Germany Automotive LED Lighting Market Size and Share

Germany Automotive LED Lighting Market (2025 - 2030)
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Germany Automotive LED Lighting Market Analysis by Mordor Intelligence

Germany automotive LED lighting market size reached USD 0.68 billion in 2025 and is forecast to advance to USD 0.84 billion by 2030, reflecting a CAGR of 4.44%. The Germany automotive LED lighting market is propelled by premium OEMs’ shift toward matrix and adaptive driving beam (ADB) headlamps, the country’s accelerating battery-electric vehicle (BEV) production, and strict UNECE safety regulations that favor controllable light sources. Continued cost and energy-efficiency gains over halogen and Xenon systems reinforce LED adoption, while the emergence of software-defined lighting enables over-the-air feature updates that align with OEM digitalization roadmaps. Supply-chain volatility in semiconductor and rare-earth material pricing remains a drag on near-term margins, yet suppliers are mitigating risk through vertical integration and near-shoring of critical production steps. Growing consumer demand for ambient cabin illumination and dynamic exterior signatures further amplifies the Germany automotive LED lighting market’s expansion path.

Key Report Takeaways

  • By sales channel, OEM integration commanded 84.46% of the Germany automotive LED lighting market share in 2024, while the aftermarket is forecast to record the fastest 5.54% CAGR through 2030.
  • By vehicle type, passenger cars led with a 69.46% revenue share in 2024; this segment is projected to expand at an 8.86% CAGR to 2030, the highest among vehicle classes.
  • By installation type, new installations accounted for 63.55% of the Germany automotive LED lighting market size in 2024, whereas retrofit installations exhibit the quickest 5.76% CAGR between 2025 and 2030.
  • By application, exterior lighting held a dominant 77.46% share of the Germany automotive LED lighting market size in 2024; interior lighting is advancing at a 6.04% CAGR through 2030, the fastest among applications.

Segment Analysis

By Sales Channel: OEM Integration Anchors Revenue While Retrofit Builds Momentum

OEM deliveries retained 84.46% of Germany automotive LED lighting market revenue in 2024, underscoring automakers’ preference for factory-validated solutions that bundle warranty protection and regulatory compliance. At USD 0.58 billion, the OEM channel contributes the bulk of Germany automotive LED lighting market size and enjoys high platform stability through long-term supply agreements. Retrofit’s smaller base, valued at USD 0.11 billion, is expanding at 5.54% CAGR, benefitting from an aging vehicle fleet that averages 10.1 years and growing enthusiast demand for safety-oriented upgrades.

OEM dominance stems from vertical integration strategies wherein tier-ones such as FORVIA HELLA co-develop optics, electronics, and software directly with design studios, embedding signature lighting early in the concept phase. These collaborations secure production allocation across multiple models, smoothing volume swings. In contrast, retrofit suppliers navigate fragmented distribution and must earn TÜV certification per vehicle type, inflating cost and time to market. Continental’s 2024 aftermarket rollout illustrates how digital catalogs and 24-hour fulfilment aim to streamline fitment for independent workshops. As TÜV digitalization advances, the retrofit share could inch toward 20% by 2030, but OEM leverage in branding, in-plant quality control, and over-the-air light-signature updates will sustain their commanding role in the Germany automotive LED lighting market.

Germany Automotive LED Lighting Market: Market Share by Sales Channel
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By Vehicle Type: Passenger Cars Dominate and Lead Growth

Passenger cars captured 69.46% of Germany automotive LED lighting market share in 2024, translating to USD 0.47 billion in revenue. Strong 8.86% CAGR through 2030 reflects premium OEMs’ relentless innovation in matrix headlamps and ambient interiors that command price premiums. Light commercial vehicles (LCVs) trail with roughly 17% share but see steady conversions as fleet owners prioritize low maintenance and energy savings. Heavy trucks remain conservative, though higher headlamp uptime requirements and EU frontal-visibility mandates push LED penetration beyond 55% by 2027.

