Infinium Global Research Global Automotive LED market | Page 2

The report "Automotive Led Lighting Market by Application (Exterior Lighting, and Interior Lighting),
Vehicle Type(Passenger cars, LCV, Bus, and Others)", theautomotive LED lighting market is expected to
reach USD 9.64Billion by 2023 expanding at a CAGR of 18.2%. Factors driving the growth of this market
includeEvolution of new advanced lighting systems, increasing concerns about vehicle safety initiated by
the government regulations include growth in the demand for automotive vehicles, and increase in
automotive production.
Browse the complete report on " Automotive Led Lighting Market by Application (Exterior
Lighting, and Interior Lighting), Vehicle Type (Passenger cars, LCV, Bus, and Others) - Global
Forecast to 2023"
https://www.infiniumglobalresearch.com/automotive/global_automotive_led_lighting_market
Exterior Lighting has dominated Automotive Led Lighting market in 2023
By Application, the automotive LED lighting market is classified into Exterior Lighting, Interior Lighting.
The Exterior Lighting segment is expected to lead the global automotive LED lighting in 2018. The growth
of this segment is attributed to revenue generated from sales of headlamps, rear lamps, fog lamps, and
side lamps. Moreover, the demand for exterior LED lighting is expected to remain high over the next few
years as vehicle manufacturers across all geographies are gradually focusing on safety standards and
lowering costs.
Passenger cars segment has dominated the Automotive LED Lighting market in 2023
On the basis of Vehicle Type, the automotive LED lighting market is categorized into passenger cars, LCV,
bus, and others. The passenger cars segment is estimated to account for the largest share of the global
automotive LED lighting marketduring the forecast period.Key players use semiconductor technology to