| Study Period | 2017 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 1.27 Billion |
| Market Size (2030) | USD 1.58 Billion |
| CAGR (2025 - 2030) | 4.53 % |
| Market Concentration | High |
Major Players *Disclaimer: Major Players sorted in no particular order |
Japan Outdoor LED Lighting Market Analysis
The Japan Outdoor LED Lighting Market size is estimated at 1.27 billion USD in 2025, and is expected to reach 1.58 billion USD by 2030, growing at a CAGR of 4.53% during the forecast period (2025-2030).
The Japanese outdoor LED lighting industry is experiencing significant transformation driven by technological advancement and infrastructure modernization. The commercial real estate sector plays a crucial role in market development, with investors deploying USD 8.9 billion into the country's commercial real estate sector in the first quarter of 2023. This substantial investment has created new opportunities for outdoor lighting solutions across commercial properties. The construction sector remains robust, exemplified by major projects like the Nagasaki Stadium City development, which is expected to exceed JPY 80 billion in total costs and will incorporate advanced LED lighting systems throughout its facilities.
The entertainment and tourism infrastructure continues to drive innovation in outdoor lighting applications. Japan's amusement and theme parks generated approximately JPY 600 billion in revenue in 2022, with many venues implementing sophisticated LED lighting systems to enhance visitor experiences. The aviation sector presents another significant market opportunity, with Japan operating nearly 100 airports as of April 2022, including 28 major airports and 54 regional airports, all requiring extensive exterior lighting systems. These facilities are increasingly adopting energy-efficient LED systems as part of their modernization initiatives.
Leading manufacturers are focusing on product innovation and expanding their portfolios to meet evolving market demands. In January 2023, Nichia Corporation demonstrated this trend by introducing two new high-power LED solutions: the NVSW719AC for expanded lighting design possibilities and the NVSW219C-V2 featuring superior color uniformity through a dome-less structure. Similarly, Panasonic showcased its technological capabilities in June 2023 by installing approximately 400 LED floodlights at the Tokyo Dome, highlighting the industry's capacity for large-scale lighting solutions.
The market is witnessing a strong push toward smart outdoor lighting solutions and sustainable infrastructure development. The Tokyo Metropolitan Government's Smart City Tokyo initiative exemplifies this trend, promoting the integration of intelligent lighting systems within urban infrastructure. This transformation extends to transportation infrastructure, where Japanese authorities are implementing advanced lighting solutions across roads, railways, and public spaces. The focus on energy efficiency and smart technology integration is reshaping the outdoor lighting landscape, with LED solutions playing a central role in achieving these objectives.
Japan Outdoor LED Lighting Market Trends
Construction of new stadiums and installation of LED lights to drive the growth of the market
- The number of stadiums segment is expected to witness growth from 105 units in 2022 to 128 units in 2030, exhibiting a CAGR of 2.5%. The sports sector has undergone several changes in recent years. For instance, the Toyota Stadium in Aichi, Japan, where Signify installed its connected lighting system Interact Sports in 2019. Before the Rugby World Cup 2019 and the Tokyo Olympic Soccer matches slated for 2020, Total Light Control - TLC for LED technology was installed at the International Stadium Yokohama (Nissan Stadium) in Yokohama City, Japan. Ahead of the 2019 Rugby World Cup Japan, Signify installed LED lights in Kobe Misaki Stadium. These elements support the expansion of the LED market in the area.
- The nation is helping to build stadiums for numerous sports. For instance, work on Nagasaki Stadium City will start in 2022. The project was previously projected to cost JPY 70 billion (GBP 427.4 million or EUR 493.6 million). Still, it is now anticipated that the total cost will exceed JPY 80 billion due to changes in the planning and increased material costs. To save energy, the stadium will also have LED lighting installed. According to a contract awarded by the Japan Sport Council, a new stadium will be built in central Tokyo in 2022 to replace the Chichibunomiya Rugby Stadium. The new stadium is expected to break ground in 2024. After 2027, it will start operating. Additionally, Kanazawa Stadium will be constructed by 2023 and opened before the start of the 2024 season. These factors will drive the LED market in the coming years.
