The Latin America, Middle East and Africa Automotive LED Lighting Market would witness market growth of 10.2% CAGR during the forecast period (2023-2029).
Increasing lighting requirements for greater safety and visibility due to market growth is one of the main reasons fuelling the market's expansion. The market for automotive LED lighting is expanding due to the increased production of LED lights, which use less electricity and have a longer lifespan than previous types of lights. In addition, the market for automotive LED lighting is growing due to the rising acceptance of new technology.
Because they are more energy-efficient, durable, and adaptable than conventional lights like halogen and xenon, LED lights are being used in more and more vehicle applications. Brake lights, side lamps, reading lights, and marker lamps all use them. Due to the greater visibility, they offer, the use of LED lights in automobiles has significantly improved road safety. Drivers may be better able to identify potential risks due to greater visibility, which lowers the risk of accidents. Additionally, LED lights use less energy, which may contribute to a car's battery last longer. They are also renowned for their dependability, longevity, and color possibilities, which give automakers and owners of the vehicles design flexibility.
The LAMEA region's automotive industry is one of the key pillars of the UAE's economic expansion. The sector, which is currently one of the Gulf Cooperation Council's (GCC) automotive sectors, is essential to the economy as the nation looks to the future. The UAE government is putting a lot of effort into growing the automotive industry, which shows it wants to leverage this sector to help the nation's economy grow. As Dubai enters a new era of growth, it is projected to establish itself as the region's main automotive hub, growing through the export and re-export of vehicles to the Middle East.
The Brazil market dominated the LAMEA Automotive LED Lighting Market by Country in 2022; thereby, achieving a market value of $485.9 million by 2029. The Argentina market is anticipated to grow at a CAGR of 10.8% during (2023 - 2029). Additionally, The UAE market would experience a CAGR of 9.9% during (2023 - 2029).
Based on Position, the market is segmented into Rear, Front, Side, and Interior. Based on 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 3 LAMEA Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 4 LAMEA Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 5 LAMEA Rear Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Rear Market by Country, 2023 - 2029, USD Million
TABLE 7 LAMEA Front Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Front Market by Country, 2023 - 2029, USD Million
TABLE 9 LAMEA Side Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Side Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Interior Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Interior Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 14 LAMEA Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 15 LAMEA OEM Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA OEM Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Aftermarket Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Aftermarket Market by Country, 2023 - 2029, USD Million
TABLE 19 LAMEA Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 20 LAMEA Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 21 LAMEA Passenger Car Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Passenger Car Market by Country, 2023 - 2029, USD Million
TABLE 23 LAMEA Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Commercial Vehicle Market by Country, 2023 - 2029, USD Million
TABLE 25 LAMEA Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 26 LAMEA Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 27 LAMEA ICE Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA ICE Market by Country, 2023 - 2029, USD Million
TABLE 29 LAMEA Electric Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Electric Market by Country, 2023 - 2029, USD Million
TABLE 31 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 33 LAMEA Automotive LED Lighting Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Automotive LED Lighting Market by Country, 2023 - 2029, USD Million
TABLE 35 Brazil Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 36 Brazil Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 37 Brazil Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 38 Brazil Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 39 Brazil Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 40 Brazil Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 41 Brazil Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 42 Brazil Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 43 Brazil Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 44 Brazil Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 45 Argentina Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 46 Argentina Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 47 Argentina Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 48 Argentina Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 49 Argentina Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 50 Argentina Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 51 Argentina Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 52 Argentina Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 53 Argentina Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 54 Argentina Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 55 UAE Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 56 UAE Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 57 UAE Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 58 UAE Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 59 UAE Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 60 UAE Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 61 UAE Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 62 UAE Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 63 UAE Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 64 UAE Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 65 Saudi Arabia Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 67 Saudi Arabia Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 69 Saudi Arabia Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 70 Saudi Arabia Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 71 Saudi Arabia Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 72 Saudi Arabia Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 73 Saudi Arabia Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 74 Saudi Arabia Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 75 South Africa Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 76 South Africa Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 77 South Africa Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 78 South Africa Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 79 South Africa Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 80 South Africa Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 81 South Africa Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 82 South Africa Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 83 South Africa Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 84 South Africa Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 85 Nigeria Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 86 Nigeria Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 87 Nigeria Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 88 Nigeria Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 89 Nigeria Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 90 Nigeria Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 91 Nigeria Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 92 Nigeria Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 93 Nigeria Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 94 Nigeria Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 95 Rest of LAMEA Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 96 Rest of LAMEA Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 97 Rest of LAMEA Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 98 Rest of LAMEA Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 99 Rest of LAMEA Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 100 Rest of LAMEA Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 101 Rest of LAMEA Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 102 Rest of LAMEA Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 103 Rest of LAMEA Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 104 Rest of LAMEA 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