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Technological advancements in automotive light emitting diode (LED) technology are expected to drive innovation in automotive light emitting diode bulbs manufacturing, thus driving the market during the forecast period.

The global automotive light emitting diode bulbs market is expected to grow from $8.81 billion in 2022 to $9.32 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The global automotive light emitting diode (LED) bulbs market size is expected to grow to $14.51 billion in 2027 at a CAGR of 11.7%.

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Global Automotive Light Emitting Diode Bulbs Market Segments Include:

• By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
• By Adaptive Lighting: Front Adaptive Lighting, Rear Adaptive Lighting, Ambient Adaptive Lighting
• By Sales Channel: OEM, Aftermarket
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global automotive light emitting diode bulbs market in 2021.

Major Market Players in the automotive light emitting diode bulbs market include SG Automotive, Hella, KOITO, Magneti Marelli, OSRAM, Valeo, Stanley Electric Co. Ltd., Varroc, Koninklijke Philips N.V.

With increasing awareness about global warming and carbon emissions, customers are increasingly using Organic LED, whose emitting panels are made of organic material. They can also be color tuned and are used to make light panels. For instance, car manufacturers BMW and Audi are using OLED taillights due to their flexibility, efficiency, and homogeneity.

The Automotive Light Emitting Diode Bulbs Global Market Report 2023 provides a automotive light emitting diode bulbs market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive light emitting diode bulbs market forecast analyzes automotive light emitting diode bulbs market size, automotive light emitting diode bulbs market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Automotive light bulb that uses LED technology as its light source rather than halogen filaments, which transforms electrical energy into a single hue of light that are used in sidelights, fog lights, brake lights, indicators, number plates, and others.

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