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The increasing number of households drives the growth of the LED lighting market
- The overall population of Japan was estimated to be 125.51 million in 2021. In Japan, there are 1.3 children for every woman in 2021. Around 811.6 thousand live births were registered in Japan in 2021. The market will expand due to the rise in residential space availability. Approximately 859.5 thousand home starts were started in Japan in 2022. Increased government spending, housing program subsidies, and the government's anticipated focus on major infrastructure projects will all contribute to Japan's residential market expansion, ultimately resulting in higher LED sales. Consequently, more commercial land will be purchased as a result of the drop in the price of commercial real estate, and thus, will contribute to the greater use of LEDs in coming years.
- Around 55.7 million private households existed in Japan as a whole in 2020. About 54.2% of those were nuclear families, and 38.1% were single-person households. In 2022, there were 2.2 household members on average. Japan had 4.4 rooms per home, on average. In 2021, Japan had 55.6 million homes. In the same year, the indicator showed a 0.6% year-over-year growth. The indicator increased by 8.5% from 2010 to 2021. The expansion of LEDs in Japan will be fueled by an increase in the number of households.
- Nearly 46.1% of households in Japan had at least one passenger car as of August 31, 2020. The number of newly registered motor cars in Japan fell from roughly 4.45 million the year before to about 4.2 million in 2022. Additionally, in 2022, Japan saw the registration of almost 4.2 million new cars. These registrations show that there is a growing market for LEDs in the automobile sector.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- An increasing number of households and the growing real estate industry to drive the growth of the LED market
- Rise in residential and commercial construction, smart city projects, and government campaigns promote the use of LED lights
- The market is driven by government initiatives to increase the use of energy-efficient lights and banning of batteries containing mercury and fluorescent light
- High export of LED products and increasing government policies and campaigns promote the use of LED lights
- Increasing death rate and declining birth rate are expected to hinder the growth and demand for real estate
Segment Analysis: Outdoor Lighting
Public Places Segment in Japan Outdoor LED Lighting Market
The public places segment dominates the Japan outdoor LED lighting market, commanding approximately 66% market share in 2024. This segment's prominence is driven by Japan's extensive network of airports, including 28 major and 54 regional airports, along with numerous railway stations and public infrastructure developments. The segment's growth is further bolstered by increasing travel and tourism activities, with the Japanese government gradually lifting travel restrictions and promoting tourism initiatives. Major developments include the construction of new stadiums, such as the Nagasaki Stadium City project, and the renovation of existing facilities like the Kansai International Airport (KIX) in preparation for the 2025 Osaka Expo. Additionally, the implementation of smart city initiatives and energy-saving programs by the Tokyo Metropolitan Government has accelerated the adoption of LED area lighting in public spaces, making this segment both the largest and fastest-growing, with a projected growth rate of approximately 5% from 2024 to 2029.
Remaining Segments in Outdoor Lighting
The streets and roadways segment represents another significant portion of the market, driven by Japan's extensive road network and infrastructure development initiatives. The segment benefits from various smart street LED lighting projects and government initiatives to improve road safety and energy efficiency. The implementation of intelligent street lighting systems with features like environmental monitoring and traffic volume tracking has enhanced the segment's market presence. The 'Others' category, while smaller in market share, includes specialized applications such as architectural lighting and decorative outdoor installations, contributing to the overall market diversity. These segments are supported by ongoing technological advancements and the Japanese government's commitment to sustainable urban development and energy conservation measures, which include the use of outdoor lighting controls.
