India Automotive LED Market is expected to grow at a CAGR of 5.9% during the forecast period and is expected to reach US$ 4.15 Bn by 2027. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report Lighting is a dynamic component in automotive vehicles, playing an important role in automotive safety. Lighting system includes lighting and signaling devices, which are placed at different locations such as front, rear, side, and interiors. Lighting provides clarification for the driver and helps other vehicle drivers and walking persons on the road to detect the vehicle’s position, direction of movement, and size. It also improves the visuals to both interior and exterior parts of vehicle. Based on technology, market is segmented into Halogen, Xenon, and LED. Usually, halogen, being a low cost and easily available technology, it was majorly used lighting technology. Halogen considered in highest revenue generation in 2018, and expected to continue to dominate during forecast period. Appearance of LED lights may witness an increased demand due to their low power consumption, longer life, and compact size. During forecast period, LED technology is estimated to establish one-third of the total automotive lighting market, growing at the xx% CAGR. Decreasing cost of LED lights is expected to further fuel its market growth. Being energy-efficient, lightweight, and having a small footprint are the new tendency in the automotive lighting sector. And this is possible due to recent technical innovations in the LED space. Rising number of road accidents during bad weather conditions and night are the major concern among vehicle drivers. This has increased the demand for reliable and brightened automotive lights. So that, growing prominence over enhanced road safety through high-performance automotive lights has created need to develop advanced lights providing better clarification in the darkness. Most of the companies are focusing to introduce advanced LED lighting solutions as well as increasing their presence in growing automotive markets, with India being key focus area. Operational costs are considerably lower in the country and coupled with fast growing disposable incomes, it present a productive market for automotive LED lighting. Manufacturers in the country could provide not only to domestic demand but also to export markets.
Many leading manufacturers of advanced lighting solutions for the automotive industry have set up new plants in India in year of 2014-15. This is because most LED lighting modules use nominal power, which has a positive impact on a vehicle’s fuel efficiency and reduces its CO2 radiations. With ever-increasing fuel prices, fuel-efficient LED headlights are sure to attract the buyer’s attention. Leading players are concentrating on developing innovative systems with cost-effective solutions. Expansion of LEDs in automotive lighting systems are expected to have a higher potential, with perfections in LED modules, and many more new technologies are arriving to the market, like organic LEDs (OLEDs) producing homogenous light. One of the largest market players, Osram has recently announced its new flexible OLED for automotive lighting systems. The above-mentioned factors might contribute to the expansion of automotive LED light market.
The objective of the report is to present a comprehensive analysis of the India Automotive LED Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors in the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding India Automotive LED Market dynamics, structure by analyzing the market segments and project the India Automotive LED Market size. Clear representation of competitive analysis of key players by End-User Industry, price, financial position, Product portfolio, growth strategies, and regional presence in the India Automotive LED Market make the report investor’s guide.
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India Automotive LED Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.94 Bn. Forecast Period 2022 to 2027 CAGR: 5.9% Market Size in 2027: US $ 4.15 Bn. Segments Covered: by Technology • Halogen • Xenon • LED by Vehicle Type • Original Equipment Manufacturer (OEM) Product • Aftermarket Product by Sales Channel Type • Passenger Vehicles • Commercial Vehicles • Two-Wheelers • Three-Wheelers • Tractors by Application • Front Lighting • Rear Lighting • Side Lighting • Interior Lighting • Fog Lamps India Automotive LED Market, by Region
• North India • West India • South India • East IndiaIndia Automotive LED Market Key Players:
• Koninklijke Philips N.V. • Phoenix Lamps Limited • Lumax Industries Limited • Osram Licht AG • GE Lighting • Magneti Marelli S.p.A. • Koito Manufacturing Co. Ltd. • Hella KGaA Hueck & Co. • Valeo • Neolite ZKW Lightings Pvt. Ltd. • AGS tools & components • Hesham Industrial Solutions Frequently Asked Questions: 1. Which region from India has the largest share in India Automotive LED Market? Ans: North India region holds the highest share in 2021. 2. What is the growth rate of India Automotive LED Market? Ans: The India Automotive LED Market is growing at a CAGR of 5.9% during forecasting period 2022-2027. 3. What segments are covered in India Automotive LED Market? Ans: India Automotive LED Market is segmented into Technology, vehicle type, sale channel type, Application and region. 4. Who are the key players in India Automotive LED Market? Ans: The important key players in the India Automotive LED Market are – Koninklijke Philips N.V., Phoenix Lamps Limited, Lumax Industries Limited, Osram Licht AG, GE Lighting, Magneti Marelli S.p.A., Koito Manufacturing Co. Ltd., Hella KGaA Hueck & Co., Valeo, Neolite ZKW Lightings Pvt. Ltd., AGS tools & components, and Hesham Industrial Solutions. 5. What is the study period of this market? Ans: The India Automotive LED Market is studied from 2021 to 2027.
