Automotive LED Lighting Market Size is Projected to Reach USD 27,030 Million

The global Automotive LED lighting market is predicted to bolter substantially during the review era from 2022 to 2030 at a substantial growth rate of around 5.40%.

The global Automotive LED lighting industry has lately demonstrated immense development. The primary parameter causing a surge in the performance of the market is the low cost of the LED and its efficient working of it. LEDs are small, solid light bulbs that are highly energy efficient and long-lasting.

Among all the technologies, the halogen segment is anticipated to secure the top position across the global market for automotive LED lighting over the coming years. Low purchasing & replacement costs, along with easy availability, are considered the primary parameters supporting the development of the segment. They are available in various dimensions and are cost-effective and easy to substitute. On the other hand, excessive heat loss while light radiation has raised awareness for energy efficiency, causing the lowered usage of halogen.

Among all the application areas, the headlamps segment is anticipated to secure the leading position across the global market for automotive LED lighting over the coming years. These also include DSL/fog lights. Dynamic growth and developments have transformed the headlamps segment. The growing use of LEDs in headlamps compared with xenon and halogen is also considered one of the crucial parameters supporting the development of the segment across the globe. Adaptive headlights are an active safety feature developed to enhance the drivers' visibility in low light conditions.