Premium sedans and SUVs provide fertile ground for suppliers to showcase next-gen ADB and digital-micro-mirror-based projectors that enable animated welcomes on garage doors. These features transition more slowly to LCVs, yet parcel-delivery fleets increasingly specify LED daytime-running lamps to boost daytime conspicuity and reduce downtime. Two-wheeler applications, accounting for under 2% of Germany automotive LED lighting market size, leverage motorcycle culture’s appetite for signature styling. BMW Motorrad’s adaptive cornering lamp demonstrates crossover technology flow from passenger cars, hinting at future upside once cost leverages improve.

By Installation Type: Factory Fit Prevails, Yet Retrofit Gains

New installations formed 63.55% of Germany automotive LED lighting market size in 2024, benefiting from platform-tailored thermal management and integrated control via domain ECUs. Whether on the assembly line in Munich or Zwickau, automated vision systems align LED modules within ±0.1 mm tolerances, assuring homogeneous light patterns. Retrofit uptake, though smaller, is forecast to climb swiftly at 5.76% CAGR as owners of 2015–2019 model-year vehicles seek energy efficiency and contemporary aesthetics without purchasing new cars.

Stringent TÜV processes, once a hurdle, now serve as a quality filter that builds consumer trust in approved retrofit kits. Continental’s plug-and-play headlamp sets integrate self-calibrating leveling motors, simplifying workshop labor to under 90 minutes. Insurance carriers have begun offering discounts for TÜV-certified LED conversions that cut night-time accident risk, reinforcing demand. Over the forecast window, retrofit could carve out as much as USD 0.18 billion, especially if digital homologation halves approval lead-times.

Germany Automotive LED Lighting Market: Market Share by Installation Type
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By Application: Exterior Remains Core While Interior Surges

Exterior lighting accounted for 77.46% of Germany automotive LED lighting market revenue in 2024, underpinned by legally mandated headlamp, DRL, and signal functions. New matrix and laser-assisted high beams achieve 600 m illumination range, cementing LEDs as the de-facto exterior technology of record. Interior lighting, although currently representing only 22.54%, is expected to register a robust 6.04% CAGR due to rising ambient-light fit rates across mid-segment vehicles.

OEMs utilize interior LEDs to convey battery state-of-charge, incoming calls, or driver-alert warnings via color pulses on the door cards. Continental’s Emotional Cockpit merges 1.3-m E-Ink displays with LED backlight arrays, transforming dashboards into adaptive surfaces that instantly switch from infotainment to mood lighting. Regulatory bodies are assessing harmonized color standards to prevent driver distraction, but industry consensus suggests guidelines will still allow brand-specific palettes. As cabin-centric UX becomes a key purchase criterion, the interior share could approach one-third of Germany automotive LED lighting market size by 2030.

Geography Analysis

Germany’s southern states, Bavaria and Baden-Württemberg, anchor over 55% of national LED lighting demand, owing to BMW, Audi, Mercedes-Benz, and Porsche assembly plants concentrated there. These clusters foster tight supplier–OEM feedback loops, compressing concept-to-SOP timelines to below 24 months. Lower Saxony, home to Volkswagen’s Wolfsburg and Hanover complexes, contributes another 20% of volume and functions as a testbed for mass-market LED affordability programs. Proximity to Austria and the Czech Republic provides overflow supplier capacity, enabling rapid scaling when model launches overlap.

Cross-border R&D consortia between German OEMs and universities in Aachen, Karlsruhe, and Dresden advance optics simulation and phosphor chemistry, ensuring domestic access to breakthrough IP. Federal subsidies under the “Important Projects of Common European Interest” (IPCEI) scheme channel EUR 800 million into micro-LED pilot lines, keeping the innovation engine local. Export dynamics remain healthy: roughly one-third of German-made LED headlamps ship to final-assembly plants elsewhere in Europe, reinforcing Germany’s status as the continent’s lighting technology nucleus.

