Key Insights: Global Automotive Exterior LED Lighting Market
Automotive Exterior LED Lighting Applications Surpass Headlamps to Light up the Diverse Automotive Lighting Range
The demand for automotive exterior LED lighting systems has been constantly proliferating in rear and front lighting functions of vehicles. Today, advanced headlamps and tail lights, fog lights, DRLs (daytime running lights), turn indicators, signal lamps, CHMSLs (center high mount stop lights), parking lights, and number plate lights in modern vehicles majorly reply on the automotive exterior LED lighting technology. However, headlamps will remain a significant revenue shareholder in the automotive exterior LED lighting market through the foreseeable future.
Automakers Extend Efforts to Attain the ‘Lighting Brand Image’ with Adoption of Automotive Exterior LED Lighting Systems
Vehicle owners are increasingly inclining towards automotive exterior LED lighting for enhanced driver safety and pedestrian security. Automakers on the other side are triggering a brisk shift to automotive exterior LED lighting systems in an effort to explore infinite design opportunities and achieve the model/brand distinction in terms of lighting. A majority of leading LED producers and lighting technology innovators have also stepped into the game of automotive applications, as the profit margin is relatively higher.
Automotive Exterior Lighting Market Projected for Faster Penetration, As LED Prices Drop
Falling prices of high power LED is substantially impacting the lighting technology space, especially automotive exterior LED lighting market. Reduced LED prices are presumed to straightaway translate into improved automotive exterior LED lighting market penetration over the next few years. Chinese market for automotive exterior LED lighting is especially expected to reap the advantages of dramatically curtailed prices of high beam/low beam LED, which have been announced of late.
Regulatory Bodies Compel Key Players to Adhere to Automotive Exterior LED Lighting Norms
In the backdrop of escalating significance of vehicular safety and vehicle emission control, government and industry authoritative bodies have established a set of stringent regulatory standards. While a majority of structural automotive changes such as electrification, engine downsizing, overall vehicular weight reduction, carbon footprint regulation, driver safety mechanism, and enhanced connectivity have been driven to be in practices by the regulatory norms, leading companies are also focusing on the automotive lighting part. Key stakeholders in the automotive exterior LED lighting market are directing their R&D efforts to meet specific norms set by the authorities such as United Nations Economic Commission for Europe (ECE), The US Department of Transport (DOT), the Society of Automotive Engineering (SAE), and others operating regionally.
Competitive Landscape Analysis: Global Automotive Exterior Lighting Market
The automotive lighting industry has been observing significantly growing interest of a number of players in high performance and superior design capabilities of automotive exterior LED lighting systems. This trend is expected to empower the automotive exterior LED lighting market supply chain with new companies that have exclusive expertise in the various aspects of automotive exterior LED lighting technology.
Philips, through the Vision LED series, became the first company to introduce the street-legal automotive exterior LED lighting system. While this automotive exterior LED lighting is supposedly the direct replacement for conventional incandescent bulbs, it is prominently designed for headlights with a high ambient and safety quotient. Audi, one of the leading innovators in the automotive lighting technology and design space, has recently extended the R&D repertoire to include Matrix LED and OLED lighting systems. Koito Manufacturing Co. Ltd. recently developed the LED Compact Bi-function that includes one LED light source switching intermittently between low beam and high beam. Valeo SA offers a complete range of intelligent automotive exterior LED lighting architecture that also covers cameras, control units, sensors, and embedded software, besides headlamps.
Apart from the aforementioned companies, this report on the global automotive exterior LED lighting market provides strategic insights on other leading participants in the automotive exterior LED lighting market landscape. Some of the profiled players include Osram Licht AG, Koninklijke Philips N.V, Hella KGaA Hueck & Co, Magneti Marelli S.p.A., Stanley Electric Co. Ltd, Texas Instruments Incorporated, Zizala Lichtsysteme GmbH, Lumax Industries Ltd, Changzhou Xingyu Automotive Lighting Systems Co., Ltd., and Imasen Electric Industrial Co., Ltd.
With an objective to provide light based assistance to drivers, Osram has proposed a conceptual futuristic automotive exterior LED lighting system - Oslon Boost HX. This revolutionary lighting system is supposed to perform the function similar to that of a projector, and would help drivers negotiate the road works, on-road hazards, or icy patches with more safety. The single LED used in this system is claimed to deliver more than 1,400lm, which would help the company become the first innovator to efficiently break in to the growing trend of special user experience. On the other hand, Osram Opto Semiconductors has introduced Infrared (IR) LEDs, i.e. IREDs to their automotive exterior LED lighting portfolio. Typical exterior applications are likely to include pedestrian detection, even night vision, and lane departure detection.
