United Kingdom Automotive LED Lighting Market Size and Share
Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 0.62 Billion |
| Market Size (2030) | USD 0.77 Billion |
| Growth Rate (2025 - 2030) | 4.37% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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United Kingdom Automotive LED Lighting Market Analysis by Mordor Intelligence
The United Kingdom automotive LED lighting market size was USD 0.62 billion in 2025 and is projected to reach USD 0.77 billion by 2030, representing a 4.37% CAGR. The current expansion centers on mandatory headlamp regulations, rising electric-vehicle penetration, and sustained cost reductions in LED modules, all of which push manufacturers to replace legacy halogen systems with adaptive, energy-efficient alternatives. Fleet electrification is pivotal: business buyers accounted for 59.6% of new-car registrations in 2024, with battery-electric vehicles (BEVs) passing the 1 million-unit milestone and requiring efficient lighting to protect driving range. Supply-chain initiatives, such as the UK government’s GBP 11.5 million ChipStart program, which supports gallium-nitride blue-laser development, encourage domestic semiconductor resilience. Meanwhile, the rollout of smart motorways spurs demand for matrix LED and adaptive beam systems that communicate with road infrastructure.
Key Report Takeaways
- By sales channel, OEM installations accounted for 83.32% of the United Kingdom automotive LED lighting market share in 2024; aftermarket channels posted the fastest growth rate of 5.22% CAGR through 2030.
- By vehicle type, passenger cars captured 68.44% revenue share of the United Kingdom automotive LED lighting market size in 2024, while electric vans and trucks collectively delivered the highest 7.54% CAGR to 2030.
- By installation type, new-vehicle fitments accounted for 60.34% of the United Kingdom automotive LED lighting market size in 2024; retrofit projects are expected to accelerate at a 5.70% CAGR due to growing demand for premium upgrades.
- By application, exterior lighting led with a 76.45% revenue share in 2024; interior lighting is projected to post the steepest CAGR of 5.30% through 2030.
United Kingdom Automotive LED Lighting Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Mandatory LED head-lamp regulations | +1.2% | United Kingdom | Short term (≤ 2 years) |
| Declining LED component costs | +0.8% | Global / United Kingdom adoption | Medium term (2-4 years) |
| Rising EV sales | +1.1% | United Kingdom / EU spillover | Medium term (2-4 years) |
| Aftermarket upgrade demand | +0.6% | United Kingdom | Long term (≥ 4 years) |
| Smart-motorway adaptive lighting | +0.4% | United Kingdom | Long term (≥ 4 years) |
| Semiconductor tax incentives | +0.3% | United Kingdom | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Mandatory LED Head-Lamp Regulations Drive OEM Compliance
Unified GB type-approval now incorporates UN Regulations 148, 149, and 150, creating a single certification path that allows automakers to carry over EU-spec LED systems without requiring design rework. [1]Department for Transport, “Incorporating international rules into GB type approval,” gov.ukThe parliamentary debate on glare highlighted the shift from 3,000-lumen halogens to 6,000K LED emitters, which offer double the luminous output, prompting OEMs to adopt active leveling and adaptive-beam controls. A further rule mandating automatic load-sensing levelling in September 2027 reinforces LED’s advantage in precision optics. Together, these measures compress decision cycles and lock LED modules into new-vehicle bills of materials.
Declining Component Costs Enable Market Penetration
Average LED headlamp system prices continue to decline due to volume manufacturing and platform modularity, offsetting the impact of raw material shocks following China's tightening of gallium export licensing in 2023. [2]U.S. Geological Survey, “Mineral Commodity Summaries 2024: Gallium,” usgs.govAutomotive LED suppliers also benefit from lean warranty profiles, as failure rates are typically one-tenth of those of halogen units over a vehicle's life cycle, thereby reducing OEM service costs. AMS OSRAM expects demand recovery in the second half of 2025 as inventory corrections at Tier-1 Suppliers normalize, indicating short-term softness but long-term pricing power. [3]ams OSRAM, “Q1 2025 Results Press Release,” ams-osram.com Lower life-cycle costs accelerate LED adoption in mass-market trims that were once reserved for premium models.
Electric-Vehicle Growth Amplifies Advanced Lighting Demand
BEV registrations reached 381,970 units in 2024, accounting for 19.6% of new-car sales, and delivering a burgeoning installed base that prioritizes low-draw lighting to conserve battery range. Thermal studies show that BEV headlamps operate in the 0-40 °C band 58.59% of the time, improving reliability compared to hotter ICE compartments. OEM design teams thus exploit LED thermal headroom to pack in pixels for adaptive beams, animated DRLs, and brand-signature patterns without range penalties.
