Spain Automotive LED Lighting Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 397.57 Million |
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Market Size (2030) | USD 518.71 Million |
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Largest Share by Automotive Utility Lighting | Headlights |
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CAGR (2024 - 2030) | 4.53 % |
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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 |
Spain Automotive LED Lighting Market Analysis
The Spain Automotive LED Lighting Market size is estimated at 397.57 million USD in 2024, and is expected to reach 518.71 million USD by 2030, growing at a CAGR of 4.53% during the forecast period (2024-2030).
397.57 Million
Market Size in 2024 (USD)
518.71 Million
Market Size in 2030 (USD)
-2.20 %
CAGR (2017-2023)
4.53 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
62.53 %
value share, Headlights, 2023
Automotives need to meet the safety approval of motor vehicle headlamps emitting an asymmetrical passing beam modules as per Regulation No 112.
Largest Segment by Automotive Vehicle Lighting
77.61 %
value share, Passenger Cars, 2023
The total sales of LEDs in this category is expected to reach USD 315.2 million by 2023. Spanish electric vehicle sales in 2022 increased to 100,425 units, up 21% from 2021.
Fastest-growing Segment by Automotive Utility Lighting
4.55 %
Projected CAGR, Reverse Light, 2024-2030
The expansion EVs with automotive LED technologies expected to drive the LED reversing lights demand in the country, leading the expected sales to reach USD 7.6 million by 2023.
Fastest-growing Segment by Automotive Vehicle Lighting
4.74 %
Projected CAGR, Passenger Cars, 2024-2030
Growing car registrations, increasing investments in EV manufacturing facilities resulted in German market recovery and registered 25.7% growth rate in car registrations.
Leading Market Player
6.35 %
market share, Marelli Holdings Co., Ltd., Ltd.
Marelli Holdings Co., Ltd has the highest market share in Spain. As of 2022 registrations, Peugeot and Mercedes ranked at 5th and 10th position respectively in Spain.
Rising accidents due to bad lighting and the growing demand for EVs drive the market growth
- In terms of value, in 2022, headlights accounted for the majority of the share, followed by others, directional signal lights, stop lights, taillights, and daytime running lights. The market share is expected to remain the same for headlights, directional signal lights (DSLs), daytime running lights (DRLs), reversing lights, taillights, and stop lights during the forecast period, with a small reduction in other kind types. With the rising accident trend, the penetration rate of LED lamps is anticipated to rise. In 2022, 833 people died in traffic accidents, 73% of the total, with 312 deaths occurring on dual carriageways and highways, or 27% of the total. Out of every four fatalities, three happened on regular roads, and one happened on a highway or dual carriageway. Road accidents, which made up 42% of all fatal incidents, caused close to half of all fatalities. When compared to 2019, the number of fatalities in this kind of accident increased by 13% in 2022.
- In terms of expansion and innovations, Spain is one of the most significant auto-producing nations in the world. The total vehicle production increased from 2.09 million in 2021 up to 2.22 million in 2022. The increase in domestic vehicle production resulted in an increase in the requirement for LED Lights.
- The key automotive manufacturers in the market are focusing on expanding electric vehicles in the market. In June 2023, Tesla plans to build a new EV plant in Spain with an investment of around EUR 4.5 billion (USD 4.84 billion), as Spain is Europe's second-largest car producer. Thus, the growth in NEVs would increase the penetration of automotive LEDs in the market.
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Spain Automotive LED Lighting Market Trends
Government initiatives will drive the growth of automobile production
- The total automobile vehicle production in Spain was 2.41 million units in 2022, and it is expected to reach 2.45 million units in 2023. The pandemic seriously affected Spain's automotive industry. Compared to EUR 36 billion (USD 38.79 billion) in 2019, Spain's 1,000 car component makers saw a 20–30% Y-o-Y decline in sales in 2020. In terms of car production, the nation produced 800,000 to 850,000 automobiles in 2020, a decrease of roughly 35% from 2019. The advent of COVID-19 stopped the export of cars, which caused an 87.9% yearly reduction in exports in April 2020. The supply of LED lights declined during the pandemic due to the negative effects of the pandemic on vehicle parts manufacturers and the supply chain.
