Automotive LED Lighting Market Research Report Information By Position (Front, Rear, Side and Interior), By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV) and Heavy Commercial Vehicle (HCV)), By Adaptive Lighting (Front Adaptive Lighting, Rear Adaptive Lighting and Ambient Adaptive Lighting) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Global Industry Size, Share, Growth, Trends and Forecast To 2032

Automotive LED Lighting Market Overview:

Automotive LED Lighting Market Size was valued at USD 15.81 Billion in 2023. The Automotive LED Lighting market industry is projected to grow from USD 16.66 Billion in 2024 to USD 24.08 Billion by 2032, exhibiting a CAGR of 4.71% during the forecast period (2024 - 2032). Increasing demand for luxury vehicles and the evolution of new technologies are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive LED Lighting Market Trends

Increasing demand for luxury vehicles is driving the market growth

Market CAGR for Automotive LED lighting is being driven by the increasing demand for luxury vehicles. The growing demand for luxury vehicles is driving the automotive LED lighting market. Luxury vehicle manufacturers increasingly incorporate LED (Light Emitting Diode) technology to enhance aesthetics, provide better lighting performance, and improve energy efficiency. As luxury vehicles are known for their advanced features and high-end specifications, LED lighting systems are utilized to create innovative lighting designs and improve overall vehicle appearance.

LEDs offer several benefits over traditional lighting technologies in the automotive industry. They consume less energy, have a longer lifespan, and provide better visibility on the road. Luxury vehicle owners often prioritize high-quality lighting systems that offer superior illumination, improved safety, and a stylish visual appeal. LED lighting technology fulfills these requirements, making it a popular choice in luxury vehicles.

Furthermore, the increasing demand for luxury vehicles worldwide is contributing to the growth of the automotive LED lighting market. Rising disposable incomes, changing consumer preferences, and a desire for advanced features and comfort fuel the demand for luxury vehicles. As a result, luxury car manufacturers are actively incorporating LED lighting solutions into their vehicle designs to attract customers and differentiate their products in the competitive automotive market.

For instance, Ford unveiled the Mustang Mach-E electric SUV and announced its intention to invest approximately $11.5 billion in electric vehicle technology between 2020 and 2022. The company has plans to produce a range of electric vehicles and plug-in hybrids, including an electric version of the next-generation F-150 pickup truck. Thus, driving the Automotive LED Lighting market revenue.

Automotive LED Lighting Market Segment Insights:

Automotive LED Lighting Position Insights

The Automotive LED Lighting Market segmentation, based on type, includes front, rear, side and interior. The front segment dominated the market, accounting for 45% of market revenue (6.75 Billion). This is due to its critical role in vehicle safety, regulatory requirements for front lighting systems, and the increasing adoption of advanced LED technology for improved visibility and design aesthetics. The rear position segment is the fastest-growing segment. This is due to the demand for advanced lighting functionalities such as brake lights and turn indicators and the adoption of LED technology for energy efficiency.

Figure 1: Automotive LED Lighting Market, by Position, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive LED Lighting Vehicle Type Insights

The Automotive LED Lighting Market segmentation, based on vehicle type, includes passenger cars, light commercial vehicles (LCV) and heavy commercial vehicles (HCV). The passenger car generated the most income (70.4%). This is due to the high volume of passenger car sales, increasing consumer demand for enhanced aesthetics and safety features, and automotive manufacturers' continuous integration of LED lighting technology. Furthermore, heavy commercial vehicles (HCV) are expected to grow fastest. This is due to the growing a of lighting systems for enhanced safety, improved visibility, and compliance with stringent regulations in the commercial transportation sector.

Automotive LED Lighting Adaptive Lighting Insights

The Automotive LED Lighting Market segmentation, based on adaptive lighting, includes front adaptive lighting, rear adaptive lighting and ambient adaptive lighting. The front adaptive lighting segment generated the most income (55%). Front adaptive lighting is generally more popular in the automotive industry than rear adaptive or ambient adaptive lighting. Front adaptive lighting systems, such as adaptive headlights, are widely adopted to improve visibility and safety by adjusting the beam pattern and direction in response to changing driving conditions. The rear adaptive lighting is the fastest-growing adaptive lighting. Rear adaptive lighting and ambient adaptive lighting, while gaining traction, are relatively less common than front adaptive lighting.

Automotive LED Lighting Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Automotive LED Lighting market area will dominate this market, owing to increasing vehicle production, growing consumer demand for advanced lighting technologies, and government regulations promoting energy efficiency and safety.

Further, the major countries studied in the market report are The US, Canada, German, the UK, France, Italy, Spain, Japan, China,  India, Australia, South Korea, and Brazil.

Figure 2: Automotive Led Lighting Market Share By Region 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Automotive LED Lighting market accounts for the second-largest market share due to the rising adoption of electric vehicles, stricter regulations on vehicle lighting safety, and the demand for energy-efficient lighting solutions. Further, the German Automotive LED Lighting market held the largest market share, and the UK Automotive LED Lighting market was the fastest-growing market in the European region.

The Asia-Pacific Automotive LED Lighting Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to increasing consumer purchasing power and the rising demand for technologically advanced and energy-efficient lighting solutions in the automotive sector. Moreover, China’s Automotive LED Lighting market held the largest market share, and the Indian Automotive LED Lighting market was the fastest-growing market in the Asia-Pacific region.

Automotive LED Lighting Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Automotive LED Lighting market, grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Automotive LED Lighting industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Automotive LED Lighting industry to benefit clients and increase the market sector. In recent years, the Automotive LED Lighting industry has offered drivers some of the most significant advantages. Major players in the Automotive LED Lighting market, including Osram Licht AG (Germany), Magneti Marelli S.P.A (Italy), Koito Manufacturing Co.Ltd (Japan), and others, are attempting to increase market demand by investing in research and development operations.