Japan Outdoor LED Lighting Industry Overview
Top Companies in Japan Outdoor LED Lighting Market
The outdoor LED lighting market in Japan is characterized by continuous product innovation and strategic expansion initiatives by key players. Companies are focusing on developing advanced LED technologies with enhanced efficiency and durability, particularly for public spaces and roadway applications. Strategic moves include collaborations with local governments and infrastructure projects, especially in areas of smart city development and energy conservation. Operational agility is demonstrated through quick adaptation to changing market demands, with companies expanding their product portfolios to include smart outdoor lighting solutions and environmentally friendly options. The industry shows a strong emphasis on research and development, with manufacturers investing in new technologies like motion detection systems and connected lighting solutions. Companies are also actively participating in major infrastructure projects, including stadium lighting, airport facilities, and urban development initiatives, while maintaining their focus on energy efficiency and sustainability goals.
Market Dominated by Local Manufacturing Giants
The Japanese outdoor LED lighting market exhibits a relatively consolidated structure, dominated by well-established domestic manufacturers with strong local manufacturing capabilities and distribution networks. These companies leverage their deep understanding of local market requirements and regulations to maintain their competitive positions. The market is primarily led by large conglomerates that have diversified product portfolios extending beyond lighting solutions, allowing them to benefit from economies of scale and established brand recognition. These companies have strong research and development capabilities, enabling them to introduce innovative products tailored to local market needs.
The market shows limited merger and acquisition activity, with companies preferring organic growth strategies and strategic partnerships over acquisitions. Local players maintain their competitive edge through strong relationships with government bodies and participation in public infrastructure projects. The presence of international players is relatively limited, with most foreign companies operating through partnerships or joint ventures with local firms. This structure has created high entry barriers for new entrants, particularly in terms of establishing distribution networks and meeting local certification requirements.
Innovation and Sustainability Drive Future Success
For incumbent companies to maintain and increase their market share, focusing on technological innovation and sustainability remains crucial. Companies need to invest in developing smart lighting solutions that integrate with IoT platforms and smart city initiatives. Establishing strong partnerships with local governments and participating in urban development projects will be essential for maintaining market position. Companies must also focus on expanding their service offerings beyond product sales to include maintenance and system integration services. Building strong relationships with end-users and understanding their specific requirements will be crucial for long-term success.
For contenders looking to gain ground, focusing on niche market segments and specialized applications could provide opportunities for growth. Developing cost-effective solutions while maintaining quality standards will be crucial for competing with established players. Companies need to consider the increasing emphasis on environmental regulations and energy efficiency standards while developing their product strategies. The risk of substitution remains relatively low due to the superior efficiency and longevity of LED technology, but companies must continue innovating to maintain this advantage. Success in this market will increasingly depend on the ability to provide comprehensive lighting solutions that address both energy efficiency and smart connectivity requirements. The development of outdoor lighting solutions that cater to specific needs, such as exterior lighting systems for urban areas, will be pivotal.
Japan Outdoor LED Lighting Market Leaders
ams-OSRAM AG
Endo Lighting Corporation
Nichia Corporation
Panasonic Holdings Corporation
Toshiba Corporation
- *Disclaimer: Major Players sorted in no particular order
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Japan Outdoor LED Lighting Market News
- June 2023: The company light up the Tokyo Dome with around 400 Panasonic LED floodlights, 2KW equivalent. In March 2017, 300 LED floodlights installed in the infield.
- August 2022: The company light up semi-ghost town in japan under the ‘Yabitsu Light Up Project’.
- December 2020: The Panasonic Life Solutions Company provided cooperation in the development of the security lighting. In January 2020, the company produced the security lighting product to clear the IDA's strict standards.
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We provide a complimentary and exhaustive set of data points on the country and regional level metrics that present the fundamental structure of the industry. Presented in the form of 40+ free charts, the sections cover difficult to find data on various countries on Automotive Production, Lighting Electricity Consumption, Road Network, Number of Stadiums, Number of Charging Stations among others.
