The automotive light emitting diode lighting market is growing because of the low cost of the LED and efficient working of it. LEDs are small, solid light bulbs which are extremely energy efficient and long lasting. The long life of LED lamps was initially attractive, however, low brightness and high cost meant that they were generally restricted to use in dashboards.
Along with technology development in the vehicles, automated LED lighting is one of them. Increased consumption of these can be seen from two wheelers to four wheelers. The adoption of it is growing day by day. The segmentation of it on the basis of position in the vehicle is done. It can be fixed in the front, rear, side and interior of the vehicles. LED lighting ability is to improve total plant productivity. By connecting advanced lighting controls to industrial automation systems, LED lighting can save time and costs, and also provide business intelligence data, reduce waste and redundancies, and enhance plant operations.
Free Sample “Automotive LED Lighting Market Research Report – Global Forecast till 2023” report at:
https://www.marketresearchfuture.com/sample_request/2703
Key Players:
The prominent players in the automotive LED lighting market are Osram Licht AG (Germany), Magneti Marelli S.P.A (Italy), Koito Manufacturing Co.Ltd (Japan), Stanley Electric Co.Ltd (Japan), Mercedes-Benz (Germany), Koninklijke Philips N.V. (Netherlands), Hyundai Group (South Korea), Toyota Motor Corporation (Japan), Tata Motors Limited (India), Zizala Lichtsysteme Gmbh (Austria) among others.
Study Objectives of Automotive LED Lighting Market
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the automotive LED lighting market.
- To provide insights about factors affecting the market growth.
- To analyze the Storage in big data market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of position, vehicle type and adaptive lighting.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the automotive LED lighting market.
Global Automotive LED Lighting Market Highlights:
The global automotive LED lighting market is growing rapidly owing to the advantages such as cost efficiency and work efficiency this lighting provides. Growing automobile industry, increasing sales of lightweight vehicles, increasing penetration of LED technology, and focus on developing energy-efficient lighting products are some of the key driving forces behind the growth of the market.
According to Market Research Future (MRFR), the global automotive LED lighting market is poised to touch a valuation of USD 20 BN by 2022, registering over 9% of a CAGR throughout the forecast period (2016 to 2022). The longevity of LED lights predominantly drives the market. Initially, the long life of LED lamps was attracting consumers; however, due to the low brightness and high cost, they were generally restricted to dashboards usages.
Over the past few years, there have been substantial technological developments in the vehicles, and the LED lighting is one of them. Introduction of innovative technologies that can enhance safety & performance alongside, declining component prices has increased the sales of automotive LED lighting products. Increased consumption of these lightings can be seen from two wheelers to four wheelers, and the adoption is growing day by day.
Automotive LED Lighting Global Market Segments:
Segmentation By Position: Comprises Front, Rear, Side, and Interior.
Segmentation By Vehicle Type: Comprises Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV).
Segmentation By Adaptive Lighting: Comprises Front Adaptive Lighting, Rear Adaptive Lighting, And Ambient Adaptive Lighting.
Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Automotive LED Lighting Global Market – SynopsisThe introduction of innovative technologies to enhance safety and performance along with declining component prices has increased the sales of Automotive LED Lighting products. Manufacturers are also developing premium LED lights to accessorize vehicles. Innovations in LED technology, an increase in popularity of ambient lighting and Development of laser and OLED lights are the three key trends that are contributing to the augmented growth of global Automotive LED Lighting.
Automotive LED Lighting Market by Vehicle Type:
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
Automotive LED Lighting Market by Adaptive Lighting:
- Front Adaptive Lighting
- Rear Adaptive Lighting
- Ambient Adaptive Lighting
Browse More Information On This Report at: https://www.marketresearchfuture.com/reports/automotive-led-lighting-market-2703
Regional Analysis:
The regional analysis of automotive LED Lighting market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Asia- Pacific region owing to the fast growing automotive industry in developing countries such as India, China and South Korea is expected to show a significant growth in the automotive LED lighting market. Europe and North America are anticipated to dominate the LED lighting market in terms of demand. Increasing automotive production paired with adoption of energy efficient lighting source such as LED is driving the growth of automotive lighting industry in the European region. Also government enforcing to lesser CO2 emission from the vehicle is driving the LED market in that region.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Related Report:
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/automotive-led-lighting-market-2703