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

Published: Dec 2022 Pages: 168 SKU: IRTNTR45920

Automotive LED Lighting Market Forecast 2023-2027

The automotive LED lighting market size is forecast to increase by USD 2.00 billion at a CAGR of 4.45% between 2022 and 2027. Market expansion relies on various factors, notably the integration of LEDs in automotive intelligent systems, catering to advanced functionalities and safety features. Additionally, the surging trend of ambient lighting in automobiles enhances the aesthetic appeal and interior ambiance, driving consumer preference. Moreover, the adoption of energy-efficient solutions in vehicles aligns with sustainability goals, prompting manufacturers to integrate eco-friendly technologies. These factors collectively propel the growth trajectory of the market, fostering innovation and market competitiveness.  Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Market During the Forecast Period?

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Market Segmentation

This report extensively covers market segmentation by type (exterior and interior), application (passenger cars and commercial vehicles), and geography (APAC, Europe, North America, South America, and Middle East and Africa). 

By Type

The market share growth by the exterior segment will be significant during the forecast period. The exterior lighting segment includes LED lighting applications for the front, rear, side, and top portions of vehicles. The common application areas include headlights, position lamps, fog lights, DRLs, turn signals, taillights, side mirror lamps, center high-mount stop lights (CHMSLs), license plate lamps, and reflectors. 

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The exterior segment was valued at USD 4.92 billion in 2017. The rising demand for energy-efficient lighting solutions has shifted the focus of LED exterior lighting companies away from traditional applications such as turn signals and taillights. Modern vehicles are increasingly adopting for applications such as headlights and DRLs. The increasing demand for LED lighting and rapid technological advances are allowing companies in the market to lower production costs, which is fueling the growth of the market. Hence, the exterior lighting segment is the highest revenue contributor to the market in focus.

By Region

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APAC is estimated to contribute 59% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC dominates the global automotive production industry due to the presence of countries that are among the largest automotive producers globally. The demand in APAC is expected to outpace the demand in developed regions, such as North America and Europe, during the forecast period. This is mainly attributed to the growing demand for safety and convenience features in modern vehicles by end-users from emerging markets in the region. Furthermore, the shift in consumers' preference from fuel efficiency to aesthetics and advanced features is also expected to drive the adoption of LED solutions in APAC during the forecast period.

Moreover, the significant investments being made in infrastructure and industrialization are creating significant demand for passenger and commercial vehicles in APAC. It is expected that India, China, Japan, and Indonesia will account for a significant number of new vehicle purchases, with high electronic content, during the forecast period. This would fuel the need for LED in these countries in the coming years. Hence, these factors will fuel the regional market during the forecast period. 

Market Dynamics and Customer Landscape

The market experiences significant growth due to technological advancements meeting consumer preferences and safety concerns. From luxury vehicles to buses and freight trucks, LEDs, including halogen, xenon/HID, and advanced materials like indium gallium nitride and aluminum gallium indium phosphide, illuminate the road ahead. Compliance with lighting regulations by bodies like the Economic Commission for Europe (ECE) ensures safety, reducing collisions and fatal crashes. Despite the high cost, fleet managers prioritize LED projector headlights for their vehicles, ensuring optimal visibility and safety for car users, including those in robo taxis. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The growing popularity of ambient lighting in automobiles is notably driving market growth. To enhance the appearance of cabins at night ambient lighting is used. This lighting uses light pipes, light rings, LED pin spotlights, and diffuser lenses that are integrated into the vehicle's console, door panels, instrument panels, and seat frames. LEDs are used for ambient lighting in cabins owing to their small size and lower energy consumption. 

Furthermore, automotive OEMs have been increasing the number of light sources to make vehicles look premium. However, bright lights in automotive cabins can distract drivers, and therefore, the luminance value of cabin lighting is maintained below 0.1 cd/m square. Automotive OEMs such as Audi are continuing research on ambient lighting to determine optimum colors and brightness levels. The ambient lighting improves comfort as it illuminates necessary functions in the dark. Moreover, drivers and passengers can control the intensity and color of ambient lighting. Thus, such factors will boost the market during the forecast period.

Significant Market Trend

The growing adoption of adaptive lighting systems is an emerging trend in the market. Adaptive lighting systems augment the distribution of light according to the driving circumstances. These systems are also being adopted in vehicles owing to their additional safety and comfort features. They are used in both the front and rear lighting of vehicles. LED technology is becoming a crucial enabler for the efficient and reliable operation of these systems when compared with other technologies. Hence, the popularity of these adaptive systems is a positive trend for the growth of the market in focus.