Japan Outdoor LED Lighting Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Population
- 4.2 Per Capita Income
- 4.3 Total Import Of Leds
- 4.4 Lighting Electricity Consumption
- 4.5 # Of Households
- 4.6 Led Penetration
- 4.7 # Of Stadiums
- 4.8 Regulatory Framework
- 4.8.1 Japan
- 4.9 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
- 5.1 Outdoor Lighting
- 5.1.1 Public Places
- 5.1.2 Streets and Roadways
- 5.1.3 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
- 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
- 6.4.1 ams-OSRAM AG
- 6.4.2 Endo Lighting Corporation
- 6.4.3 Japan Street Light Mfg. Co., Ltd.
- 6.4.4 Lumileds Holding B.V.
- 6.4.5 Nichia Corporation
- 6.4.6 NVC INTERNATIONAL HOLDINGS LIMITED
- 6.4.7 Panasonic Holdings Corporation
- 6.4.8 Signify Holding (Philips)
- 6.4.9 Takasho Digitec Co. Ltd
- 6.4.10 Toshiba Corporation
7. KEY STRATEGIC QUESTIONS FOR LED CEOS
8. APPENDIX
- 8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
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List of Tables & Figures
- Figure 1:
- HUMAN POPULATION IN MILLION, NUMBERS, JAPAN, 2017 - 2030
- Figure 2:
- PER CAPITA INCOME, USD, JAPAN, 2017 - 2030
- Figure 3:
- VALUE OF LED IMPORTS, USD MILLION, JAPAN, 2017 - 2030
- Figure 4:
- CONSUMPTION OF ELECTRICITY FOR LIGHTING, TWH, JAPAN, 2017 - 2030
- Figure 5:
- COUNT OF HOUSEHOLDS, MILLION, JAPAN, 2017 - 2030
- Figure 6:
- LED PENETRATION, %, JAPAN, 2017 - 2030
- Figure 7:
- COUNT OF STADIUMS, NUMBER, JAPAN, 2017 - 2030
- Figure 8:
- VOLUME SALES OF JAPAN OUTDOOR LED LIGHTING MARKET, NUMBER, JAPAN, 2017 - 2030
- Figure 9:
- VALUE SALES OF JAPAN OUTDOOR LED LIGHTING MARKET, USD, JAPAN, 2017 - 2030
- Figure 10:
- VOLUME SALES OF LED FIXTURES BY OUTDOOR LIGHTING, NUMBER, JAPAN, 2017 - 2030
- Figure 11:
- VALUE SALES OF LED FIXTURES BY OUTDOOR LIGHTING, USD, JAPAN, 2017 - 2030
- Figure 12:
- VALUE SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, JAPAN, 2017 - 2030
- Figure 13:
- VOLUME SHARE OF LED FIXTURES BY OUTDOOR LIGHTING, %, JAPAN, 2017 - 2030
- Figure 14:
- VOLUME SALES OF LED FIXTURES IN PUBLIC PLACES, NUMBER, JAPAN, 2017 - 2030
- Figure 15:
- VALUE SALES OF LED FIXTURES IN PUBLIC PLACES, USD, JAPAN, 2017 - 2030
- Figure 16:
- VOLUME SALES OF LED FIXTURES IN STREETS AND ROADWAYS, NUMBER, JAPAN, 2017 - 2030
- Figure 17:
- VALUE SALES OF LED FIXTURES IN STREETS AND ROADWAYS, USD, JAPAN, 2017 - 2030
- Figure 18:
- VOLUME SALES OF LED FIXTURES IN OTHERS, NUMBER, JAPAN, 2017 - 2030
- Figure 19:
- VALUE SALES OF LED FIXTURES IN OTHERS, USD, JAPAN, 2017 - 2030
- Figure 20:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, JAPAN, 2017 - 2030
- Figure 21:
- MOST ADOPTED STRATEGIES, COUNT, JAPAN, 2017 - 2030
- Figure 22:
- VALUE SHARE OF MAJOR PLAYERS, %, JAPAN
Japan Outdoor LED Lighting Industry Segmentation
Public Places, Streets and Roadways, Others are covered as segments by Outdoor Lighting.| Outdoor Lighting | Public Places |
| Streets and Roadways | |
| Others |
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Market Definition
- INDOOR LIGHTING - It incorporates all LED based lamps and fixtures/luminaire that are used to illuminate indoor section of residential, commercial, industrial buildings and agricultural lighting. LED offers efficient brightness with higher durability in comparison to other lighting technology.