However, geographic concentration also magnifies risk. Flooding in the Ahr valley in 2024 halted operations at a major optic-lens supplier for six weeks, disrupting multiple OEM build schedules simultaneously. The incident spurred contingency planning that now mandates dual-sourcing across at least two federal states for critical optics and driver ICs. Despite such vulnerabilities, Germany maintains unmatched depth in engineering talent and test infrastructure, cementing its leadership within the wider European automotive LED landscape.

Competitive Landscape

Market rivalry centers on technology leadership rather than price undercutting. FORVIA HELLA leverages EUR 8.1 billion 2024 sales to fund multi-domain R&D, rolling out digital-lighting ECUs that support over-the-air upgrades and subscription features. OSRAM, now under ams-OSRAM, fields the EVIYOS HD micro-LED, giving OEM designers full pixels to use for road-edge projection or brand logos, distinguishing product offerings. Bosch commits EUR 2.5 billion through 2027 for AI-driven lighting control algorithms that anticipate glare scenarios two seconds in advance.

Continental blends sensor fusion into its Central Light Computer, enabling seamless coordination among lidar, camera, and lamp arrays to support Level 3 automated driving. Asian challengers such as Stanley Electric and Koito have footholds with German OEMs via global sourcing mandates, yet European content rules under the EU’s battery regulation tilt preference toward local suppliers for BEV projects. Partnerships flourish: HELLA and Porsche Engineering co-developed a shared optical architecture that halves tool-build cost for derivative models.

Barriers to entry escalate as software content rises; coding resources and functional-safety compliance form potent moats. Consequently, the Germany automotive LED lighting industry demonstrates moderate concentration with the top five vendors controlling just under 60% of revenue. M&A chatter persists, with speculation that niche optic-lens specialists could be targets for vertically integrated giants seeking supply-chain resilience. Competitive intensity is anticipated to remain high as digital-light subscription models unlock recurring revenue, shifting the game from one-off hardware sales to lifetime service monetization.

Germany Automotive LED Lighting Industry Leaders

  1. HELLA GmbH & Co. KGaA (FORVIA)

  2. Marelli Holdings Co., Ltd.

  3. ams-OSRAM AG

  4. Valeo SE

  5. Stanley Electric Co., Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Germany Automotive LED Lighting Market Concentration
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Recent Industry Developments

  • April 2025: Continental unveiled its Central Light Computer and laser-beam scanning projection system at Auto Shanghai 2025, enabling 360-degree dynamic projections around vehicles.
  • January 2025: Bosch announced more than EUR 2.5 billion investment in AI-based solutions by 2027, emphasizing lighting control integration.
  • September 2024: ORVIA presented sustainable aerodynamic LED headlamps and Future Trailer Lighting System at IAA Transportation 2024.
  • September 2024: Continental launched a major aftermarket range expansion for high-volume German models, with staged releases through mid-2025.