- Some of the automakers that operate in Spain are SEAT, Hurtan, GTA Motors, Peugeot, and Hispano-Suiza. The number of initiatives being launched by the government and manufacturers to support the automotive industry is rising. For example, the Spanish government established a EUR 3.75 billion (USD 4.2 billion) stimulus program for the nation's automobile industry after the COVID-19 pandemic, with the aim of reducing its effects and promoting the sale of low-emission vehicles. The government's actions to support the automotive industry will drive the usage of LEDs in automobiles.
- In terms of EV sales, Spain experienced a 21% increase from 2021 to 2022, reaching 100,425 units. Sales of fully electric vehicles surged by 32% to 52,224, while sales of hybrid vehicles rose by 11% to 48,201. The need for batteries, semiconductors, and other components increased due to the rise in EV sales. This initiative is anticipated to increase the demand for LED lighting.
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Encouraging sales of low-emission vehicles will drive the growth of LED lights
- A total of 12,149 charging stations were registered for electric cars in Spain as of February 2023. Spanish electric car sales grew to 100,425 units in 2022, up by 21% from 2021 despite a 5% fall in overall vehicle sales. Fully electric vehicle sales were 52,224, units up by 32%, and hybrid vehicle sales increased by 11% to 48,201.
- By 2022, there were around 325,000 EVs on Spain’s roads. The country is behind in its target of 5 million EVs under its decarbonization plans for 2030. To achieve its target of 2030, Spain planned to implement a program to establish low-emission zones in all towns and cities with a population of more than 50,000, which will impact 25 million people.
- New passenger car registrations in Spain declined in April 2022 by 14% Y-o-Y, reaching 70,393, after a 31% decrease in March 2022, resulting in 61,225 cars sold that month due to supply chain constraints. Despite this, plug-in electric car sales in Spain continue to expand. In April, 6,365 new plug-in cars were registered (up by 41% Y-o-Y), which is 9% of the total.
- The Spanish government planned to convert the country's car manufacturing industry, the second-largest in Europe, with funds from the European Union's post-pandemic recovery plan. Spanish carmaker SEAT planned to build Spain's first electric car battery plant as part of a EUR 10-billion (USD 10.77 billion) investment in the country's electric car initiative. Thus, the development and production of new power stations because of the growing demand for EVs will boost the demand for automotive LED lighting in the region.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The growth of the LED market will be boosted by an increase in the number of residential licenses
- Government incentives, coupled with automotive loan startups, will propel automobile production in the country
- The LED market will be boosted by the increased government support to establish more EVs on roads
- Government investments will drive the growth of LED lights
- Increase real estate transactions will bolster the growth of the LED market
- An increase in motor car vehicle production will foster the growth of LED lights
- An increase in per capita income will boost LED light sales
- The national climate neutrality objective will boost the growth of LED lighting in the country
Spain Automotive LED Lighting Industry Overview
The Spain Automotive LED Lighting Market is fragmented, with the top five companies occupying 22.12%. The major players in this market are GRUPO ANTOLIN IRAUSA, S.A., HELLA GmbH & Co. KGaA (FORVIA), Marelli Holdings Co., Ltd., OSRAM GmbH. and Stanley Electric Co., Ltd. (sorted alphabetically).
Spain Automotive LED Lighting Market Leaders
GRUPO ANTOLIN IRAUSA, S.A.
HELLA GmbH & Co. KGaA (FORVIA)
Marelli Holdings Co., Ltd.
OSRAM GmbH.
Stanley Electric Co., Ltd.
Other important companies include KOITO MANUFACTURING CO., LTD., Uno Minda Limited.
*Disclaimer: Major Players sorted in alphabetical order.
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Spain 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.
Spain 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 Spain
- 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 GRUPO ANTOLIN IRAUSA, S.A.