- OUTDOOR LIGHTING - It incorporates the LED lighting fixtures that is used for illumination for exterior/outdoor illumination. For instance, LED lighting fixtures used to illuminate streets and highways, transport hubs, stadiums and other public places such as parking spaces.
- AUTOMOTIVE LIGHTING - It refers to the lighting fixtures installed for illumination and signaling purposes. It is used in both exterior and interior lighting of the vehicle. Headlamps, fog lamp, daytime running light (DRLs) are examples of exterior light whereas cabin light are interior lights.
- END USER - It refers to the end use application area where the LED fixture will be installed. For instance, in terms of indoor lighting, we have residential, commercial and industrial as end user category. For automotive lighting, primary end user considered are automotive manufacturers and aftermarket sale
| Keyword | Definition |
|---|---|
| Lumen | Lumen is a unit of luminous flux in the International System of Units that is equal to the amount of light given out through a solid angle by a source of one-candela intensity radiating equally in all directions. |
| Footcandle | A foot-candle (or foot-candle, fc, lm/ft2, or ft-c) is a measurement of light intensity. One foot-candle is defined as enough light to saturate a one-foot square with one lumen of light. |
| Colour Rendering Index (CRI) | Color Rendering Index (CRI) is a measurement of how natural colors render under an artificial white light source when compared with sunlight. The index is measured from 0-100, with a perfect 100 indicating that colors of objects under the light source appear the same as they would under natural sunlight. |
| Luminous flux | Luminous flux is a measure of the power of visible light produced by a light source or light fitting. It is measured in lumens (lm). |
| Annual Energy Cost | Annual Energy Cost means the average daily energy consumption multiplied by 365 (days per year), expressed in kilowatt hour per year (kWh/a). |
| Constant voltage drivers | Constant voltage drivers are designed for a single direct current (DC) output voltage. Most common constant voltage drivers (or Power Supplies) are 12VDC or 24VDC. An LED light that is rated for constant voltage usually specifies the amount of input voltage it needs to operate correctly. |
| Constant Current Driver | Constant current LED drivers are designed for a designated range of output voltages and a fixed output current (mA). LEDs that are rated to operate on a constant current driver require a designated supply of current usually specified in milliamps (mA) or amps (A). These drivers vary the voltage along an electronic circuit which allows current to remain constant throughout the LED system. |
| Minimum Energy Performance Standards (MEPS) | Minimum Energy Performance Standards specify the minimum level of energy performance that appliances and equipment must meet or exceed before they can supply or used for commercial purposes. |
| Luminous Efficacy | Luminous efficacy is a measurement commonly used in the lighting industry that indicates the ability of a light source to emit visible light using a given amount of power. |
| Solid State Lighting | Solid-state lighting (SSL) is a type of lighting that uses semiconductor light-emitting diodes (LEDs), organic light-emitting diodes (OLED), or polymer light-emitting diodes (PLED) as sources of illumination rather than electrical filaments, plasma (used in arc lamps such as fluorescent lamps), or gas. |
| Rated Lamp Life | Lamp life, also referred to as rated life, is the time in hours a lamp will last before a percentage of lamps will burn out. |
| Color Temperature | Colour temperature is a scale that measures how ‘warm’ (yellow) or ‘cool’ (blue) the light from a particular source is. It is measured in degrees of the Kelvin scale (abbreviated to K), and the higher the number, the ‘cooler’ the light. The lower the ‘K’ number, the ‘warmer’ the light. |
| Ingress Protection rating (IP rating) | The IP (Ingress Protection) rating of a bulb or light fixture declares the level of protection it has against dirt and water. |
| Fidelity Index | The general colour fidelity index, Rf, represents how closely the colour appearances of the entire sample set are reproduced (rendered) on average by a test light as compared to those under a reference illuminant. |
