Automotive LED Lighting Market Automotive LED Lighting Market

Automotive LED Lighting Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“The factors that are playing a major role in the growth of
automotive LED lighting market are growing sales of
automotive vehicles, increasing concern regarding energy
efficiency, cost-efficient lighting, and growing demand for
lightweight vehicles.”
Global automotive LED lighting market is expected to grow at a significant CAGR of 20.64% in the upcoming
period as the scope and its applications are rising enormously across the globe. Automotive LED lighting is an
important part of modern automobiles that give an unmistakable modern look. It provides superior functionality
and comfortable ambiance in the vehicle. This two-lead semiconductor light source allows pedestrians and
drivers to see a vehicle presence, the direction of travel, position, the speed of travel, and the size of the vehicle.
The factors that are playing a major role in the growth of automotive LED lighting market are growing sales of
automotive vehicles, increasing concern regarding energy efficiency, cost-efficient lighting, and growing
demand for lightweight vehicles. However, strict government policy against use of xenon and halogen light may
restrain overall market growth in the years to come. Automotive LED lighting market is segmented based on
vehicle type, adaptive lighting, position, application, and region.
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Heavy commercial vehicle (HCV), passenger car, and light commercial vehicle (LCV) are the vehicle types that
could be explored in automotive LED lighting in the forecast period. Based on adaptive lighting, ambient
adaptive lighting, front adaptive lighting, rear adaptive lighting, and others could classify automotive LED lighting
in the forecast period.
Interior and exterior is a lighting position that could be explored in automotive LED lighting in the forecast
period. Exterior position sector comprises side lighting, front lighting, and rear lighting. The exterior lighting