Furthermore, developments by prominent companies are enabling automotive OEMs to offer adaptive lighting systems. For instance, in 2022, Porsche, a subsidiary of Volkswagen AG, showcased new HD matrix LED headlight technology. The innovative headlight technology offers functions that include low and high beams, glare-free high beam, adaptive highway high beam, dynamic safety zone, and sign glare reduction. Hence, such factors will fuel the market growth during the forecast period. 

Major Market Challenge

Rising prices of raw materials are major challenges impeding market growth. Aluminum, copper, polyvinyl chloride (PVC), and paper are some of the raw materials used in automotive LEDs. Prices of these materials have been experiencing an upward trend in recent years. Furthermore, the rising price of crude oil is increasing the price of PVC. 

Since the prices of the raw materials are subject to fluctuations, manufacturers find it difficult to maintain stock, which increases the operational cost. The high prices of raw materials increase the price of LED lights when compared with other types of automotive lighting. This acts as a crucial challenge for the growth of the global market. Furthermore, innovations in these systems and efficient design changes are of prime importance for manufacturers. Therefore, these factors will hinder the market growth during the forecast period.

Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Lumax Industries Ltd. -The company is involved in manufacturing a wide range of automotive components and systems in India, supplying to all segments of the market, such as OEMs, aftermarkets, and exports.  The key offerings of the company include automotive LED lighting solutions. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

  • Everlight Electronics Co. Ltd.
  • HELLA GmbH and Co. KGaA
  • Hyundai Mobis Co. Ltd
  • Koito Manufacturing Co. Ltd
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • 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.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

  • Type Outlook
    • Exterior
    • Interior
  • Application Outlook
    • Passenger cars
    • Commercial vehicles
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Market Analyst Overview

The market experiences a surge in demand driven by sophisticated safety measures and a focus on on-road safety. With the adoption of advanced technologies like OLED, Matrix LEDs, and laser lighting, manufacturers enhance visibility and reduce traffic accidents. Features such as daytime running lights (DRLs) and glare-free lighting systems contribute to a notable reduction in fatal crashes. Premium innovations like Premium Adaptive Driving Beam (ADB) technology ensure durability, reliability, and operational efficiency, bolstering profit margins.

Furthermore, as the market evolves to accommodate automotive vehicles and electric vehicles, the emphasis remains on road safety and energy efficiency through LED technology. Further, In the market, the focus is on energy efficiency and reducing CO2 emissions with high-power efficiency solutions for economy vehicles. Turning lights, parking lights, and brake lights are adopting advanced technology and electronic systems to enhance functionality. While LED lights offer benefits, mitigating driver distraction remains essential, with attention on managing the cost of these innovative lighting solutions.

Market Scope

Report Coverage

Details

Page number

168

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.45%

Market growth 2023-2027

USD 2.00 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.15

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 59%

Key countries

US, China, Japan, South Korea, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