Osram Licht is a leading provider of automotive LED lighting solutions, offering a comprehensive range of products and services tailored specifically for the automotive industry. With a strong focus on innovation and cutting-edge technology, Osram Licht delivers high-quality LED lighting solutions that enhance vehicle safety, visibility, and design aesthetics. Their portfolio includes various LED headlamps, taillights, interior lighting, and ambient lighting solutions, catering to automotive manufacturers' and consumers' diverse needs and preferences. Osram Licht's automotive LED lighting solutions are characterized by their energy efficiency, durability, and superior performance, enabling enhanced visibility on the road, improved energy conservation, and a more engaging driving experience. In July 2024, the company launched TCS3530, an ultra-sensitive color sensor that enables a smartphone camera to rend color in any lighting conditions.

Magneti Marelli S.P.A is a renowned provider of automotive LED lighting solutions, offering a comprehensive range of cutting-edge products and services specifically designed for the automotive industry. With a strong emphasis on innovation, quality, and customer satisfaction, Magneti Marelli excels in delivering advanced LED lighting solutions that enhance safety, visibility, and design aesthetics for vehicles. Their extensive portfolio includes an array of LED headlamps, taillights, daytime running lights, and interior lighting solutions, catering to automotive manufacturers' and drivers' diverse needs and preferences. Magneti Marelli's automotive LED lighting solutions are characterized by their superior performance, energy efficiency, and durability, ensuring optimal visibility on the road, reduced energy consumption, and an enhanced driving experience. With a rich heritage and expertise in the automotive industry, Magneti Marelli continues to be a trusted partner for vehicle manufacturers globally. In January 2020, Magneti Marelli partnered with XenomatiX to provide "solid-state LiDAR" modules for Advanced Driver Assistance Systems (ADAS) and autonomous driving (AD) applications.

Key Companies in the Automotive LED Lighting market include

• Osram Licht AG (Germany)


• Magneti Marelli S.P.A (Italy)


• Koito Manufacturing Co.Ltd (Japan)


• Stanley Electric Co Ltd (Japan)


• Mercedes-Benz (Germany)


• Koninklijke Philips N.V. (Netherlands)


• Hyundai Group (South Korea)


• Toyota Motor Corporation (Japan)


• Tata Motors Limited (India)


• Zizala Lichtsysteme Gmbh (Austria)

Automotive LED Lighting Industry Developments

In November 2023, trucks and off-road vehicles were launched with the new HELLA Value Fit BLADE auxiliary headlamp series by HELLA. These auxiliary headlamps are equipped with innovative LED lighting technology and provide a new growth path entry into the world of LED vehicle lighting.

HELLA expands the Black Magic auxiliary headlamp series with 32 new lightbars in March 2023. Range expansion includes 14 lightbars with ECE approval for on-road use and 18 light-bars for off-road applications.

In July 2023, OSRAM open a new era of dynamic interior automotive lighting with the launched of intelligent RGB LED. Dynamic color and motion effects can be achieved by using an LED as a source.

January 2023: HELLA introduced Flat-Light technology into its series production as a daytime running light for the first time.

January 2023: Nichia Corporation and Infineon Technologies AG announced that they had jointly developed a high-definition (HD) light engine with more than 16,000 micro-LEDs for headlight applications.

For example, ZKW has recently come up with advanced lighting technology based on LEDs for the new Volvo C40 in June 2022. There is an individual ultra-bright pixel module consisting of no fewer than eighty-four LEDs in the headlights on each side of this all-electric electric crossover.

Additionally, OSRAM GmbH launched its brightest automotive front lighting LED readily available today in December 2021. The lead-frame-based devices are designed specifically to provide market-leading brightness for low-beam and high-beam solutions found in cars.

Automotive LED Lighting Market Segmentation:

Automotive LED Lighting Position Outlook

• Front


• Rear


• Side


• Interior

Automotive LED Lighting Vehicle Type Outlook

• Passenger Car


• Light Commercial Vehicle (LCV)


• Heavy Commercial Vehicle (HCV)

Automotive LED Lighting Adaptive Lighting Outlook

• Front Adaptive Lighting


• Rear Adaptive Lighting


• Ambient Adaptive Lighting

Automotive LED Lighting Regional Outlook

North America

• US


• Canada

Europe

• Germany


• France


• UK


• Italy


• Spain


• Rest of Europe

Asia-Pacific

• China


• Japan


• India


• Australia


• South Korea


• Australia


• Rest of Asia-Pacific

Rest of the World

• 
  Middle East
  


• 
  Africa
  


• 
  Latin America
  

Attribute/Metric	Details
Market Size 2023	USD 15.81 Billion
Market Size 2024	USD 16.66 Billion
Market Size 2032	USD 24.08 Billion
Compound Annual Growth Rate (CAGR)	4.71% (2024-2032)
Base Year	2023
Market Forecast Period	2024-2032
Historical Data	2018- 2022
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Distribution Channel, and Region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Osram Licht AG (Germany), Magneti Marelli S.P.A (Italy), Koito Manufacturing Co.Ltd (Japan), Stanley Electric Co Ltd (Japan), Mercedes-Benz (Germany), Koninklijke Philips N.V. (Netherlands), Hyundai Group (South Korea). Toyota Motor Corporation (Japan), Tata Motors Limited (India), Zizala Lichtsysteme Gmbh (Austria)
Key Market Opportunities	Increasing demand for luxury vehicles and the evolution of new technologies
Key Market Dynamics	The volatility of raw material prices and semi-conductor chip shortage