The Europe Automotive LED Lighting Market would witness market growth of 6.3% CAGR during the forecast period (2023-2029).
Due to their many advantages and extensive use, LED lights are often the best option for car illumination. Due to its advantages over conventional lighting, including longer lifespan, directed light, smaller size, and reduced energy consumption, LED lighting has been included in all major automakers' vehicles. As a result, automotive LED lighting is expected to continue being the market's fastest-growing technology as LED lighting has quickly gained acceptance within the sector. As LED illumination for automobiles continues to progress and adopt new technologies, it is quickly becoming the manufacturer's first choice for lighting, both for its efficiency and appealing appearance.
To keep vehicles safer on the road, particularly in places with high traffic volumes, automotive illumination restrictions have been placed. This greater emphasis on safety has stimulated innovation and development in the automotive LED lighting market and will keep propelling market expansion in the future. Since the manufacture of LED lights is growing, and they use less electricity and have a longer lifespan than halogen or HID lights, automakers are interested in incorporating them into their vehicles. Aside from superior light-emitting diodes, LED lights exceed all other lighting technologies in toughness and longevity. The automotive LED lighting market is growing due to the rising acceptance of new technology.
For Europe's economy to grow, the car industry must expand. 2.6 million workers, or 8.5% of all manufacturing jobs in the EU, are employed in the automotive sector. In addition, many of the top automakers in the world have their headquarters in the EU. In terms of private R&D spending, the automobile sector is the greatest. The European Commission advocates for technical concord and funds R&D to increase its competitiveness and maintain its technology leadership.
The Germany market dominated the Europe Automotive LED Lighting Market by Country in 2022; thereby, achieving a market value of $1,620.6 million by 2029. The UK market is experiencing a CAGR of 5.4% during (2023 - 2029). Additionally, The France market would witness a CAGR of 7.1% during (2023 - 2029).
Based on Position, the market is segmented into Rear, Front, Side, and Interior. Based on the Sales Channel, the market is segmented into OEM and Aftermarket. Based on Vehicle Type, the market is segmented into Passenger Car and Commercial Vehicle. Based on Propulsion Type, the market is segmented into ICE, Electric and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Automotive LED Lighting Market is Projected to reach USD 24.9 Billion by 2029, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NXP Semiconductors N.V., Robert Bosch GmbH, Valeo SA, OSRAM GmbH (AMS AG), Grupo Antolin-Irausa, S.A., HELLA GmbH & Co. KGaA, Aptiv PLC, Denso Corporation, Hyundai Mobis Co., Ltd., and Koninklijke Philips N.V.
Scope of the Study
Market Segments Covered in the Report:
By Position
By Sales Channel
By Vehicle Type
- Passenger Car
- Commercial Vehicle
By Propulsion Type
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Valeo SA
- OSRAM GmbH (AMS AG)
- Grupo Antolin-Irausa, S.A.
- HELLA GmbH & Co. KGaA
- Aptiv PLC
- Denso Corporation
- Hyundai Mobis Co., Ltd.
- Koninklijke Philips N.V.
TABLE 1 Europe Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 2 Europe Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 3 Europe Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 4 Europe Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 5 Europe Rear Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Rear Market by Country, 2023 - 2029, USD Million
TABLE 7 Europe Front Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Front Market by Country, 2023 - 2029, USD Million
TABLE 9 Europe Side Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Side Market by Country, 2023 - 2029, USD Million
TABLE 11 Europe Interior Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Interior Market by Country, 2023 - 2029, USD Million
TABLE 13 Europe Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 14 Europe Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 15 Europe OEM Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe OEM Market by Country, 2023 - 2029, USD Million
TABLE 17 Europe Aftermarket Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Aftermarket Market by Country, 2023 - 2029, USD Million
TABLE 19 Europe Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 20 Europe Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 21 Europe Passenger Car Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Passenger Car Market by Country, 2023 - 2029, USD Million
TABLE 23 Europe Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe Commercial Vehicle Market by Country, 2023 - 2029, USD Million
TABLE 25 Europe Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 26 Europe Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 27 Europe ICE Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe ICE Market by Country, 2023 - 2029, USD Million
TABLE 29 Europe Electric Market by Country, 2019 - 2022, USD Million
TABLE 30 Europe Electric Market by Country, 2023 - 2029, USD Million
TABLE 31 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 32 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 33 Europe Automotive LED Lighting Market by Country, 2019 - 2022, USD Million
TABLE 34 Europe Automotive LED Lighting Market by Country, 2023 - 2029, USD Million
TABLE 35 Germany Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 36 Germany Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 37 Germany Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 38 Germany Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 39 Germany Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 40 Germany Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 41 Germany Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 42 Germany Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 43 Germany Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 44 Germany Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 45 UK Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 46 UK Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 47 UK Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 48 UK Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 49 UK Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 50 UK Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 51 UK Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 52 UK Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 53 UK Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 54 UK Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 55 France Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 56 France Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 57 France Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 58 France Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 59 France Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 60 France Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 61 France Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 62 France Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 63 France Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 64 France Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 65 Russia Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 66 Russia Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 67 Russia Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 68 Russia Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 69 Russia Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 70 Russia Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 71 Russia Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 72 Russia Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 73 Russia Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 74 Russia Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 75 Spain Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 76 Spain Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 77 Spain Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 78 Spain Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 79 Spain Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 80 Spain Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 81 Spain Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 82 Spain Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 83 Spain Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 84 Spain Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 85 Italy Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 86 Italy Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 87 Italy Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 88 Italy Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 89 Italy Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 90 Italy Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 91 Italy Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 92 Italy Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 93 Italy Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 94 Italy Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 95 Rest of Europe Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 96 Rest of Europe Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 97 Rest of Europe Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 98 Rest of Europe Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 99 Rest of Europe Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 100 Rest of Europe Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 101 Rest of Europe Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 102 Rest of Europe Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 103 Rest of Europe Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 104 Rest of Europe Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 105 Key Information – NXP Semiconductors N.V.
TABLE 106 key information – Robert Bosch GmbH
TABLE 107 key information – Valeo SA
TABLE 108 Key Information – OSRAM GmbH
TABLE 109 Key Information – Grupo Antolin-Irausa, S.A.
TABLE 110 key information – HELLA GmbH & Co. KGaA
TABLE 111 Key Information – Aptiv PLC
TABLE 112 key information – Denso Corporation
TABLE 113 Key Information – Hyundai Mobis Co., Ltd.
TABLE 114 Key Information – Koninklijke Philips N.V.
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: NXP semiconductors N.V.
FIG 3 Swot analysis: Robert Bosch GmbH