India Automotive LED Market
1. Preface 1.1. Market Definition and Scope 1.2. Market Segmentation 1.3. Key Research Objectives 1.4. Research Highlights 2. Assumptions and Research Methodology 3. Executive Summary: India Automotive LED Market 4. Market Overview 4.1. Introduction 4.2. Key Market Indicators/definitions 4.3. Current Market & Future Potential/Emerging Propulsions 4.4. Market Dynamics 4.4.1. Drivers 4.4.2. Restraints 4.4.3. Opportunities 4.5. India Automotive LED Market Analysis and Forecasts, 2021-2027 4.5.1. India Automotive LED Market Size (Volume) 4.5.2. India Automotive LED Market Revenue ($US Bn) 4.6. Porters Five Forces Analysis 4.7. Market Outlook 4.7.1. Key Insights 1 4.7.2. Key Insights 2 4.8. Regulatory Landscape 4.9. Value Chain Analysis 4.10. Ecosystem Mapping For India Automotive LED Market 4.11. Technological road Map 4.12. List of Key Manufacturers 5. Import/Export Trade Analysis* *Either at specific product level or nearest HS code specific 6. Pricing Analysis, 2017 (Benchmarking)* 6.1. Price Comparison analysis By Technology 6.2. Price Comparison analysis By Vehicle Type 6.3. Price Comparison analysis by Sales Channel Type 6.4. Price Comparison analysis by Key Players 7. India Production Output Analysis 7.1. Installed Base Scenario 7.1.1. By Technology 7.1.2. By Vehicle Type 7.1.3. By Sales Channel Type 7.1.4. By Application 7.1.5. By Major Players 7.2. New Vs. Replacement Shipments 8. India Automotive LED Market Analysis and Forecasts, By Technology 8.1. Key Findings 8.2. Market Size (Volume) (Value) Forecast By Technology, 2021-2027 8.2.1. Halogen 8.2.2. Xenon 8.2.3. LED 8.3. Market Attractiveness By Technology 9. India Automotive LED Market Analysis and Forecasts, By Vehicle Type 9.1. Key Findings 9.2. Market Size (Volume) (Value) Forecast By Vehicle Type, 2021-2027 9.2.1. Passenger Vehicle 9.2.2. Commercial Vehicle 9.2.3. Two-Wheelers 9.3. Market Attractiveness By Vehicle Types 10. India Automotive LED Market Analysis and Forecasts, by Sales Channel Type 10.1. Key Findings 10.2. Market Size (Volume) (Value) Forecast by Sales Channel Type, 2021-2027 10.2.1. Original Equipment Manufacturer (OEM) Product 10.2.2. Aftermarket Product 10.3. Market Attractiveness by Sales Channel Type 11. India Automotive LED Market Analysis and Forecasts, by Application 11.1. Key Findings 11.2. Market Size (Volume) (Value) Forecast by Application, 2021-2027 11.2.1 Front Lighting 11.2.2 Rear Lighting 11.2.3 Side Lighting 11.2.4 Interior Lighting 11.2.5 Fog Lamps 12. Consolidation 12.1. India Automotive LED Market, Mergers and Acquisitions 12.1.1 Overview 12.1.2 India Automotive LED Market, M&A Breakdown 12.1.2.1 Technology 12.1.2.2 Vehicle Type 12.1.2.3 Sales Channel Type 12.1.2.4 Application 12.2. Fragmentation of India Automotive LED Market 12.3. India Automotive LED Market, Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 12.4. India Automotive LED Market, New/Emerging Models of Partnerships, Key Examples 12.5. India Automotive LED Market, New/Emerging Business Models, Key Examples 12.6. India Automotive LED Market, Changing Investment Paradigm, Focused areas by Key Players 12.7. India Automotive LED Market, Patent Analysis 13. Competition Landscape 13.1. Market Players-Competition Matrix (by Tier and Size of Companies) 13.2. Market Share Analysis,2017 13.3. Market Footprint Analysis 13.3.1. By Technology 13.3.2. By Vehicle Type 13.3.3. By Sales Channel Type 13.3.4. By Application 13.4. Competitive Business Strategies 13.4.1. By Channel 13.4.1.1. Channel 1 13.4.1.2. Channel 2 13.4.2. By Product Mix 13.4.3. By Marketing Mix 13.4.3.1. Marketing Channels 13.5. Competitive Benchmarking 13.5.1. Koninklijke Philips N.V. 13.5.1.1. Revenue 13.5.1.2. Segments 13.5.1.3. Propulsion Footprint 13.5.1.4. Propulsion Footprint, 13.5.1.5. Channel 13.5.1.6. Production Capacity/Plant Details/Installation (*As Applicable) 13.5.1.7. Strategic Partnership, Capacity Expansion, New Product Innovation etc. 13.6. Company Profiles : India Automotive LED Manufacturers 13.6.1. Phoenix Lamps Limited 13.6.2. Lumax Industries Limited 13.6.3. Osram Licht AG 13.6.4. GE Lighting 13.6.5. Magneti Marelli S.p.A. 13.6.6. Koito Manufacturing Co. Ltd. 13.6.7. Hella KGaA Hueck & Co. 13.6.8. Valeo 13.6.9. Neolite ZKW Lightings Pvt. Ltd. 13.6.10. AGS tools & components 13.6.11. Hesham Industrial Solutions