Market Research Future (MRFR) in its report on the Global Automotive
Light-Emitting Diode (LED) Lighting Market reveals different causes that can
influence in the market across the stud period. Coronavirus Disease Outbreak
analysis and lockdown impact on the automotive LED lighting market impact on
the market are provided with report. As per MRFR analysis, the expansion of the
automotive LED lighting market can be at about 9% CAGR in the forecast period
(2016-2022). The automotive LED lighting market value can
rise at above USD 20 Billion by 2022.
The cost-effectiveness of automotive LED is observed as the
major booster for the expansion of the automotive LED lighting market in the
years to come. The pressing demand for automotive LED lighting market can cause
the expansion of the market through the assessment period. The high preference
for automotive LED over traditional halogen automotive lamps can cause the
automotive LED market to augment. In addition, the increase in cars utility can
favor of the market. However, in recent times, the COVID-19 outbreak resulting
in lockdown can slow down the expansion of the market in the years ahead.
Market Segmentation
The segment study of the worldwide automotive LED lighting
market is based on adaptive lighting, position, and vehicle types.
·
By
position, the automotive LED lighting market segmented into front,
interior, and rear, side. The integration of automotive LED lights in front and
rear side of vehicles can boost the rise of the market.
·
By vehicle
type, the automotive LED lighting market segmented into passenger
car, heavy commercial vehicle (HCV), and d light commercial vehicle. High rate
of incorporation of automotive LED lighting solutions in all type of vehicles
can contribute largely to the expansion of the market in the years ahead.
·
By adaptive
lighting types, the automotive LED lighting market segmented into
ambient adaptive lighting, front adaptive lighting, and rear adaptive lighting.
The Adaptive headlight is observed to contribute largely to the expansion of
the market in the years to come.
The rise in the demand for ambient adaptive lighting can
support the expansion of the automotive LED lighting market through the study
period. The rise in utility of front adaptive lights for driving on winding
roads during night and at low-light conditions can improve the expansion of the
market.
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Top Companies Profiled in Automotive
LED Lighting Market Research Report:
Magneti Marelli S.P.A (Italy), Stanley Electric Co.Ltd (Japan), Koito Manufacturing Co.Ltd (Japan), Hyundai Group (South Korea), Toyota Motor Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Tata Motors Limited (India), Mercedes-Benz (Germany), Osram Licht AG (Germany), and Zizala Lichtsysteme Gmbh (Austria) among others.
Regional Analysis
In APAC, the increase in the prevalence of automotive LED lights for interior automotive lighting application can cause the expansion of the regional market. The rise of the exterior automotive LED lighting can be attributed to the notable rise in the revenue generation of the regional automotive LED market. The growing incorporation of automotive LED in premium and high-end vehicles can cause the automotive LED lighting market in India and other growing regions of APAC to rise.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Automotive LED Lighting Market Segmentation
8. Automotive LED Lighting Market Landscape
9. Vendor Matrix
More…
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requirements, let know and we will customize the report according to your need.
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