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Automotive Exterior LED Lighting Market Is Currently Valued at US$ 1.33 Billion in 2023

automotive-exterior-led-lighting-market-forecast-2023-2033

Worldwide sales of automotive exterior LED lighting solutions are projected to rise at a CAGR of 7.6% during the next 10 years. As a result, the global automotive exterior LED lighting market is set to increase from a size of US$ 1.33 billion in 2023 to US$ 2.77 billion by 2033-end. Car exterior LED lighting typically refers to the use of light-emitting diodes (LEDs) in various exterior lighting components of vehicles. LED technology is rapidly gaining traction in various industries, and more so in the automotive sector. Durability, efficiency, and versatility are the main features that are enhancing the performance of exterior car lighting.

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Automotive Exterior LED Lighting Market both at worldwide and provincial levels.

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Market Players: –

  • 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.
  • Imasen Electric Industrial Co., Ltd.

Competitive 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., 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.

  • In November 2020 – Marelli, Japan, will open a production facility for electric drivetrains in Cologne, Germany. Start of production is targeted for the first half of 2021.
  • In July 2021 – Marelli Automotive Lighting, and Samvardhana Motherson Automotive Systems Group (SMRP BV), have signed a MOU to explore new technological partnership focused on Smart illuminated exterior body parts. This intends to focus on components such as front grills and bumpers, along with other car parts that can be illuminated. These components are expected to become a growing trend in the future of mobility, with increased adoption of Advanced Driver-Assistance Systems (ADAS) and Autonomous Driving (AD) in the coming years.
  • In April 2022 – The brand new Range Rover illuminates the road with an innovative lighting system from ZKW. The “Digital Light Processing” LED headlights not only generate stepless, glare-free high beam that automatically hides oncoming or other road users. The smart, digital front lighting also makes it possible to project animated images onto the road.

Key Segments Covered in Automotive Exterior LED Lighting Market Study

  • By Sales Channel :
    • OEM
    • Aftermarket
  • By Volts :
    • 12V
    • 14V

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

Leading Exterior Automotive Lighting Components

  • Automotive LED Headlights: Used in modern vehicles to provide high brightness for better visibility of drivers.
  • Automotive LED Taillights: Used for the rear lighting of vehicles to provide a distinctive and recognizable appearance.
  • Automotive LED Fog Lights: Designed with improved visibility feature to guide well in fog, rain, and snow conditions.

Automotive daytime running lights (DRLs), automotive LED turn signal lights, automotive LED brake lights, automotive exterior accent lighting, and LED license plate lights are some of the advanced automotive exterior lighting technologies available in the market

Reasons behind the rapid adoption of LED lighting technology are their energy efficiency, longer lifespan, and improved design flexibility compared to traditional halogens and incandescent bulbs. LED lights also enhance the overall aesthetics and safety of modern vehicles.

  • According to the latest study by Fact.MR, global demand for 12V automotive exterior LED lights is projected to increase at a CAGR of 7.2% from 2023 to 2033.

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