Report ID: SQMIG25A2184
Automotive LED Lighting Market Size, Share, Growth Analysis, By Technology type (OLED LED , MATRIX LED), By Vehicle Type( Passenger cars, Light Commercial Vehicles), By Type( Front Adaptive Lighting, Rear Adaptive Lighting,)By Application(Front Lighting, Rear Lighting, Side Lighting, Interior Lighting), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25A2184 |
Region:
Global |
Published Date: February, 2024
Pages:
223
|
Tables:
93 |
Figures:
76
Automotive LED Lighting Market Insights
Global Automotive LED Lighting Market size was valued at USD 16.75 billion in 2022 and is poised to grow from USD 18.19 billion in 2023 to USD 35.19 billion by 2031, growing at a CAGR of 8.6% during the forecast period (2024-2031).
The global Automotive LED Lighting Market has witnessed enormous increase in recent years, driven via a aggregate of technological advancements, growing patron cognizance of strength-efficient lighting answers, and the developing automobile industry. As car producers preserve to prioritize protection, efficiency, and aesthetics, LED lighting has emerged as a preferred preference for each indoors and exterior automobile programs.
One key motive force of the marketplace is the rising call for for power-green lighting solutions. LED technology offers big advantages over traditional lighting options, such as incandescent and halogen bulbs, with the aid of offering higher luminosity and longer lifespan while consuming much less strength. This not simplest aligns with global sustainability desires however also addresses the growing recognition on gasoline performance in motors.
Automotive LED Lighting Market Report Snapshots
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