Global Automotive LED Market Size Analysis, 2018-2028

REPORT ID: BKR710 Domain: Automotive Published Date: May 2018

 

 

Global Automotive LED Lighting Market Size Analysis

The Global Automotive LED Lighting Market Size is estimated to be valued over USD 2.8 billion in 2018 and will register a CAGR of 7.9% to create high revenue opportunity for industry players during the forecast period (2018-2028).

Over the last few years, the competition in the industry has heightened with the emergence of new players. Still, it is far below the maturity curve level and as such, companies are emphasizing on strengthening their distribution channels rather than adopting pricing based strategies. The global automotive LED lighting market is slowly shifting towards high power LED with increased demand for green vehicles

Global Automotive LED Lighting Market Drivers and Challenges

Automotive LED lighting market size is driven by various factors with most prominent is increased sales of automobiles in developing regions. Demand will further increase owing to changing consumer perception and companies emphasizing on offering different variants of model to stay competitive worldwide. As such, the trend will help in overall sales of light emitting diode in cars.

LED not only offer better design flexibility but also has higher night bandwidth compared to other types of lighting including xenon. In addition to these, government initiatives towards sustainable growth has led to higher sales of LED across wide range of industry verticals. For instance, in 2011, EU has mandated for daytime running lights (DRL).

It is expected that LED will have higher traction with decreasing production cost and reaching value nearby to conventional solutions. Whole value chain will be benefitted post 2020 leading to higher aftermarket market sales by 2020. Upstream sector is likely to be consolidated with top 10 players accounting for majority of the market share by 2022. OEM-Integration will further led to concentration of profitability margin during the forecast period.

Global Automotive LED Lighting Market Analysis, By Application

On the basis of application, global the industry value is segmented into interior applications and exterior applications. Interior LED lighting market is further analyzed across backlighting, illumination and indication purpose lighting.

Exterior LED lighting market dominates the global share and is segmented across headlamp, DRL, side lights, turning lights, tail light, break light and center high mounted stop lamps (CHMSL). CHMSL has seen highest penetration of LED. In 2017, exterior LED lighting accounted for over 77% of overall value.

Global Automotive LED Lighting Market Analysis, By Capacity

On the basis of capacity type, global Automotive LED Lighting market size is segmented into low powered and high powered LED.

Growth in the industry will be led by increasing demand for high powered LED lighting. The segment valuation will increase by over 1,000 basis points between 2017 and 2028.

Global Automotive LED Lighting Market Analysis, By Vehicle Type

On the basis of vehicle type, global Automotive LED Lighting market outlook is analyzed across light weight vehicles and heavy duty vehicles. Light vehicles is further analyzed across compact cars, luxury cars, SUVs and other related vehicles. Heavy duty vehicle is further analyzed across buses, and trucks.

Global Automotive LED Lighting Market Analysis, By Distribution Channels

By distribution channels, the global Automotive LED Lightings market value is segmented into OEM and aftermarket. OEM will continue to dominate the sales throughout the forecast period.

Global Automotive LED Lighting Market Size and Forecast: Regional Analysis

Globally, Asia Pacific will create highest revenue opportunity for industry players with much of the sales generating form China. As per the estimates, China will account for over 39% of regional sales followed by India in 2018. Well established distribution channel presence along with high sales of automobiles will bolster the overall growth during the forecast period.

Western Europe will trail behind Asia Pacific. North America and Western Europe will collectively account for over 46% of global automotive LED lighting market value by 2028. Increasing sales of electric vehicles in the region will fuel the overall demand for LED lighting.

Global Automotive LED Lighting Market Size and Forecast: Competition Landscape

Global automotive LED lighting market will register impressive growth leading to higher profitability margins for all players across value chain. Integrated value chain could help lower the operational cost and thus help players to generate higher ROI.

Product development will be a key driving factor in overall positioning of the manufacturers. Manufacturers are focusing on integrating the LED lighting with electronic sensors to offer customized solutions to end-users. Some of the key global LED lighting market players are

Automotive LED Lighting Market Industry Segmentation

By Capacity:

  • Low Powered
  • High Powered

By Application:

  • Interior LED Lighting
    • Backlighting
    • Illumination
    • Indication Purpose Lighting
  • Exterior LED Lighting
    • Headlamp
    • DRL
    • Side lights
    • Turning lights
    • Tail lights
    • Break light
    • Center high mounted stop lamps (CHMSL).

By Vehicle Type:

  • Light Weight Vehicles
    • Cars
      • Luxury cars
      • SUVs
    • Other related vehicles
  • Heavy Duty Vehicles
    • Buses
    • Trucks

By Distribution Channel:

  • Trucks
  • Buses

What Will You Discover in the Report?

