Automotive LED Lighting Market Share, Size, Trends, And Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2022. Global Automotive LED Lighting Market Evaluated to Grow to USD 20 Billion at a CAGR of 9% by 2022
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Automotive LED Lighting Market Evaluated to Grow to USD 20 Billion at a CAGR of 9% by 2022. Global Automotive LED Lighting Market is growing rapidly owing to its Cost efficiency and work efficiency. According to a recent study report published by the Market Research Future, the global market of Automotive LED Lighting is projected to grow at a rapid pace during the forecast period 2022 – Market Share, Size, Trends, And Business Opportunity Analysis with forecast 2022
Automotive LED Lighting Global Market Key Players-
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), Global Electric Electronic Processing Inc. (Canada), Umicore S.A. (Belgium) are some of the prominent players at the forefront of competition in the Global Market of Automotive LED Lighting and are profiled in MRFR Analysis.
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Automotive LED Lighting Global Market – Overview
Automotive LED Lighting Global Market – Overview The Automotive LED Lighting Market is growing rapidly owing to its Cost efficiency and work efficiency. According to a recent study report published by the Market Research Future, the global market of Automotive LED Lighting is projected to grow at a rapid pace during the forecast period (2016 – 2022). The Market is forecasted to demonstrate a spectacular growth by 2022, the Global Automotive LED Lighting market is expected to grow approximately at USD 20 Billion by 2022, approx.9% of CAGR between 2016 and 2022.
Increasing sales of lightweight vehicles worldwide, growing automobile industry, increasing LED penetration and focus on energy efficiency are factors providing impetus to the market growth of Automotive LED Lighting globally. On the other hand, Factors such as slow growth of vehicle sales in BRIC nations, high costs of LED, high research and development costs are projected to restrict the market growth of global Automotive LED Lighting
Automotive LED Lighting Global Market – Synopsis
The 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, 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 – Regional Analysis
The regional analysis of Automotive LED Lighting market is being studied for regions 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.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK SOLUTION
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARIES
MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 AUTOMOTIVE LED LIGHTING MARKET, BY SEGMENTS
6.1 INTRODUCTION
6.2 MARKET STATISTICS
6.2.1 BY POSITION
6.2.1.1 FRONT
6.2.1.2 REAR
6.2.1.3 SIDE
6.2.1.4 INTERIOR
6.2.2 BY VEHICLE TYPE
6.2.2.1 PASSENGER CAR
6.2.2.2 LIGHT COMMERCIAL VEHICLE (LCV)
6.2.2.3 HEAVY COMMERCIAL VEHICLE (HCV)
6.2.3 BY ADAPTIVE LIGHTING
6.2.3.1 FRONT ADAPTIVE LIGHTING
6.2.3.2 REAR ADAPTIVE LIGHTING
6.2.3.3 AMBIENT ADAPTIVE LIGHTING
6.2.4 BY GEOGRAPHY
6.2.4.1 NORTH AMERICA
6.2.4.2 EUROPE
6.2.4.3 ASIA-PACIFIC
6.2.4.4 REST OF THE WORLD
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