Automotive Light Emitting Diode (LED) Bulbs Global Market Report 2020 - Market is Expected to Grow at a CAGR of 9.91% and Reach $16.2 Billion by 2023 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Automotive Light Emitting Diode (LED) Bulbs Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider automotive light emitting diode (led) bulbs market, and compares it with other markets.

Automotive Light Emitting Diode (LED) Bulbs Market Global Report 2020 from the author provides the strategists, marketers and senior management with the critical information they need to assess the global automotive light emitting diode (led) bulbs market.

The global automotive light emitting diode (led) bulbs market was worth $11.1 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 9.91% and reach $16.2 billion by 2023

In 2019, Asia Pacific was the largest region in the automotive LED bulbs market.

Technological advancements in the automotive light emitting diode (LED) technology is expected to drive market growth. Some of the new technologies include AFS LED headlights, bend lighting headlamps and flexible OLED for vehicle lighting. For Instance, in 2016, car models BMW i8, Audi R8 LMX, and the BMW 7 Series were launched with laser full beam lighting technology with a range of up to 600 meters, double the range of standard LED headlights. Thus, increasing technology adoption is expected to drive the demand for advanced automotive LED bulb products going forward.

High cost of advanced LED lights has been a major challenge for the automotive LED bulbs market. As the efficiency and longevity of the LED bulbs is improving, manufacturing costs are rising due to less volume sale. Automotive LED lights are expensive than halogen bulbs used traditionally in automobiles which is restraining market growth. In 2019, the cost of an LED lighting bulb was $5/klm at package level (luminaires costs $20-$100/klm) whereas the cost of advanced LED lighting, OLED cost around $300-$500/klm at panel level.

In June 2018, Osram, a Munich based lighting manufacturing company, acquired BAG Electronics, for an undisclosed amount. With this acquisition, the company aims to strengthen its electronic component business. BAG Electronics, a subsidiary of specialty lighting manufacturer Trilux, manufactures electronic components for LED lighting, control gear for fluorescent lamps, and high pressure discharge lamps.

Major players in the market are SG Automotive, Hella, KOITO, Magneti Marelli, OSRAM, Valeo, Stanley Electric Co. Ltd., Varroc, Koninklijke Philips N.V., Magneti Marelli

Key Topics Covered:

1. Executive Summary

2. Automotive Light Emitting Diode (LED) Bulbs Market Characteristics

3. Automotive Light Emitting Diode (LED) Bulbs Market Size And Growth

3.1. Global Automotive Light Emitting Diode (LED) Bulbs Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Automotive Light Emitting Diode (LED) Bulbs Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Automotive Light Emitting Diode (LED) Bulbs Market Segmentation

4.1. Global Automotive Light Emitting Diode (LED) Bulbs Market, Segmentation By Vehicle Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle(HCV)

4.2. Global Automotive Light Emitting Diode (LED) Bulbs Market, Segmentation By Adaptive Lighting, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

• Front Adaptive Lighting
• Rear Adaptive Lighting
• Ambient Adaptive Lighting

4.3. Global Automotive Light Emitting Diode (LED) Bulbs Market, Segmentation By Sales Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

• OEM
• Aftermarket

5. Automotive Light Emitting Diode (LED) Bulbs Market Regional And Country Analysis

5.1. Global Automotive Light Emitting Diode (LED) Bulbs Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Automotive Light Emitting Diode (LED) Bulbs Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Automotive Light Emitting Diode (LED) Bulbs Market Competitive Landscape And Company Profiles

7. Key Mergers And Acquisitions In The Automotive Light Emitting Diode (LED) Bulbs Market

8. Automotive Light Emitting Diode (LED) Bulbs Market Trends And Strategies

9. Automotive Light Emitting Diode (LED) Bulbs Market Future Outlook and Potential Analysis

Companies Mentioned

• SG Automotive
• Hella
• KOITO
• Magneti Marelli
• OSRAM
• Valeo
• Stanley Electric Co. Ltd.
• Varroc
• Koninklijke Philips N.V.
• Magneti Marelli
• Koito Manufacturing
• Stanley Electric Co. Ltd.
• Mercedes-Benz
• Koninklijke Phillips
• Hyundai Group
• Toyota Motor Corporations
• Zizala Corporations
• Lichtsysteme Gmbh
• Automotive Lighting
• Flextronics Automotive GmbH & Co. KG (formerly Sidler Automotive)
• Grupo Antolin Irausa, S.A.
• Ichikoh Industries, Ltd.
• SL Corporation

For more information about this report visit https://www.researchandmarkets.com/r/wvi379