Smart-Motorway Infrastructure Drives Adaptive Technology
National Highways’ lighting-renewal projects on corridors such as the A63 create pilot zones for vehicle-to-infrastructure signaling, nudging automakers to bundle matrix LED and camera-based beam shaping. Valeo’s PictureBeam monolithic module already projects lane markings and hazard icons directly onto the asphalt, enhancing driver guidance while preventing glare to oncoming traffic. Progressive infrastructure triggers pull-through demand for suppliers that integrate optics, sensors, and over-the-air update support.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Higher upfront cost vs. halogen | -0.7% | United Kingdom price-sensitive | Short term (≤ 2 years) |
| Gallium-nitride and rare-earth supply risk | -0.5% | Global / United Kingdom exposure | Medium term (2-4 years) |
| Strict glare limits on retrofits | -0.4% | United Kingdom | Medium term (2-4 years) |
| Second-hand imports fitted with halogens | -0.3% | United Kingdom used-car market | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Higher Upfront Costs Constrain Consumer Adoption
Private purchasers, just 746,276 cars in 2024, remain price-sensitive even as fleets shift to factory LED packages. Although full-expensing allowances allow businesses to deduct 100% of capital expenditures until March 2026, no equivalent incentive is in place for retail buyers, which slows LED retrofit uptake. Insurance premiums also rise when premium headlamps are stolen for resale, adding indirect costs that temper demand.
Supply-Chain Vulnerabilities Threaten Component Availability
China’s 80% share of global gallium output exposes UK LED makers to export control shocks; spot prices jumped 56% to USD 375/kg by October 2023 and could spike 150% under a full embargo, according to USGS modeling. The UK shut its last high-purity gallium refinery in 2018, so every LED wafer dependency sits on import pipelines. The ChipStart fund and recycling R&D aim to diversify sources, yet multi-year lead times leave near-term procurement risk.
Segment Analysis
By Sales Channel: OEM Dominance Faces Aftermarket Disruption
OEM fitments captured 83.32% of 2024 revenue, underscoring how mandatory LED headlamps hard-wire the technology into new vehicles. This share translates to roughly USD 0.52 billion of the United Kingdom automotive LED lighting market size. Growth remains steady as automakers expand their BEV portfolios to meet the ZEV sales mandate. The aftermarket, however, grows faster at 5.22% CAGR, spurred by a swelling parc of halogen-equipped cars ripe for upgrades and an expanding ecosystem of E-marked retrofit kits.
Aftermarket suppliers compete on brightness gains, beam precision, and ease of installation. Systems such as ams OSRAM’s NIGHT BREAKER LED SMART meet ECE R112 while delivering up to 330% more luminosity, signaling how regulatory-compliant products can command premium pricing. Professional installers and franchised dealers become critical channels as complexity rises from simple bulb swaps to full digital-projection conversions. Together, these forces leave the United Kingdom's automotive LED lighting market poised for a shift in channel mix, even as OEMs maintain numerical dominance.
By Vehicle Type: Passenger Cars Lead the Electric Transition
Passenger cars accounted for 68.44% of 2024 revenue, equating to USD 0.42 billion of the United Kingdom automotive LED lighting market size, and will register a class-leading 7.54% CAGR to 2030. BEV platforms amplify demand because designers leverage low-power LEDs to enhance range and create signature styling. Light commercial vehicles add volume as fleets electrify, yet payload and charging infrastructure temper their speed of adoption, keeping their 2025–2030 CAGR near the overall average.
Heavy truck lighting shifts toward high-lumen, long-throw matrix systems to maximize nighttime safety, but volumes remain niche. Two-wheelers rely on compact LEDs for reduced draw and styling, but they represent a small share of the spend. Across segments, OEM engineers utilize the cooler thermal envelope in BEV compartments, verified by applied-science thermal profiling, to reduce the size of heat sinks and create space for additional pixels, thereby reinforcing the LED’s engineering edge.
By Installation Type: Retrofit Growth Accelerates
New-vehicle installations held 60.34% share in 2024 as every major OEM specced LED systems on core nameplates, yet the retrofit subsector expands at a 5.70% CAGR to 2030. Rising availability of E-marked retrofit headlights that slot into existing housings opens mass opportunities. Regulatory glare research commissioned by the Department for Transport could stiffen alignment and brightness tests in 2025, but suppliers see upside in providing certified upgrade solutions that meet forthcoming standards.