About the Report on Global Automotive Exterior LED Lighting Market
The global automotive exterior LED lighting market report thoroughly evaluates the current and prospective scenario of the global market for automotive exterior LED lighting, considering 2017-2022 as the assessment period. Although the automotive exterior LED lighting market has been projected to see poor overall growth over the next few years, the global revenue is likely to exceed the value of US$ 1.2 Bn towards the end of 2022.
The global automotive exterior LED lighting market is foreseen to expand at a sluggish pace in the near future. Fact.MR, in a newly published study on the global automotive exterior LED lighting market, offers an extensive range of insights on the global scenario of the market for automotive exterior LED lighting. The report highlights that surging demand for automotive exterior LED lighting in compact passenger vehicles and dropping LED prices may push the white space opportunities for automotive exterior LED lighting manufacturers in years ahead – in terms of technological innovation and R&D of modern automotive exterior LED lightings.
Fact.MR’s research intelligence outlook on the global automotive exterior LED lighting market begins with an executive summary, followed by the automotive exterior LED lighting market introduction and definition, key dynamics and opportunity assessment, insights on taxonomy categorizing the automotive exterior LED lighting market, and the competition tracking and analysis between 2017 and 2022.
Chapter 1: Executive Summary – Global Automotive Exterior LED Lighting Market Report
This section of the report provides a quick summary of the newly released market research study on automotive exterior LED lighting by Fact.MR.
Chapter 2: Overview of Global Automotive Exterior LED Lighting Market
The overview section of the global automotive exterior LED lighting market reports comprises three key sections – viz. market introduction, market sizing and forecast, and market dynamics. The introduction offers basic market definition and a quick glance at the taxonomy, whereas market sizing and forecast offers data points in terms of Y-o-Y growth during 2017-2022. Furthermore, the section of market dynamics analysis elaborates on the key dynamics, i.e. drivers, restraints, and trends influencing the performance of automotive exterior LED lighting market.
The next few sections of the report cover supply chain analysis, cost structure and pricing analysis, and raw material scenario assessment. The report then includes information on the region-wise presence of the key participants in automotive exterior LED lighting market, including distributors. The next part of the report entails competitive analysis and technology trends shaping the overall scenario of automotive exterior LED lighting market.
Chapters 3-6: Taxonomy Analysis and Forecast - Automotive Exterior LED Lighting Market
This section of the global automotive exterior LED lighting market report classifies the global market for automotive exterior LED lighting by product type, vehicle type, sales channel, volts, and region. The product type segment is further categorized into front light, parking light, fog light front, fog light rear, stop light, side signals/warning lights, head lamp, brake/tail light, license/number plate, panel lights; whereas the vehicle type segment is classified into compact passenger cars, mid-sized passenger cars, premium passenger cars, luxury passenger cars, light commercial vehicles, and heavy commercial vehicles.
Based on sales channel, the global market for automotive exterior LED lighting market has been bifurcated into OEM and aftermarket. On the basis of volts, the automotive exterior LED lighting market is divided into 12V and 14V segments. By region, the global automotive exterior LED lighting market into six key geographies – viz. North America, Latin America, Europe, Japan, APEJ, and MEA. FACT.MR analyzes each segment and sub-segment of automotive exterior LED lighting market in terms of revenue comparison, market share comparison, and Y-o-Y growth comparison.
Chapters 7-13: Regional and Country-wise Breakdown - Global Automotive exterior LED lighting Market
This chapter of the report provides country-wise regional market breakdown, supporting each regional market data with accurately drawn insights through comprehensive research on the automotive exterior LED lighting market.
Chapter 14: Global Automotive exterior LED lighting Market - Competition Landscape Analysis
Backed by authentically gathered information about the key financials, company profiles, product overview, and key developmental strategies, the report by Fact.MR uncovers the ins and outs of the entire competitive landscape of the global automotive exterior LED lighting market. This section of the report also offers SWOT analysis of each of the market participants, with an objective to enable participants in the global automotive exterior LED lighting space to gain the real-time bird’s eye view of the market and arrive at the decisive point to take their businesses to a new level of success.
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