 2017 - 2030
- Figure 9:
- LENGTH OF ROAD NETWORKS, KM, SOUTH KOREA, 2017 - 2030
- Figure 10:
- LED PENETRATION, %, SOUTH KOREA, 2017 - 2030
- Figure 11:
- VOLUME SALES OF SOUTH KOREA AUTOMOTIVE LED LIGHTING MARKET, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 12:
- VALUE SALES OF SOUTH KOREA AUTOMOTIVE LED LIGHTING MARKET, USD, SOUTH KOREA, 2017 - 2030
- Figure 13:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 14:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, USD, SOUTH KOREA, 2017 - 2030
- Figure 15:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH KOREA, 2017 - 2030
- Figure 16:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH KOREA, 2017 - 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), USD, SOUTH KOREA, 2017 - 2030
- Figure 19:
- VALUE SHARE OF DAYTIME RUNNING LIGHTS (DRL) BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH KOREA, 2022 VS 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, USD, SOUTH KOREA, 2017 - 2030
- Figure 22:
- VALUE SHARE OF DIRECTIONAL SIGNAL LIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH KOREA, 2022 VS 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES IN HEADLIGHTS, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES IN HEADLIGHTS, USD, SOUTH KOREA, 2017 - 2030
- Figure 25:
- VALUE SHARE OF HEADLIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH KOREA, 2022 VS 2030
- Figure 26:
- VOLUME SALES OF LED FIXTURES IN REVERSE LIGHT, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 27:
- VALUE SALES OF LED FIXTURES IN REVERSE LIGHT, USD, SOUTH KOREA, 2017 - 2030
- Figure 28:
- VALUE SHARE OF REVERSE LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH KOREA, 2022 VS 2030
- Figure 29:
- VOLUME SALES OF LED FIXTURES IN STOP LIGHT, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 30:
- VALUE SALES OF LED FIXTURES IN STOP LIGHT, USD, SOUTH KOREA, 2017 - 2030
- Figure 31:
- VALUE SHARE OF STOP LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH KOREA, 2022 VS 2030
- Figure 32:
- VOLUME SALES OF LED FIXTURES IN TAIL LIGHT, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 33:
- VALUE SALES OF LED FIXTURES IN TAIL LIGHT, USD, SOUTH KOREA, 2017 - 2030
- Figure 34:
- VALUE SHARE OF TAIL LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH KOREA, 2022 VS 2030
- Figure 35:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 36:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, SOUTH KOREA, 2017 - 2030
- Figure 37:
- VALUE SHARE OF OTHERS BY AUTOMOTIVE UTILITY LIGHTING, %, SOUTH KOREA, 2022 VS 2030
- Figure 38:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 39:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, USD, SOUTH KOREA, 2017 - 2030
- Figure 40:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, SOUTH KOREA, 2017 - 2030
- Figure 41:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, SOUTH KOREA, 2017 - 2030
- Figure 42:
- VOLUME SALES OF LED FIXTURES IN 2 WHEELERS, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 43:
- VALUE SALES OF LED FIXTURES IN 2 WHEELERS, USD, SOUTH KOREA, 2017 - 2030
- Figure 44:
- VOLUME SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 45:
- VALUE SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, USD, SOUTH KOREA, 2017 - 2030
- Figure 46:
- VOLUME SALES OF LED FIXTURES IN PASSENGER CARS, NUMBER, SOUTH KOREA, 2017 - 2030
- Figure 47:
- VALUE SALES OF LED FIXTURES IN PASSENGER CARS, USD, SOUTH KOREA, 2017 - 2030
- Figure 48:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH KOREA, 2017 - 2030
- Figure 49:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH KOREA, 2017 - 2030
- Figure 50:
- VALUE SHARE OF MAJOR PLAYERS, %, SOUTH KOREA, 2022
South Korea 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.
- Korea continues to be the fifth-largest producer of automobiles in the world. With more than 20 million registered cars, the auto market has grown quantitatively due to the rise of both the domestic economy and the auto industry. However, Korea still trails behind developed nations in the frequency of fatalities and accidents involving motor vehicles.
- In light of the situation, the Korean government established extensive steps to lower traffic fatalities and has implemented cross-ministry initiatives to confront the challenge. In this regard, the government is committed to upgrading domestic legislation to meet the nation's traffic settings better while also harmonizing domestic car safety regulations with international ones.
- A safety requirement for cars is the Korea Motor Vehicle Safety Standard (KMVSS), which the Korean government upholds. Laws governing automotive illumination are also included. The purpose of the South Korean Motor Vehicle Management Act is to effectively manage motor vehicles, ensure their functionality, and ensure their safety by outlining the requirements for registration, safety standards, self-authentication, the correction of manufacturing flaws, inspection, maintenance, testing, and motor vehicle management businesses, among other things, and thereby help to advance public welfare.
- Companies like Hyundai Mobis, Hella, Valeo, Stanley Electric, and others are involved in the nation's innovation market. In 2019, Valeo unveiled the 4,000-pixel Valeo PictureBeam Monolithic headlamp, which not only lights the road ahead but also enables the driver to remain on full-beam continually without dazzling other drivers, pedestrians, or cyclists. These innovations are driving the market for LED lights in the country.
| 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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