The North America Automotive LED Lighting Market would witness market growth of 6.5% CAGR during the forecast period (2023-2029).
From two-wheelers to four-wheelers, these are being consumed more and more. It is becoming more and more popular every day. It is divided into different categories based on the location of the vehicle. It can be mounted inside the car and on the side, front, and back. The productivity of the entire plant is increased with LED illumination. LED lighting may save time and money, generate business intelligence data, eliminate waste and redundancies, and improve factory operations by integrating with industrial automation systems.
There have been many complaints about poor visibility on the roadways, especially at night when it is difficult to see other cars coming up behind. Unfortunately, fatal vehicle accidents occur at night in over half of the cases. Additionally, due to the great visibility obtained from the vehicle LED lighting in the headlights, users of LED lighting in automobiles can now experience a safer motoring experience. Moreover, because they are more energy-efficient and have longer life cycles than traditional HID lights, the market for automotive LED lighting is expected to rise strongly over the next years.
The demand for commercial vehicles is increasing across North America. The reason for this is the increasing requirement for long-distance operations in fleet management. Additionally, various laws related to carbon emissions are being passed by local governments. To reduce carbon emissions, local manufacturers are incorporating the same technology into buses & commercial vehicles. For instance, a long duty cycle or fuel efficiency improvement has previously been applied to trucks used for long-distance hauling.
The US market dominated the North America Automotive LED Lighting Market by Country in 2022; thereby, achieving a market value of $4,785.2 million by 2029. The Canada market is poised to grow at a CAGR of 8.9% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Automotive LED Lighting Market, by Position
1.4.2 North America Automotive LED Lighting Market, by Sales Channel
1.4.3 North America Automotive LED Lighting Market, by Vehicle Type
1.4.4 North America Automotive LED Lighting Market, by Propulsion Type
1.4.5 North America Automotive LED Lighting Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Recent Strategies Deployed in Automotive LED Lighting Market
Chapter 4. North America Automotive LED Lighting Market by Position
4.1 North America Rear Market by Country
4.2 North America Front Market by Country
4.3 North America Side Market by Country
4.4 North America Interior Market by Country
Chapter 5. North America Automotive LED Lighting Market by Sales Channel
5.1 North America OEM Market by Country
5.2 North America Aftermarket Market by Country
Chapter 6. North America Automotive LED Lighting Market by Vehicle Type
6.1 North America Passenger Car Market by Country
6.2 North America Commercial Vehicle Market by Country
Chapter 7. North America Automotive LED Lighting Market by Propulsion Type
7.1 North America ICE Market by Country
7.2 North America Electric Market by Country
7.3 North America Others Market by Country
Chapter 8. North America Automotive LED Lighting Market by Country
8.1 US Automotive LED Lighting Market
8.1.1 US Automotive LED Lighting Market by Position
8.1.2 US Automotive LED Lighting Market by Sales Channel
8.1.3 US Automotive LED Lighting Market by Vehicle Type
8.1.4 US Automotive LED Lighting Market by Propulsion Type
8.2 Canada Automotive LED Lighting Market
8.2.1 Canada Automotive LED Lighting Market by Position
8.2.2 Canada Automotive LED Lighting Market by Sales Channel
8.2.3 Canada Automotive LED Lighting Market by Vehicle Type
8.2.4 Canada Automotive LED Lighting Market by Propulsion Type
8.3 Mexico Automotive LED Lighting Market
8.3.1 Mexico Automotive LED Lighting Market by Position
8.3.2 Mexico Automotive LED Lighting Market by Sales Channel
8.3.3 Mexico Automotive LED Lighting Market by Vehicle Type
8.3.4 Mexico Automotive LED Lighting Market by Propulsion Type
8.4 Rest of North America Automotive LED Lighting Market
8.4.1 Rest of North America Automotive LED Lighting Market by Position
8.4.2 Rest of North America Automotive LED Lighting Market by Sales Channel
8.4.3 Rest of North America Automotive LED Lighting Market by Vehicle Type
8.4.4 Rest of North America Automotive LED Lighting Market by Propulsion Type
Chapter 9. Company Profiles
9.1 NXP Semiconductors N.V.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 SWOT Analysis
9.2 Robert Bosch GmbH
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 Valeo SA
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.4 OSRAM GmbH (AMS AG)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.5 Grupo Antolin-Irausa, S.A.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.6 HELLA GmbH & Co. KGaA
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.7 Aptiv PLC
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.8 Denso Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expense
9.9 Hyundai Mobis Co., Ltd.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.10. Koninklijke Philips N.V.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
