The estimated size of the tire cord market for the year 2023 amounts to approximately US$ 5.75 billion. With a projected compound annual growth rate (CAGR) of 5.5%, the market is expected to attain a value of US$ 9.82 billion by the year 2033. The global tire cord market is a critical segment within the broader automotive industry. Tire cords are essential reinforcements embedded in the structu...
Automotive Exterior LED Lighting Market Share & Trends Analysis, By Sales Channel (OEM, Aftermarket) by Volts (12V, 14V) & By Region – Global Insights till 2032
The global automotive exterior LED lighting market valued at US$1.18 Billion in 2021 and in 2022 be valued at US$1.24 Billion. During the 2022-2032 period of assessment, demand is expected to rise at a 7.6 % value CAGR, likely to reach US$2.6 Billion by the end of the said forecast period.
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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 Companies Profiled
- 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.
Key Segments Covered in Automotive Exterior LED Lighting Market Study
- By Sales Channel :
- By Volts :
- By Region :
- North America
- East Asia
- South Asia
- Latin America
- Middle East & Africa
- Automotive Exterior LED Lighting fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Automotive Exterior LED Lighting player.
- Various regulations imposed by the governments on the consumption of Automotive Exterior LED Lighting in detail.
- Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Automotive Exterior LED Lighting.
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The report covers following Automotive Exterior LED Lighting Market insights and assessment that are helpful for all participants involved in the Automotive Exterior LED Lighting market:
- Data on recently introduced regulations and their impact on key industries and on demand in Automotive Exterior LED Lighting
- Latest industry Analysis on Automotive Exterior LED Lighting Market, with key analysis of market drivers, trends, and influencing factors
- Key trends Analysis of Automotive Exterior LED Lighting Market and changing consumer preferences in major industries.
- Changing Automotive Exterior LED Lighting demand and consumption of diverse products
- Major trends underlining funding by key investors in numerous countries
- New investment opportunities in diverse technology and product or service types
- Comprehensive data and Competitive analysis of Automotive Exterior LED Lighting major players
- Automotive Exterior LED Lighting Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Automotive Exterior LED Lighting demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
Questionnaire answered in the Automotive Exterior LED Lighting Market report include:
- How the market for Automotive Exterior LED Lighting has grown?
- What is the present and future outlook of the global Automotive Exterior LED Lighting on the basis of region?
- What are the challenges and opportunities for the Automotive Exterior LED Lighting?
- Why the consumption of Automotive Exterior LED Lighting highest in region?
- In which year segment is expected to overtake segment?
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