South Korea - LED Lighting Market size to increase by USD 1.87 billion during 2022-2027

The South Korea - LED Lighting Market size is expected to grow by USD 1.87 billion, accelerating at a CAGR of 7.4% during the forecast period.

One of the primary drivers of the expansion of the LED lighting market in South Korea is the increasing demand from the automotive sector. This growth is propelled by factors such as the rising production of automobiles and advancements in technology.

LED lighting is experiencing notable adoption within the South Korean automotive industry, gradually displacing halogen lights due to their energy efficiency, lightweight nature, and space-saving qualities.

Trends

    Interior lighting known as ambient lighting enhances the cabin's aesthetics.
    Initially introduced in luxury vehicles, ambient lighting has expanded to mid-sized and entry-level models.
    Light pipes, light rings, LED pin spotlights, and diffuser lenses are integral components of ambient lighting, integrated into various parts of the vehicle interior.
    LEDs are increasingly adopted for cabin ambient lighting due to their small size and energy efficiency, commonly used in cup holders, door panels, and map pockets.
    Colored low-intensity overhead lighting, especially illuminating the gear stick, is gaining popularity.

Challenges

    LED lighting faces a significant challenge due to its limited thermal tolerance, with energy loss being a problem compared to incandescent lamps.
    LEDs exposed to high temperatures, moisture, and hazardous industrial environments experience reduced lighting efficiency.
    High temperatures and confined spaces negatively affect LED light output and lifespan, especially in industrial settings.
    The high internal temperature of LED drivers in industrial facilities can surpass safe limits, leading to LED driver failures.