Table of Contents for Germany Automotive LED Lighting Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 EV-led OEM demand for high-resolution MATRIX / ADB headlamps
    • 4.2.2 Stricter UNECE and EU lighting safety regulations
    • 4.2.3 Higher OEM fit-rates of LED ambient interior lighting in premium cars
    • 4.2.4 Cost and energy-efficiency gains versus halogen / Xenon systems
    • 4.2.5 BEV-specific thermal redesign enabling lighter LED heat-sinks
    • 4.2.6 EU circular-economy rules driving modular, serviceable LED units
  • 4.3 Market Restraints
    • 4.3.1 Inflation-driven LED BOM cost volatility
    • 4.3.2 Slow TÜV / KBA approval throttles retrofit aftermarket growth
    • 4.3.3 Counterfeit LED bulbs erode safety perception
    • 4.3.4 OEM weight-saving trade-offs reduce auxiliary lighting volumes in BEVs (under-reported)
  • 4.4 Industry Value Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Impact of Macroeconomic Factors on the Market
  • 4.8 Porter's Five Forces Analysis
    • 4.8.1 Threat of New Entrants
    • 4.8.2 Bargaining Power of Suppliers
    • 4.8.3 Bargaining Power of Buyers
    • 4.8.4 Threat of Substitutes
    • 4.8.5 Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Sales Channel
    • 5.1.1 OEM
    • 5.1.2 Aftermarket
  • 5.2 By Vehicle Type
    • 5.2.1 Passenger Cars
    • 5.2.2 Light Commercial Vehicles
    • 5.2.3 Heavy Commercial Vehicles
    • 5.2.4 Two-Wheelers
  • 5.3 By Installation Type
    • 5.3.1 New Installation
    • 5.3.2 Retrofit Installation
  • 5.4 By Application
    • 5.4.1 Exterior Lighting
    • 5.4.1.1 Headlamps
    • 5.4.1.2 Daytime Running Lights
    • 5.4.1.3 Taillights
    • 5.4.1.4 Fog Lamps
    • 5.4.1.5 Turn Signals
    • 5.4.1.6 Other Exterior Lightings
    • 5.4.2 Interior Lighting
    • 5.4.2.1 Dome and Map Lights
    • 5.4.2.2 Ambient Lighting
    • 5.4.2.3 Instrument Cluster and Infotainment Backlighting
    • 5.4.2.4 Others Interior Lightings

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level Overview, Core Segments, Financials as available, Strategic Information, Market Rank / Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 HELLA GmbH & Co. KGaA
    • 6.4.2 ams-OSRAM AG
    • 6.4.3 Robert Bosch GmbH
    • 6.4.4 Valeo SE
    • 6.4.5 ZKW Group GmbH
    • 6.4.6 Marelli Europe S.p.A.
    • 6.4.7 Koito Manufacturing Co., Ltd.
    • 6.4.8 Stanley Electric Co., Ltd.
    • 6.4.9 Continental AG
    • 6.4.10 Hyundai Mobis Co., Ltd.
    • 6.4.11 DENSO Corporation
    • 6.4.12 Magneti Marelli CK Holdings Co., Ltd.
    • 6.4.13 LG Innotek Co., Ltd.
    • 6.4.14 Nichia Corporation
    • 6.4.15 Lumileds Holding BV
    • 6.4.16 Grupo Antolin-Irausa S.A.
    • 6.4.17 Aptiv PLC
    • 6.4.18 Lear Corporation
    • 6.4.19 Gentex Corporation
    • 6.4.20 Varroc Engineering Ltd.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-Need Assessment
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Germany Automotive LED Lighting Market Report Scope

Daytime Running Lights (DRL), Directional Signal Lights, Headlights, Reverse Light, Stop Light, Tail Light, Others are covered as segments by Automotive Utility Lighting. 2 Wheelers, Commercial Vehicles, Passenger Cars are covered as segments by Automotive Vehicle Lighting.
By Sales Channel
OEM
Aftermarket
By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Two-Wheelers
By Installation Type
New Installation
Retrofit Installation
By Application
Exterior Lighting Headlamps
Daytime Running Lights
Taillights
Fog Lamps
Turn Signals
Other Exterior Lightings
Interior Lighting Dome and Map Lights
Ambient Lighting
Instrument Cluster and Infotainment Backlighting
Others Interior Lightings
By Sales Channel OEM
Aftermarket
By Vehicle Type Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Two-Wheelers
By Installation Type New Installation
Retrofit Installation
By Application Exterior Lighting Headlamps
Daytime Running Lights
Taillights
Fog Lamps
Turn Signals
Other Exterior Lightings
Interior Lighting Dome and Map Lights
Ambient Lighting
Instrument Cluster and Infotainment Backlighting
Others Interior Lightings
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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
research-methodology
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