| Gamut Index | The gamut area is defined as “the area enclosed by a set of test color samples illuminated by a light source, in a two-dimensional chromaticity diagram or a plane of color space.”1 Within a defined color space, a “gamut” describes the subset of colors that can be perceived under specific lighting conditions. |
| Binning | In the lighting industry, the act of "binning" of LEDs is the process of sorting LEDs by certain characteristics, such as color, voltage, and brightness. |
| Accent lighting | Accent lighting, also called highlighting, emphasizes objects by focusing light directly on them. Accent lighting is used inside and outside the home to feature locations such as an entrance or to create dramatic effects. |
| Dimmable driver | A dimming driver has two functions: As a driver, it converts the 230V AC mains input to a low voltage DC output. As a dimmer, it reduces the amount of electrical energy flowing to the LEDs, thereby causing them to dim. |
| Flicker | Flicker is the repeated and frequent variation in the output of a light source over time. |
| Fluorescent | A property of materials defined as the ability to emit light after absorbing electromagnetic radiation such as visible or UV light. |
| Candela | The candela is the unit of luminous intensity in the International System of Units. It measures the light output per unit solid angle emitted from a light source in a specific direction. |
| LUX | Lux is used to measure the amount of light output in a given area - one lux is equal to one lumen per square meter. It enables us to measure the total "amount" of visible light present and the intensity of the illumination on a surface. |
| Uniformity (U0) | The uniformity of lighting has significant effects on visual performance in both indoor and outdoor areas. Uniformity (represented as U0) value can be found by dividing the minimum brightness (Emin) resulting from calculations according to the current lighting order, to the average brightness value (Eavg). |
| Visible Light Spectrum | The visible light spectrum is the segment of the electromagnetic spectrum that the human eye can view. More simply, this range of wavelengths is called visible light. Typically, the human eye can detect wavelengths from 380 to 700 nanometers. |
| Ambient Temperature | Ambient Temperature is the temperature of the air surrounding an electrical enclosure. |
| Current-controlled dimming control | Current-controlled dimming controls LED brightness by varying the applied current using a 0-10V dimmer. Current-controlled dimming is smooth and HD-video friendly. It can only dim to a minimum of 5% of light output. |
| Design Light Consortium | It is a partnership of energy efficiency stakeholders in the United States and Canada to “promote quality, performance and energy efficient lighting solutions for the commercial sector”. |
| Pulse Width Modulation | Pulse-width modulation, or pulse-duration modulation, is a method of controlling the average power delivered by an electrical signal. |
| Surface Mounted Device | A surface mount device (SMD) is an electronic device whose components are mounted or placed directly on the surface of a printed circuit board. |
| Alternating Current | Alternating current is an electric current which periodically reverses direction and changes its magnitude continuously with time, in contrast to direct current, which flows only in one direction. |
| Direct Current | Direct current (DC) is an electric current that is uni-directional, so the flow of charge is always in the same direction. |
| Beam Angle | Beam angle (also called beam spread) is a measure of how light is distributed. On any plane perpendicular to the centerline of the light, the beam angle is the angle between two rays where the light intensity is 50% of the maximum light intensity. |
| LED Based Solar High Mast Lighting Systems | A Solar LED High Mast Light is a raised source of High illumination lights (6~8 lights) and with high intensity on the middle of major junctions (Ring roads, Outer Ring roads), turned on or lit automatically in the absence of light (at specified timings or at periodic times, every night). |
| Surface Mounted Diode (SMD) LEDs | A surface mount diode is a type that emits light and is flat mounted and soldered onto a circuit board. |
| Chip on Board (COB) LEDs | A COB LED is basically multiple LED chips (usually 9 or more) glued directly onto a substrate by the manufacturer to form a single module. |
| Dual In-Line Package (DIP) LEDs | A dual in-line package (DIP or DIL) is an electronic component package with a rectangular case and two parallel rows of electrical connector pins. |
