Light emitting diode (LED) is a semiconductor that releases light energy when activated. LED lights, when compared to halogen or xenon lights, are more efficient, durable, power-efficient and ambient oriented lights. The first five-year Automotive Led Lighting Market (2017-2021) cumulative revenue is projected to be US$ 22.3 Bn, and is expected to increase significantly to US$ 36.7 Bn, over the latter part of the five-year forecast period (2022-2026).

Global Automotive LED Lighting Market: Segmental Snapshot

By application: The exterior segment is estimated to register a CAGR of over 10%, thereby accounting for highest revenue share among the application segments, over the forecast period.

By sales channel: The original equipment manufacturer (OEM) segment is estimated to account for highest revenue share among the sales channel segments, and is expected to register a CAGR of over 10% over the forecast period.

By vehicle type: The passenger cars segment is estimated to account for highest revenue share among the vehicle type segments, and is expected to register highest CAGR during next 10 years.

By region: The market in Asia Pacific accounted for highest revenue share in the global automotive LED lighting market in 2016, and is expected to record highest CAGR between 2017 and 2026.

The research report on the global automotive LED lighting market includes profiles of major companies such as HELLA GmbH & Co. KGaA, Magneti Marelli S.p.A., Valeo SA., Koito Manufacturing Co. Ltd., Lumberg Holding GmbH & Co. KG, Stanley Electric Co., Ltd., Philips Lighting NV, Osram Licht AG, Toyoda Gosei Co., Ltd., and Neolite ZKW Lightings Pvt. Ltd.

Source of Infographics: Automotive Led Lighting Market By MarketResearch