Market Size of france automotive led lighting Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2030 |
|
Market Size (2024) | USD 306.48 Million |
|
|
Market Size (2030) | USD 397.31 Million |
|
Largest Share by Automotive Utility Lighting | Headlights |
|
|
CAGR (2024 - 2030) | 4.42 % |
|
|
Fastest Growing by Automotive Utility Lighting | Reverse Light |
|
|
Market Concentration | High |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
France Automotive LED Lighting Market Analysis
The France Automotive LED Lighting Market size is estimated at 306.48 million USD in 2024, and is expected to reach 397.31 million USD by 2030, growing at a CAGR of 4.42% during the forecast period (2024-2030).
306.48 Million
Market Size in 2024 (USD)
397.31 Million
Market Size in 2030 (USD)
-3.61 %
CAGR (2017-2023)
4.42 %
CAGR (2024-2030)
Largest Segment by Automotive Utility Lighting
62.68 %
value share, Headlights, 2023
The total sales of LEDs in this category is expected to reach USD 191.7 million by 2023. It is driven by government regulations and the need for safe driving.
Largest Segment by Automotive Vehicle Lighting
61.91 %
value share, Passenger Cars, 2023
The passenger car sales has increased from over 35.8 million in 2011 to more than 38.7 million in January 2022 leading the expected sales to reach USD 561.1 million by 2023.
Fastest-growing Segment by Automotive Utility Lighting
4.58 %
Projected CAGR, Reverse Light, 2024-2030
The total sales of LEDs in this category is expected to reach USD 5.6 million by 2023. These lamps are governed by "ECE Regulation 23," which is a regulation.
Fastest-growing Segment by Automotive Vehicle Lighting
4.71 %
Projected CAGR, Passenger Cars, 2024-2030
Electric vehicles increased from 600 in 2010 to around 1,061,000 units in 2020, they made up 11% of new registrations leading the expected sales to reach USD 189.3 million by 2023.
Leading Market Player
28.04 %
market share, OSRAM GmbH., 2022
In automotive, based on their advanced highly-pixelated matrix LEDs, they enable intelligent lighting and visualization solutions for dynamic headlights that can instantly adapt the light beam to the traffic situation.
Increased traffic accidents and rising demand for passenger and commercial vehicles accelerate the demand for LED lights
- In terms of value, in 2023, headlights accounted for the majority share, followed by other lights and DRL. The market share is expected to remain the same during the forecast period. Due to an increase in traffic accidents in France, there is a greater demand for safety elements. Vehicles with effective lighting allow the driver to make the necessary, suitable decisions. Increased worry about traffic accidents drives demand for enhanced safety measures in cars, which finally results in the addition of headlights and encourages further growth of LED in the nation.
- The number of road injury accidents reported by police forces in January 2022 was 3,728. This increased over the previous year's result, 3,508 accidents, or 220 more injury accidents than in January 2021. A significant portion of these accidents were caused by improper vehicle lighting. These elements increase the need for headlights in automobiles. As a result, rising concern for road safety fuels the expansion of headlights and, consequently, the country's growing use of LED.
- In terms of volume, in 2023, directional signal lights accounted for the majority share, followed by headlights and other lights. Due to an increase in passenger and commercial vehicles, the market is expanding. Demand for commercial vehicles has increased significantly globally in recent years. Around 3.5 million passenger automobiles were shipped by French automakers outside of France in 2020. Around 3.5 million passenger automobiles were shipped by French automakers outside of France in 2020. French automakers like PSA and Renault actively compete in the world automotive market. Thus, the country's use of directional signal lights is anticipated to increase as the demand for LEDs increases in the automobile sector.
Understand The Key Trends Shaping This Market
France 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.
- In terms of value, in 2023, headlights accounted for the majority share, followed by other lights and DRL. The market share is expected to remain the same during the forecast period. Due to an increase in traffic accidents in France, there is a greater demand for safety elements. Vehicles with effective lighting allow the driver to make the necessary, suitable decisions. Increased worry about traffic accidents drives demand for enhanced safety measures in cars, which finally results in the addition of headlights and encourages further growth of LED in the nation.
- The number of road injury accidents reported by police forces in January 2022 was 3,728. This increased over the previous year's result, 3,508 accidents, or 220 more injury accidents than in January 2021. A significant portion of these accidents were caused by improper vehicle lighting. These elements increase the need for headlights in automobiles. As a result, rising concern for road safety fuels the expansion of headlights and, consequently, the country's growing use of LED.
- In terms of volume, in 2023, directional signal lights accounted for the majority share, followed by headlights and other lights. Due to an increase in passenger and commercial vehicles, the market is expanding. Demand for commercial vehicles has increased significantly globally in recent years. Around 3.5 million passenger automobiles were shipped by French automakers outside of France in 2020. Around 3.5 million passenger automobiles were shipped by French automakers outside of France in 2020. French automakers like PSA and Renault actively compete in the world automotive market. Thus, the country's use of directional signal lights is anticipated to increase as the demand for LEDs increases in the automobile sector.
| 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 |
Need A Different Region Or Segment?
France Automotive LED Lighting Market Size Summary
The France Automotive LED Lighting Market is poised for steady growth, driven by the increasing demand for enhanced vehicle safety and the rising production of passenger and commercial vehicles. The market is characterized by a significant focus on headlights, which dominate the value segment due to their critical role in improving road safety. The growing concern over traffic accidents, often linked to inadequate vehicle lighting, has spurred the demand for advanced lighting solutions, including LED technology. This trend is further supported by the expansion of the automotive industry in France, with major players like PSA and Renault actively participating in the global market. The shift towards electric vehicles (EVs) also plays a crucial role, as LED lights offer energy efficiency benefits that align with the growing emphasis on sustainability and reduced energy consumption in the automotive sector.
The market landscape is fairly consolidated, with leading companies such as GRUPO ANTOLIN IRAUSA, S.A., HELLA GmbH & Co. KGaA, Marelli Holdings Co., Ltd., OSRAM GmbH, and Valeo holding significant shares. These companies are at the forefront of innovation, with Valeo, in particular, making notable strides in developing high-definition lighting systems to enhance road safety. The French government's initiatives, including the establishment of a battery factory and targets for electric vehicle production, further underscore the strategic importance of the automotive sector in the country's economic landscape. Despite challenges posed by the COVID-19 pandemic, the market is expected to recover and expand, driven by technological advancements and supportive government policies aimed at fostering the growth of electric and energy-efficient vehicles.
France Automotive LED Lighting Market Size - Table of Contents
-
1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
-
1.1 Automotive Utility Lighting
-
1.1.1 Daytime Running Lights (DRL)
-
1.1.2 Directional Signal Lights
-
1.1.3 Headlights
-
1.1.4 Reverse Light
-
1.1.5 Stop Light
-
1.1.6 Tail Light
-
1.1.7 Others
-
-
1.2 Automotive Vehicle Lighting
-
1.2.1 2 Wheelers
-
1.2.2 Commercial Vehicles
-
1.2.3 Passenger Cars
-
-
France Automotive LED Lighting Market Size FAQs
How big is the France Automotive LED Lighting Market?
The France Automotive LED Lighting Market size is expected to reach USD 306.48 million in 2024 and grow at a CAGR of 4.42% to reach USD 397.31 million by 2030.
What is the current France Automotive LED Lighting Market size?
In 2024, the France Automotive LED Lighting Market size is expected to reach USD 306.48 million.