| Graphene LED Lights | A graphene LED light bulb is simply an LED light bulb where the filament has been coated in graphene. A graphene LED bulb is reported to be 10% more efficient than regular LED light bulbs and they are cheaper to manufacture and buy. |
| LED Corn Bulbs | LED Corn lights are designed as an energy efficient alternative to high intensity discharge (HID) and SON lamps. It uses a large number of LEDs on a metal structure to provide sufficient light. This arrangement of LEDs looks a lot like a corn cob, hence the name "corn light". |
| Per Capita Income | Per capita income or total income measures the average income earned per person in a given area in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size. |
| Charging Stations | A charging station, also known as a charging station or electric vehicle utility, is a power supply that provides electrical energy for charging plug-in electric vehicles. |
| Headlight | A headlight is a light that is mounted on the front of a car and illuminates the road in front of it. Low beam and high beam LED headlights are additional categories for these LED headlights. |
| Day Time Running Light (DRLs) | A daytime running lamp is a white, yellow, or amber lighting device mounted on the front of a road-going motor vehicle or bicycle. |
| Directional Signal Light | Directional signal lights are the front and rear lights on an automobile that flash to show the direction of a turn. |
| Stop Light | A red light that is mounted to the back of a car and turns on when the brakes are used to show that the car is stopped. |
| Reverse Light | The reverse light is at the back of the vehicle to indicate its backward motion. |
| Tail Light | A red light that can be seen in the dark is mounted on the rear of a road vehicle. Stop, reverse, and directional signal lights are all part of it. |
| Fog Light | Bright lights in automobiles used to increase visibility on the road in foggy conditions or to warn other drivers of the presence of the vehicle. |
| Passenger Vehicle | A passenger vehicle is a road vehicle, other than a moped or a motorcycle, intended for the transportation of people and designed for up to 8 to 9 seats. |
| Commercial Vehicle | A commercial vehicle (Bus, Truck, Van) is any type of motor vehicle used to transport goods or pay passengers. |
| Two Wheelers (2W) | A two-wheeler is a vehicle that runs on two wheels. |
| Streets & Roadways | Both roads and streets refer to hard, flat surfaces on the ground on which vehicles, people, and animals can travel. Since streetways are usually in cities and towns, they often have houses and buildings on both sides. The roadway is in the countryside and sometimes passes through forests and fields |
| Horticulture Lighting | Horticulture is the science and art of sustainably growing, producing, marketing and using high quality, intensively cultivated food and ornamental plants. |
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Research Methodology
Mordor Intelligence has followed the following methodology in all our data center reports.
- Step 1: Raw Data Collection: To understand the market, initially, all crtical data points were identified. Critical information about countries and regions of interest including Per-capita Income, Population, Automotive Production, Interest rate on Auto-Loans, Number of Automobiles on Road, Total LED Import, Lighting Electricity Consumption among others were recorded or estimated based on internal calculations.
- Step 2: Identify Key Variables: To build a robust forecasting model, key variables such as Number of Households, Automotive Production, Road Networks among others were identified. Through an iterative process, the variables required for the market forecast were set, and the model was built using these variables.
- Step 3: Build a Market Model: Based on data and critical industry trend data (variables), including LED pricing, LED penetration rate, and project macro and micor economic factors were utilized for building the market forecasting.
- Step 4: Validate and Finalize: In this crucial step, all market numbers and variables derived through an internal mathematical model were validated through an extensive network of primary research experts from all the markets studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step 5: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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