- 6.4.2 HELLA GmbH & Co. KGaA (FORVIA)
- 6.4.3 KOITO MANUFACTURING CO., LTD.
- 6.4.4 Marelli Holdings Co., Ltd.
- 6.4.5 OSRAM GmbH.
- 6.4.6 Stanley Electric Co., Ltd.
- 6.4.7 Uno Minda Limited
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, SPAIN, 2017 - 2030
- Figure 2:
- HUMAN POPULATION IN MILLION, NUMBERS, SPAIN, 2017 - 2030
- Figure 3:
- PER CAPITA INCOME, USD, SPAIN, 2017 - 2030
- Figure 4:
- INTEREST RATE FOR AUTO LOANS, %, SPAIN, 2017 - 2022
- Figure 5:
- COUNT OF CHARGING STATIONS, NUMBER, SPAIN, 2017 - 2030
- Figure 6:
- COUNT OF AUTOMOBILES ON-ROAD IN MILLION, NUMBERS, SPAIN, 2017 - 2030
- Figure 7:
- VALUE OF LED IMPORTS, USD MILLION, SPAIN, 2017 - 2030
- Figure 8:
- COUNT OF HOUSEHOLDS, MILLION, SPAIN, 2017 - 2030
- Figure 9:
- LENGTH OF ROAD NETWORKS, KM, SPAIN, 2017 - 2030
- Figure 10:
- LED PENETRATION, %, SPAIN, 2017 - 2030
- Figure 11:
- VOLUME SALES OF SPAIN AUTOMOTIVE LED LIGHTING MARKET, NUMBER, SPAIN, 2017 - 2030
- Figure 12:
- VALUE SALES OF SPAIN AUTOMOTIVE LED LIGHTING MARKET, USD, SPAIN, 2017 - 2030
- Figure 13:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, NUMBER, SPAIN, 2017 - 2030
- Figure 14:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, USD, SPAIN, 2017 - 2030
- Figure 15:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, SPAIN, 2017 - 2030
- Figure 16:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE UTILITY LIGHTING, %, SPAIN, 2017 - 2030
- Figure 17:
- VOLUME SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), NUMBER, SPAIN, 2017 - 2030
- Figure 18:
- VALUE SALES OF LED FIXTURES IN DAYTIME RUNNING LIGHTS (DRL), USD, SPAIN, 2017 - 2030
- Figure 19:
- VALUE SHARE OF DAYTIME RUNNING LIGHTS (DRL) BY AUTOMOTIVE UTILITY LIGHTING, %, SPAIN, 2022 VS 2030
- Figure 20:
- VOLUME SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, NUMBER, SPAIN, 2017 - 2030
- Figure 21:
- VALUE SALES OF LED FIXTURES IN DIRECTIONAL SIGNAL LIGHTS, USD, SPAIN, 2017 - 2030
- Figure 22:
- VALUE SHARE OF DIRECTIONAL SIGNAL LIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, SPAIN, 2022 VS 2030
- Figure 23:
- VOLUME SALES OF LED FIXTURES IN HEADLIGHTS, NUMBER, SPAIN, 2017 - 2030
- Figure 24:
- VALUE SALES OF LED FIXTURES IN HEADLIGHTS, USD, SPAIN, 2017 - 2030
- Figure 25:
- VALUE SHARE OF HEADLIGHTS BY AUTOMOTIVE UTILITY LIGHTING, %, SPAIN, 2022 VS 2030
- Figure 26:
- VOLUME SALES OF LED FIXTURES IN REVERSE LIGHT, NUMBER, SPAIN, 2017 - 2030
- Figure 27:
- VALUE SALES OF LED FIXTURES IN REVERSE LIGHT, USD, SPAIN, 2017 - 2030
- Figure 28:
- VALUE SHARE OF REVERSE LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, SPAIN, 2022 VS 2030
- Figure 29:
- VOLUME SALES OF LED FIXTURES IN STOP LIGHT, NUMBER, SPAIN, 2017 - 2030
- Figure 30:
- VALUE SALES OF LED FIXTURES IN STOP LIGHT, USD, SPAIN, 2017 - 2030
- Figure 31:
- VALUE SHARE OF STOP LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, SPAIN, 2022 VS 2030
- Figure 32:
- VOLUME SALES OF LED FIXTURES IN TAIL LIGHT, NUMBER, SPAIN, 2017 - 2030
- Figure 33:
- VALUE SALES OF LED FIXTURES IN TAIL LIGHT, USD, SPAIN, 2017 - 2030
- Figure 34:
- VALUE SHARE OF TAIL LIGHT BY AUTOMOTIVE UTILITY LIGHTING, %, SPAIN, 2022 VS 2030