Business fleets weigh retrofit economics against downtime; for operators rotating assets on four-year cycles, warranted OEM kits yield predictable total cost of ownership. Private owners, constrained by the upfront price, choose incremental upgrades, such as plug-and-play DRLs, before full projector swaps. As the parc ages, retrofit share is forecast to rise to just under 42% of the United Kingdom automotive LED lighting market by 2030, underscoring the segment’s significance.
By Application: Interior Lighting Gains Momentum
Exterior functions-headlamps, DRLs, tail, and stop lamps-retained 76.45% of the 2024 spend, translating to USD 0.47 billion of the United Kingdom's automotive LED lighting market size, defended by safety regulations. Headlamps alone absorb more than half that outlay, given their complexity, pixel counts, and sensor fusion. Adaptive-beam modules and digital projections, such as Valeo’s PictureBeam, push ASPs higher as automakers weaponize lighting for differentiation.
Interior lighting, though smaller, records the highest 5.30% CAGR. EV startups and legacy brands alike script ambient light shows synchronized to driving modes or infotainment cues, treating cabin LEDs as digital UX assets. ams OSRAM’s Ethernet-addressable RGB module architecture supports 600 nodes per vehicle, expanding content per unit and lifting revenue density. Instrument backlights and dome LEDs migrate to low-current devices, ensuring energy efficiency aligns with BEV range imperatives.
Geography Analysis
The United Kingdom accounts for the entire addressable base, shaped by GB type-approval convergence with UN regulations and aggressive ZEV targets. Harmonized standards let OEMs develop once for EU and UK markets, compressing engineering cycles and favoring established suppliers with cross-border certification track records. ChipStart grants and follow-on semiconductor initiatives channel GBP 11.5 million into gallium-nitride laser and SWIR sensor pilots, reinforcing local R&D nodes crucial for next-gen lighting.
Fleet buyers, predominantly headquartered around urban hubs, lead demand concentration; their 59.6% share of 2024 registrations positions company cars and vans as priority channels for LED integrations. Smart-motorway projects under National Highways enlarge the TAM for adaptive headlights able to decode roadside data feeds, although rollout pace varies by corridor. Import dependence for gallium and germanium remains a structural vulnerability, with any disruption directly translating to price spikes that ripple through domestic assemblers, emphasizing the need for alternative sourcing or recycling.
Competitive Landscape
Supplier power clusters among a half-dozen global Tier-1s and vertically integrated semiconductor houses. Valeo, HELLA (formerly Forvia Hella), and Koito leverage their long-standing OEM relationships, broad optical portfolios, and production footprints located within or near Europe. ams OSRAM and Lumileds create value through proprietary emitters, drivers, and pixel-control ICs, partnering with system integrators to reach vehicle programs. Marelli’s 25,600-pixel microLED module and OLED 2.0 rear lamps exemplify differentiation through resolution and signature customization, earning the AutoTech Partnership of the Year honors in 2025.
Strategically, incumbents pursue higher-resolution, software-updatable architectures that blur the boundaries between hardware and software. Patent filers such as Hyundai Mobis focus on anti-glare beam shaping, indicating regulatory compliance as a competitive lever. Retrofit specialists court growing demand by offering E-marked packages bundled with calibration tools for MOT compliance. Taken together, rivalry is moderate: high certification costs deter new entrants, yet technological churn prevents any single player from cornering share.
United Kingdom Automotive LED Lighting Industry Leaders
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HELLA GmbH & Co. KGaA (FORVIA)
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Marelli Holdings Co., Ltd.
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ams OSRAM AG
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Valeo SE
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Stanley Electric Co., Ltd.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- July 2025: Marelli and OLEDWorks won AutoTech Awards “Collaborative Partnership of the Year” for 60-segment digital OLED rear lamps on Audi Q6 e-tron.
- March 2025: ams OSRAM unveiled LEDguardian ROAD FLARE Signal V16 IoT warning light with 360° visibility and live hazard messaging.
- March 2025: UK government awarded GBP 1.1 million to ChipStart cohort supporting 10 semiconductor scale-ups, including EV-oriented power-device specialists.
- January 2025: ams OSRAM introduced ALIYOS LED-on-foil for ultra-thin, flexible light surfaces in automotive interiors.
United Kingdom 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.| OEM |
| Aftermarket |
| Passenger Cars |
| Light Commercial Vehicles |
| Heavy Commercial Vehicles |
| Two-Wheelers |
| New Installation |
| Retrofit Installation |
| 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 | ||
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. |
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
