Automotive LED Controllers market size will grow at a CAGR of 23.8% from 2023-2030: Cognitive Market Research
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Introduction of?Automotive LED Controller Market
New car part designs contain more electronics in considerably smaller sizes than previously. LED modules are being built with a complex light pattern that can be quickly modified with new circuit models to suit market trends while making optimal utilization of design resources. Reduced space is becoming a barrier for LED for automobile makers, and it can only be overcome by integrating LED controller building blocks that are set up quickly and allow interaction between the LED controller IC and the LEDs. Advanced LED controllers in car lighting utilize LED driver technology to deliver low-power, long-lasting, high-efficiency illumination that complies with all road safety criteria and vastly enhances driving pleasure.?
For instance, Allegro MicroSystems, LLC, an established supplier and developer of powerful semiconductor remedies, introduced the A6271 DC to DC converter controller for cars' exterior lighting systems, which include fog lights, daylight running lights (DRLs), changing lights, position lights, and headlamps in August 2015. The LED controller has a programmed constant current output that may be used to drive high-power LEDs in series.
Key Insights from Automotive LED Controller Market Report
The global automotive LED controllers market will grow and expand at a growth rate or compound annual growth rate (CAGR) of 23.8% from 2023 to 2030.
Strict Governmental Lighting Regulations for Improved Sight and Security to Accelerate Market Progress
A significant market driver for Automotive LED Controllers has been Strict lighting rules, which have driven industrialized countries to invest in the global automotive lighting business. Vehicle illumination is critical, especially while traveling on busy highways. Road accidents are a source of concern for governments all around the world.??
The World Health Organization (WHO) says road accidents kill 1.3 million people yearly. Road accidents cost most countries 3% of their GDP.
As a result, improving driving conditions is critical, which may be accomplished in part by upgrading the lighting system. To improve road safety, the European Union mandated Daytime Running Lights (DRLs) on every new motor vehicle in 2011.
Factors hinder the Automotive LED Controller Market Growth
LED bulbs emit a lot of heat, regulated by adding extra cooling equipment, raising the cost of LED lighting and limiting its expansion during the anticipated period. LED growth is further hampered by high voltage sensitivity throughout the anticipated timeframe. LED lights require a current less than the specified ratings and a voltage greater than the threshold. LED's need for a specialized power supply is expected to degrade its quality and limit its market expansion. The high cost of LED lights is a major issue for the automotive lighting sector. LED bulbs are utilized with projector headlights, which are more costly than reflector headlights and take up more interior space. Meanwhile, halogen, xenon, and LED lights are widely utilized lighting technologies in high-end or luxury automobiles due to benefits such as lower power consumption, cooler temperatures, and LED lights longer self-life.
Impact of COVID-19 on the Automotive LED Controller Market
The worldwide automotive supply chain saw significant growth fluctuations due to the COVID-19 epidemic. The pandemic hampered worldwide manufacturing and global automobile sales. Manufacturing facilities were closed, and new car sales were suspended, hurting the manufacture of vehicle lighting components. Demand for conventional and electric automobiles fell in 2020, affecting the market. Furthermore, the R&D budget was severely slashed, stifling research and development of innovative vehicle lighting systems. The need for lighting is generally proportionate to vehicle output. Vehicle manufacturing and sales have dropped significantly after the emergence of COVID-19, with a 14% drop projected in 2020.
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Top Companies Market Share in Automotive LED Controller Industry:
恩智浦半导体 , 德州仪器 , ORACLE Lighting , 英飞凌 , Microchip Technology Inc. , ROHM Semiconductor Americas , 海拉 , Super Bright LEDs , Taiwan Semiconductor , Robert Bosch Tool Corporation NA , 艾迈斯欧司朗 , 法雷奥 , KOITO MANUFACTURING CO., LTD. , Marelli , 大陆集团 , Hyundai Motor India Ltd. , 飞利浦照明 , Varroc , STANLEY ELECTRIC CO., LTD. , and Others
Competitive Landscape of Automotive Led Controllers Market
The market for Automotive LED Controllers is a highly dynamic and diversified competitive environment. It includes various commercial fleet service suppliers, ranging from large multinational enterprises to smaller specialized organizations. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their global footprint, with significant market developments including new Material portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings.
Automotive LED Controller Market Analysis:
Automotive LED Controller Type of Automotive Lights Segment Analysis:
According to Cognitive Market Research, the headlight sector is expected to dominate the market due to continual headlamp development. Adopting innovative technologies in the front lighting system, including laser illumination, is expected to drive growth in the front lighting segment. The growing demand for redesigned front illumination to provide good visibility for vehicles at night is expected to drive up demand for LED.?
The interior lighting category is expected to rise rapidly during the projected period. The increased usage of the upgraded interior lighting system in mid and high-end automobiles is attributable to the segment's growth.
Automotive LED Controller Vehicle Type Segment Analysis:
Automotive LED Controller Number of Switches Segment Analysis:
Automotive LED Controller Configuration Segment Analysis:
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Asia Pacific Automotive LED Controller Market dominates the Largest Market Share of the Global Market in 2022!
According to Cognitive Market Research, Asia-Pacific dominated the market in 2022 and accounted for a share of more than 38% of the worldwide revenue due to several variables. The APAC region dominates the market for Automotive LED Controllers. The rising demand for passenger and commercial automobiles is propelling the market forward. As vehicle manufacturing grows, so does demand for automotive lighting systems. Technological innovation, greater car manufacturing, changing customer tastes, and stronger safety standards are all factors impacting market growth. Car lighting manufacturers, notably LED lighting, have evolved tremendously in the car business. Thus, the rise in demand for automobiles in emerging countries has expanded the automotive lighting industry, allowing manufacturers worldwide to adopt new tactics to launch new LED lighting solutions for passenger safety. Thus, global government requirements for safety and security are expected to drive the growth of the car lighting industry. China Automobile manufacturers worldwide are focused on producing vehicles equipped with modern technology, such as advanced driving systems, adaptive lighting systems, and numerous other systems that provide safety and comfort while driving.
Europe is expected to grow at a respectable rate during the predicted period. Government rules are pushing the market in this region. Since 2011, the European Union has made Daytime Running Lights (DRLs) obligatory across Europe. This region's market dominance is projected to be maintained by major key companies' early adoption of novel automotive lighting solutions.
Frequently Asked Questions (FAQs)
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