- Figure 35:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, SPAIN, 2017 - 2030
- Figure 36:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, SPAIN, 2017 - 2030
- Figure 37:
- VALUE SHARE OF OTHERS BY AUTOMOTIVE UTILITY LIGHTING, %, SPAIN, 2022 VS 2030
- Figure 38:
- VOLUME SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, NUMBER, SPAIN, 2017 - 2030
- Figure 39:
- VALUE SALES OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, USD, SPAIN, 2017 - 2030
- Figure 40:
- VALUE SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, SPAIN, 2017 - 2030
- Figure 41:
- VOLUME SHARE OF LED FIXTURES BY AUTOMOTIVE VEHICLE LIGHTING, %, SPAIN, 2017 - 2030
- Figure 42:
- VOLUME SALES OF LED FIXTURES IN 2 WHEELERS, NUMBER, SPAIN, 2017 - 2030
- Figure 43:
- VALUE SALES OF LED FIXTURES IN 2 WHEELERS, USD, SPAIN, 2017 - 2030
- Figure 44:
- VOLUME SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, NUMBER, SPAIN, 2017 - 2030
- Figure 45:
- VALUE SALES OF LED FIXTURES IN COMMERCIAL VEHICLES, USD, SPAIN, 2017 - 2030
- Figure 46:
- VOLUME SALES OF LED FIXTURES IN PASSENGER CARS, NUMBER, SPAIN, 2017 - 2030
- Figure 47:
- VALUE SALES OF LED FIXTURES IN PASSENGER CARS, USD, SPAIN, 2017 - 2030
- Figure 48:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SPAIN, 2017 - 2030
- Figure 49:
- MOST ADOPTED STRATEGIES, COUNT, SPAIN, 2017 - 2030
- Figure 50:
- VALUE SHARE OF MAJOR PLAYERS, %, SPAIN, 2022
Spain 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 2022, headlights accounted for the majority of the share, followed by others, directional signal lights, stop lights, taillights, and daytime running lights. The market share is expected to remain the same for headlights, directional signal lights (DSLs), daytime running lights (DRLs), reversing lights, taillights, and stop lights during the forecast period, with a small reduction in other kind types. With the rising accident trend, the penetration rate of LED lamps is anticipated to rise. In 2022, 833 people died in traffic accidents, 73% of the total, with 312 deaths occurring on dual carriageways and highways, or 27% of the total. Out of every four fatalities, three happened on regular roads, and one happened on a highway or dual carriageway. Road accidents, which made up 42% of all fatal incidents, caused close to half of all fatalities. When compared to 2019, the number of fatalities in this kind of accident increased by 13% in 2022.
- In terms of expansion and innovations, Spain is one of the most significant auto-producing nations in the world. The total vehicle production increased from 2.09 million in 2021 up to 2.22 million in 2022. The increase in domestic vehicle production resulted in an increase in the requirement for LED Lights.
- The key automotive manufacturers in the market are focusing on expanding electric vehicles in the market. In June 2023, Tesla plans to build a new EV plant in Spain with an investment of around EUR 4.5 billion (USD 4.84 billion), as Spain is Europe's second-largest car producer. Thus, the growth in NEVs would increase the penetration of automotive LEDs in 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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