Market Size of asia pacific automotive led lighting Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 3.98 Billion |
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Market Size (2030) | USD 7.51 Billion |
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Largest Share by Automotive Utility Lighting | Headlights |
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CAGR (2024 - 2030) | 11.13 % |
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Largest Share by Country | China |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia Pacific Automotive LED Lighting Market Analysis
The Asia Pacific Automotive LED Lighting Market size is estimated at 3.98 billion USD in 2024, and is expected to reach 7.51 billion USD by 2030, growing at a CAGR of 11.13% during the forecast period (2024-2030).
3.98 Billion
Market Size in 2024 (USD)
7.51 Billion
Market Size in 2030 (USD)
20.16 %
CAGR (2017-2023)
11.13 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
52.84 %
value share, Headlights, 2023
The total sales of LEDs in this category is expected to reach USD 1,947.6 million by 2023. It is driven by government regulations and the need for safe driving.
Largest Segment by Automotive Vehicle Lighting
64.36 %
value share, Passenger Cars, 2023
The EV markets in Indonesia, Thailand, Singapore, and India are all expanding quickly, and in the next ten years, this expansion is only expected to pick up speed.
Largest by Country
44.92 %
value share, China, 2023
The number of cars registered in China increased by around 10% in 2022, reaching about 23.24 million units. In terms of sales and demand in 2022, minivans, SUVs, and sedans will account for the majority of sales.
Fastest-growing Segment by Country
12.88 %
Projected CAGR, China, 2024-2030
The government of China has also been enhancing the green car credit program along with 10% purchase tax exemption for EV customers.
Leading Market Player
19.06 %
market share, KOITO MANUFACTURING CO., LTD., LTD.
KOITO is conducting R&D on Lighting systems comprising sensors fitted to the module situated on all four corners of the vehicle, which enables 360-degree monitoring of the surrounding environment.
Increasing innovations in LED lighting in automobiles to reduce accidents in Asia-Pacific drive the market demand
- In terms of value share, in 2022, headlights accounted for the majority of the market, followed by others and directional signal lights. The market share is expected to remain almost the same for directional signal lights and stop lights during the forecast period, with a small variation in headlights. China is the major country in terms of manufacturing automotive components, and it is expected to maintain its dominance over the forecasted period.
- In terms of volume share, in 2022, directional signal lights accounted for the majority, followed by headlights and others. The market share is expected to remain the same with less fluctuation for these lights. Tata, Hyundai, SAIC, and Geely are among the few major companies incorporating LED projector lights in their upcoming vehicles. As the accident rate rises, LED fog lamps are expected to become more popular. Countries such as China, India, and Japan have reduced accident rates by using LED lamps in their vehicles. For example, there were a total of 4,64,910 traffic accidents in 2017, but it dropped to 4,12,432 in 2021. Thus, using LED lamps in vehicles is expected to reduce the number of casualties in traffic accidents in countries.
- In addition, LEDs contribute to developing innovative lighting concepts that enhance the appearance of vehicles. Companies work together to develop technical LED products for the automotive industry. For example, in September 2022, ams OSRAM and TactoTek announced their collaboration on the development of a demonstrator featuring the avant-garde OSIRE E5515 side-view RGB LED. It can be easily integrated into the car interior, resulting in a more compact design. Such innovations and future investments in automotive LED lighting are expected to drive the market during the forecast period.
Understand The Key Trends Shaping This Market
The growth of EVs in South Korea, China, India, and other major countries in Asia-Pacific would boost the sales of LED lights
- In terms of value share, China accounted for the majority of the share of the Asia-Pacific automotive LED lighting market in 2022, followed by Japan and India. The market share is expected to increase for China in 2030 owing to the growth in the manufacturing sector and increasing innovation in automotive industries across the country. The market share of India is also expected to increase as the majority of automotive companies in the country are investing in EVs, and government initiatives to support the growth of EVs are also rising.
- In terms of volume share, China accounted for the majority of the market share in 2022, followed by India, Japan, and the Rest of Asia-Pacific. South Korea has the least volume share, and it is expected to remain in the minority throughout the forecast period. China is the export and import hub for the rest of the world, and major semiconductor manufacturing industries are located in the country. In 2019, China produced more than 26 million vehicles, and the majority of the vehicles were exported to various countries.
- In South Korea, sales were down in 2022 compared to 2021. This was due to weaker sales in China and Russia due to geopolitical issues. However, with rising government subsidiaries to promote EVs in the country, the EV automotive industry is expected to grow in the coming years.
- The increase in electric vehicle sales in 2021 was primarily driven by China, which accounted for half of the growth. Thus, overall EV growth, with rising LED innovation and a growing logistical sector, is expected to increase overall LED growth globally in the automotive industry.
