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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Automotive LED Lighting market for 2018-2023.
The automotive lighting system of a motor vehicle consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. This lights the roadway for the driver and increases the conspicuity of the vehicle, allowing other drivers and pedestrians to see a vehicle's presence, position, size, direction of travel, and the driver's intentions regarding direction and speed of travel. Emergency vehicles usually carry distinctive lighting equipment to warn drivers and indicate priority of movement in traffic.
A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p-n junction diode, which emits light when activated. When a suitable voltage is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons. This effect is called electroluminescence, and the color of the light (corresponding to the energy of the photon) is determined by the energy band gap of the semiconductor.
Because of their long life, fast switching times, and their ability to be seen in broad daylight due to their high output and focus, LEDs have been used in brake lights for cars' high-mounted brake lights, and in turn signals for some time, but many vehicles now use LEDs for their rear light clusters. The use in brakes improves safety, due to a great reduction in the time needed to light fully, or faster rise time, up to 0.5 second faster than an incandescent bulb. This gives drivers behind more time to react. In a dual intensity circuit (rear markers and brakes) if the LEDs are not pulsed at a fast enough frequency, they can create a phantom array, where ghost images of the LED will appear if the eyes quickly scan across the array. White LED headlamps are starting to be used. Using LEDs has styling advantages because LEDs can form much thinner lights than incandescent lamps with parabolic reflectors.
In a word, Automotive LED lighting is the automotive lighting using LED.
With the maturity and development of technologies as well as users' higher requirements on comfort, safety and durable tire, the automotive LED lighting is becoming more and more popular. LEDs are being used with increasing frequency in automotive lamps. They offer very long service life, extreme vibration resistance, and can permit considerably shallower packaging compared to most bulb-type assemblies. LEDs also offer a potential safety benefit when employed in stop lights, because when power is applied they rise to full intensity approximately 250 milliseconds (¼ second) faster than incandescent bulbs. This fast rise time not only improves the intentional conspicuity of the stop lamp, but could also provide following drivers with increased time to react to the appearance of the stop lamps. However, this faster rise time has not been shown to make cars with LED stop lamps less likely to be struck from behind.
Recently auto makers have been adopting various LED lighting systems that can combine up-to-date functions with aesthetic factors. Although LED lamps that have been applied to high-end car models such as Audi and BMW so far, they are rapidly making inroads into lower-end models as well. Especially, as DRLs (Daytime Running Lights) are made compulsory in Europe from 2011, the automotive LED market is growing rapidly.
As LEDs made an entry into the biggest headlamp market in 2007, LEDs are expected to be used in place of incumbent lighting systems. Although LED headlamps are currently used in high-end car models, they will be increasingly adopted in lower-end models as well with increasing efficiency and decreasing prices of LEDs.
Over the next five years, LPI(LP Information) projects that Automotive LED Lighting will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive LED Lighting market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Exterior Lighting
- Interior Lighting
Segmentation by application:
- Passenger Car
- Commercial Vehicle
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- Magneti Marelli
- ZKW Group
- SL Corporation
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Automotive LED Lighting consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Automotive LED Lighting market by identifying its various subsegments.
- Focuses on the key global Automotive LED Lighting manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Automotive LED Lighting with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Automotive LED Lighting submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.