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, and Zumtobel Group AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive LED lighting market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global automotive LED lighting market 2017 - 2021 ($ million)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Exterior - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Exterior - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Exterior - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Exterior - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Exterior - Year-over-year growth 2022-2027 (%)
    • 6.4 Interior - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Interior - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Interior - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Interior - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Interior - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 43: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 45: Chart on Comparison by Application
      • Exhibit 46: Data Table on Comparison by Application
    • 7.3 Passenger cars - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
    • 7.4 Commercial vehicles - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 55: Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 South Korea - Market size and forecast 2022-2027
      • Exhibit 97: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 Changzhou Xingyu Automotive Lighting System Co. Ltd.
              • Exhibit 108: Changzhou Xingyu Automotive Lighting System Co. Ltd. - Overview
              • Exhibit 109: Changzhou Xingyu Automotive Lighting System Co. Ltd. - Product / Service
              • Exhibit 110: Changzhou Xingyu Automotive Lighting System Co. Ltd. - Key offerings
            • 12.4 Everlight Electronics Co. Ltd.
              • Exhibit 111: Everlight Electronics Co. Ltd. - Overview
              • Exhibit 112: Everlight Electronics Co. Ltd. - Business segments
              • Exhibit 113: Everlight Electronics Co. Ltd. - Key news
              • Exhibit 114: Everlight Electronics Co. Ltd. - Key offerings
              • Exhibit 115: Everlight Electronics Co. Ltd. - Segment focus
            • 12.5 HELLA GmbH and Co. KGaA
              • Exhibit 116: HELLA GmbH and Co. KGaA - Overview
              • Exhibit 117: HELLA GmbH and Co. KGaA - Business segments
              • Exhibit 118: HELLA GmbH and Co. KGaA - Key news
              • Exhibit 119: HELLA GmbH and Co. KGaA - Key offerings
              • Exhibit 120: HELLA GmbH and Co. KGaA - Segment focus
            • 12.6 Hyundai Mobis Co. Ltd
              • Exhibit 121: Hyundai Mobis Co. Ltd - Overview
              • Exhibit 122: Hyundai Mobis Co. Ltd - Business segments
              • Exhibit 123: Hyundai Mobis Co. Ltd - Key news
              • Exhibit 124: Hyundai Mobis Co. Ltd - Key offerings
              • Exhibit 125: Hyundai Mobis Co. Ltd - Segment focus
            • 12.7 Koito Manufacturing Co. Ltd
              • Exhibit 126: Koito Manufacturing Co. Ltd - Overview
              • Exhibit 127: Koito Manufacturing Co. Ltd - Business segments
              • Exhibit 128: Koito Manufacturing Co. Ltd - Key offerings
              • Exhibit 129: Koito Manufacturing Co. Ltd - Segment focus
            • 12.8 Koninklijke Philips NV
              • Exhibit 130: Koninklijke Philips NV - Overview
              • Exhibit 131: Koninklijke Philips NV - Business segments
              • Exhibit 132: Koninklijke Philips NV - Key news
              • Exhibit 133: Koninklijke Philips NV - Key offerings
              • Exhibit 134: Koninklijke Philips NV - Segment focus
            • 12.9 LG Electronics Inc.
              • Exhibit 135: LG Electronics Inc. - Overview
              • Exhibit 136: LG Electronics Inc. - Business segments
              • Exhibit 137: LG Electronics Inc. - Key news
              • Exhibit 138: LG Electronics Inc. - Key offerings
              • Exhibit 139: LG Electronics Inc. - Segment focus
            • 12.10 Lumax Industries Ltd.
              • Exhibit 140: Lumax Industries Ltd. - Overview
              • Exhibit 141: Lumax Industries Ltd. - Product / Service
              • Exhibit 142: Lumax Industries Ltd. - Key offerings
            • 12.11 Lumileds Holding BV
              • Exhibit 143: Lumileds Holding BV - Overview
              • Exhibit 144: Lumileds Holding BV - Product / Service
              • Exhibit 145: Lumileds Holding BV - Key offerings
            • 12.12 Marelli Holdings Co Ltd
              • Exhibit 146: Marelli Holdings Co Ltd - Overview
              • Exhibit 147: Marelli Holdings Co Ltd - Product / Service
              • Exhibit 148: Marelli Holdings Co Ltd - Key news
              • Exhibit 149: Marelli Holdings Co Ltd - Key offerings
            • 12.13 OSRAM GmbH
              • Exhibit 150: OSRAM GmbH - Overview
              • Exhibit 151: OSRAM GmbH - Business segments
              • Exhibit 152: OSRAM GmbH - Key offerings
              • Exhibit 153: OSRAM GmbH - Segment focus
            • 12.14 Samsung Electronics Co. Ltd.
              • Exhibit 154: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 155: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 156: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 157: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 158: Samsung Electronics Co. Ltd. - Segment focus
            • 12.15 Stanley Electric Co. Ltd.
              • Exhibit 159: Stanley Electric Co. Ltd. - Overview
              • Exhibit 160: Stanley Electric Co. Ltd. - Business segments
              • Exhibit 161: Stanley Electric Co. Ltd. - Key offerings
              • Exhibit 162: Stanley Electric Co. Ltd. - Segment focus
            • 12.16 Valeo SA
              • Exhibit 163: Valeo SA - Overview
              • Exhibit 164: Valeo SA - Business segments
              • Exhibit 165: Valeo SA - Key offerings
              • Exhibit 166: Valeo SA - Segment focus
            • 12.17 Varroc Lighting
              • Exhibit 167: Varroc Lighting - Overview
              • Exhibit 168: Varroc Lighting - Product / Service
              • Exhibit 169: Varroc Lighting - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 170: Inclusions checklist
                • Exhibit 171: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 172: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 173: Research methodology
                • Exhibit 174: Validation techniques employed for market sizing
                • Exhibit 175: Information sources
              • 13.5 List of abbreviations
                • Exhibit 176: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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