Asia Pacific Automotive LED Lighting Industry Segmentation
Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting. China, India, Japan, South Korea are covered as segments by Country.
- In terms of value share, in 2022, headlights accounted for the majority of the market, followed by others and directional signal lights. The market share is expected to remain almost the same for directional signal lights and stop lights during the forecast period, with a small variation in headlights. China is the major country in terms of manufacturing automotive components, and it is expected to maintain its dominance over the forecasted period.
- In terms of volume share, in 2022, directional signal lights accounted for the majority, followed by headlights and others. The market share is expected to remain the same with less fluctuation for these lights. Tata, Hyundai, SAIC, and Geely are among the few major companies incorporating LED projector lights in their upcoming vehicles. As the accident rate rises, LED fog lamps are expected to become more popular. Countries such as China, India, and Japan have reduced accident rates by using LED lamps in their vehicles. For example, there were a total of 4,64,910 traffic accidents in 2017, but it dropped to 4,12,432 in 2021. Thus, using LED lamps in vehicles is expected to reduce the number of casualties in traffic accidents in countries.
- In addition, LEDs contribute to developing innovative lighting concepts that enhance the appearance of vehicles. Companies work together to develop technical LED products for the automotive industry. For example, in September 2022, ams OSRAM and TactoTek announced their collaboration on the development of a demonstrator featuring the avant-garde OSIRE E5515 side-view RGB LED. It can be easily integrated into the car interior, resulting in a more compact design. Such innovations and future investments in automotive LED lighting are expected to drive the market during the forecast period.
| Automotive Utility Lighting | |
| Daytime Running Lights (DRL) | |
| Directional Signal Lights | |
| Headlights | |
| Reverse Light | |
| Stop Light | |
| Tail Light | |
| Others |
| Automotive Vehicle Lighting | |
| 2 Wheelers | |
| Commercial Vehicles | |
| Passenger Cars |
| Country | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Rest of Asia-Pacific |
Need A Different Region Or Segment?
Asia Pacific Automotive LED Lighting Market Size Summary
The Asia Pacific Automotive LED Lighting Market is poised for significant growth, driven by the increasing adoption of LED technology in vehicles across the region. This market is characterized by a strong focus on innovation and the integration of advanced lighting solutions, such as LED projector lights and fog lamps, which are gaining popularity due to their safety benefits. The region's automotive industry is heavily influenced by China, which remains a dominant force in manufacturing and exporting automotive components. The country's robust production capabilities and ongoing investments in electric vehicles (EVs) are expected to further bolster the market. Other countries like India and Japan are also contributing to the market's expansion, with India seeing a rise in EV investments and government support, while Japan continues to enhance its EV infrastructure.
The market landscape is moderately consolidated, with key players like KOITO MANUFACTURING CO., LTD., Marelli Holdings Co., Ltd., OSRAM GmbH., Stanley Electric Co., Ltd., and Valeo leading the charge in innovation and market share. The demand for LED lighting is further amplified by the growing emphasis on electric vehicles, which benefit from the energy efficiency and longevity of LED lights. The Asia Pacific region's commitment to reducing emissions and promoting sustainable transportation solutions is evident in the increasing number of EV charging stations and supportive government policies. As the market evolves, collaborations and technological advancements, such as those between ams OSRAM and TactoTek, are expected to drive further growth, enhancing the aesthetic and functional aspects of automotive lighting.
Asia Pacific Automotive LED Lighting Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Automotive Utility Lighting
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1.1.1 Daytime Running Lights (DRL)
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1.1.2 Directional Signal Lights
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1.1.3 Headlights
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1.1.4 Reverse Light
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1.1.5 Stop Light
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1.1.6 Tail Light
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1.1.7 Others
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1.2 Automotive Vehicle Lighting
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1.2.1 2 Wheelers
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1.2.2 Commercial Vehicles
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1.2.3 Passenger Cars
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1.3 Country
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1.3.1 China
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1.3.2 India
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1.3.3 Japan
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1.3.4 South Korea
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1.3.5 Rest of Asia-Pacific
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Asia Pacific Automotive LED Lighting Market Size FAQs
How big is the Asia Pacific Automotive LED Lighting Market?
The Asia Pacific Automotive LED Lighting Market size is expected to reach USD 3.98 billion in 2024 and grow at a CAGR of 11.13% to reach USD 7.51 billion by 2030.
What is the current Asia Pacific Automotive LED Lighting Market size?
In 2024, the Asia Pacific Automotive LED Lighting Market size is expected to reach USD 3.98 billion.