TABLE 1 North America Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 2 North America Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 3 North America Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 4 North America Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 5 North America Rear Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Rear Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Front Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Front Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Side Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Side Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Interior Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Interior Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 14 North America Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 15 North America OEM Market by Country, 2019 - 2022, USD Million
TABLE 16 North America OEM Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Aftermarket Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Aftermarket Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 20 North America Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 21 North America Passenger Car Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Passenger Car Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Commercial Vehicle Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Commercial Vehicle Market by Country, 2023 - 2029, USD Million
TABLE 25 North America Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 26 North America Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 27 North America ICE Market by Country, 2019 - 2022, USD Million
TABLE 28 North America ICE Market by Country, 2023 - 2029, USD Million
TABLE 29 North America Electric Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Electric Market by Country, 2023 - 2029, USD Million
TABLE 31 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Automotive LED Lighting Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Automotive LED Lighting Market by Country, 2023 - 2029, USD Million
TABLE 35 US Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 36 US Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 37 US Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 38 US Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 39 US Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 40 US Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 41 US Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 42 US Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 43 US Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 44 US Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 45 Canada Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 46 Canada Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 47 Canada Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 48 Canada Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 49 Canada Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 50 Canada Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 51 Canada Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 52 Canada Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 53 Canada Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 54 Canada Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 55 Mexico Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 56 Mexico Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 57 Mexico Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 58 Mexico Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 59 Mexico Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 60 Mexico Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 61 Mexico Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 62 Mexico Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 63 Mexico Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 64 Mexico Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 65 Rest of North America Automotive LED Lighting Market, 2019 - 2022, USD Million
TABLE 66 Rest of North America Automotive LED Lighting Market, 2023 - 2029, USD Million
TABLE 67 Rest of North America Automotive LED Lighting Market by Position, 2019 - 2022, USD Million
TABLE 68 Rest of North America Automotive LED Lighting Market by Position, 2023 - 2029, USD Million
TABLE 69 Rest of North America Automotive LED Lighting Market by Sales Channel, 2019 - 2022, USD Million
TABLE 70 Rest of North America Automotive LED Lighting Market by Sales Channel, 2023 - 2029, USD Million
TABLE 71 Rest of North America Automotive LED Lighting Market by Vehicle Type, 2019 - 2022, USD Million
TABLE 72 Rest of North America Automotive LED Lighting Market by Vehicle Type, 2023 - 2029, USD Million
TABLE 73 Rest of North America Automotive LED Lighting Market by Propulsion Type, 2019 - 2022, USD Million
TABLE 74 Rest of North America Automotive LED Lighting Market by Propulsion Type, 2023 - 2029, USD Million
TABLE 75 Key Information – NXP Semiconductors N.V.
TABLE 76 key information – Robert Bosch GmbH
TABLE 77 key information – Valeo SA
TABLE 78 Key Information – OSRAM GmbH
TABLE 79 Key Information – Grupo Antolin-Irausa, S.A.
TABLE 80 key information – HELLA GmbH & Co. KGaA
TABLE 81 Key Information – Aptiv PLC
TABLE 82 key information – Denso Corporation
TABLE 83 Key Information – Hyundai Mobis Co., Ltd.
TABLE 84 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