The global automotive LED market is anticipated to grow at a CAGR of 7.3% during the forecast period (2023-2030). Rapidly growing advancements in laser automotive lighting is the key factor propelling the market growth around the globe. Laser light is an absolute innovation in automotive lighting and the next big step forward since the introduction of halogen, xenon, and LED headlight technologies. These are significantly smaller and more energy-saving compared to normal and basic LED lights. At a size of just a few thousandths of a millimeter, laser lights create almost a beam of light current. Thus, owing to such rising demand owing to its advantages, the market manufacturers are increasingly developing laser-based automotive LED lights to cater to the demand and stay competitive in the market.
Browse the full report description of “Automotive Light Emitting Diode (LED) Market Size, Share & Trends Analysis Report Market by Vehicle Type (Passenger Vehicle, and Commercial Vehicle), by Position (Front, Rear, Side, and Interior), and by Propulsion Type (Internal Combustion Engine (ICE), Electric, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/automotive-led-market
For instance, in July 2019, OSRAM Continental launched a smart digital HD Headlamp System Powerful laser LED headlight system with more than 4,000 individually controllable pixels each. The new product is compact with efficient digital design which reduces complexity and saves installation space. Further, it is equipped with more safety smart HD system. The SMARTRIX-HD system developed by OSRAM Continental consists of EVIYOS LEDs and appropriate control electronics integrated onto a single printed circuit board (PCB). Similarly, in January 2021, HELLA brought adaptive matrix LED headlamps into series production for the first time for the BMW Group. For the premium equipment, HELLA has also integrated a laser light source for the glare-free high beam function in the new BMW 5 Series. For the premium variant with laser light, HELLA has integrated a dynamic laser into the headlamp in addition to the LED matrix module
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Vehicle Type
o By Technology
o By Position
o by Propulsion Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Stanley Electric Co., Ltd., NXP Semiconductors, Koito Manufacturing Co., HELLA GmbH & Co. KGaA Ltd., and Grupo Antolin Irausa, S.A among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Automotive LED Market Report Segment
By Vehicle Type
By Technology
By Position
By Propulsion Type
Global Automotive LED Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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