Automotive LED Lighting Market by Type, Application, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 168
  • SKU: IRTNTR45920

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Automotive LED Lighting market growth will increase by $2005.77 million during 2023-2027.
The automotive led lighting market is expected to grow at a CAGR of 4.45% during 2023-2027.
Technavio has segmented the automotive led lighting market by type (Exterior and Interior) ,application (Passenger cars and Commercial vehicles) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
Changzhou Xingyu Automotive Lighting System Co. Ltd., Everlight Electronics Co. Ltd., HELLA GmbH and Co. KGaA, Hyundai Mobis Co. Ltd, Koito Manufacturing Co. Ltd, Koninklijke Philips NV, LG Electronics Inc., Lumax Industries Ltd., Lumileds Holding BV, Marelli Holdings Co Ltd, Nichia Corp, OSRAM GmbH, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SL Corp., Stanley Electric Co. Ltd., Tungsram Operations Kft., Valeo SA, Varroc Lighting, Zumtobel Group AG are a few of the key vendors in the automotive led lighting market.
APAC will register the highest growth rate of 58.73% among the other regions. Therefore, the automotive led lighting market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Japan
  • South Korea
  • Germany
The key factors driving the automotive led lighting market growth are:
  • Use of LEDs in automotive intelligent lighting system applications
  • Development of hybrid LED headlights
The automotive led lighting market vendors should focus on grabbing business opportunities from the Exterior segment as it accounted for the largest market share in the base year.
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