  • An in-depth analysis of the Automotive LED Lighting market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Automotive LED Lighting market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Automotive LED Lighting market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Automotive LED Lighting industry during the forecast period
  • Who are the Automotive LED Lighting industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Automotive LED Lighting Industry Suppliers
  • Automotive LED Lighting Industry Manufacturers
  • Consultants and Analysts
  • Researchers
  • Industry Specialists

Analyst access with Bekryl Market Analysts

Purchasing of Automotive LED Lightings market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Automotive LED Lighting Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Automotive LED Lighting Market Value
    • Overall Market Forecast
    • Automotive LED Lighting Growth Outlook, By Segments
    • Automotive LED Lighting Growth Scenario, by Region
  6. The Automotive LED Lighting Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain and Distribution Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
  7. The Automotive LED Lighting Industry Dynamics
    • Drivers
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Regulatory Compliances, By Selected Countries
    • Key Industry Developments
  8. The Automotive LED Lighting Market Pricing Analysis
    • Automotive LED Lighting Product Pricing Forecast
    • Pricing Analysis By Region
    • Pricing Trends
  9. Global Automotive LED Lighting Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Automotive LED Lighting Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Automotive LED Lighting Market Size and Forecast, (2017-2027)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Automotive LED Lighting Industry Size and Forecast, By Segments
    • By Vehicle Type
      • Hybrid Electric Vehicle
        • Parallel Hybrid Electric Vehicle
        • Series Hybrid Electric Vehicle
        • Series Parallel HEV
      • Battery Electric Vehicles
    • By Ownership
      • Government Transport Systems
      • Private Transport Owners
  1. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Automotive LED Lighting Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Automotive LED Lighting Market, By Segments (As mentioned in section 10 of TOC)
    • S. Automotive LED Lighting Market Size and Forecast, By Segments
    • Canada Automotive LED Lighting Market Size and Forecast, By Segments
  2. Latin America Automotive LED Lighting Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Automotive LED Lighting Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Automotive LED Lighting Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Automotive LED Lighting Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Automotive LED Lighting industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Automotive LED Lighting Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Automotive LED Lighting Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Automotive LED Lighting Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Automotive LED Lighting Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Automotive LED Lighting industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Automotive LED Lighting Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Automotive LED Lighting Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Automotive LED Lighting Market, By Segments (As mentioned in section 10 of Automotive LED Lighting Market TOC)
    • Russia Automotive LED Lighting Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Automotive LED Lighting industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Automotive LED Lighting Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Automotive LED Lighting Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Automotive LED Lighting Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Automotive LED Lighting Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Automotive LED Lighting industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Automotive LED Lighting Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Automotive LED Lighting Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Automotive LED Lighting Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Automotive LED Lighting Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Automotive LED Lighting industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Automotive LED Lighting Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Automotive LED Lighting Industry Size and Forecast, (2017-2027)
    • Africa Automotive LED Lighting Industry Share (%)
    • Africa Automotive LED Lighting Industry Growth Forecast (%)
    • South Africa Automotive LED Lighting Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Automotive LED Lighting industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Automotive LED Lighting Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • BYD Company Limited
      • AB Volvo
      • Proterra, Inc.
      • Yutong
      • Daimler AG
      • Zhongtong Bus & Holding Co., Ltd
      • Solaris Bus & Coach S.A.
      • Ashok Leyland, Ltd.
      • Alexander Dennis Limited
      • EBUSCO
      • Shenzhen Wuzhoulong Motors Co., Ltd
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Automotive LED Lighting industry TOC and sample research pages, download sample.

Automotive LED Lighting Market Report Structure

Automotive LED Lighting Industry Dynamics

This section enables Automotive LED Lighting industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Automotive LED Lighting market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Automotive LED Lighting industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Automotive LED Lighting Industry Trends
  • Automotive LED Lighting Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Automotive LED Lighting Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Automotive LED Lighting industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Automotive LED Lighting industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

 

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Automotive LED Lighting market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Automotive LED Lighting Market Size

  • S.
  • Canada

Latin America Automotive LED Lighting Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Automotive LED Lighting Market value analyzed across each Latin America country)

Western Europe Automotive LED Lighting Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Automotive LED Lighting Market value analyzed across each Western Europe country)

Central and Eastern Europe Automotive LED Lighting Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Automotive LED Lighting Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Automotive LED Lighting Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Automotive LED Lighting Market value analyzed across each Asia Pacific country)

Middle East Automotive LED Lighting Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Automotive LED Lighting Market value analyzed across each Middle East country)

Africa Automotive LED Lighting Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Automotive LED Lighting Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Automotive LED Lighting Market Growth Forecasting Methodology

In order to prepare historical data and analyze Automotive LED Lighting market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Automotive LED Lighting market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Automotive LED Lighting market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Automotive LED Lighting industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Automotive LED Lighting Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

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