Automotive LED Lighting market is giving the major share of 9.61% in 2018 and projected to grow at compound annual growth rate (CAGR) of more than over 10% during forecast period 2019-2023.
“Global “Automotive LED Lighting Market” gives in-depth analysis of the parent market with important changes in market dynamics, analyse segmentation details of the market as former, on-going, and projected market in terms of volume and value. Automotive LED Lighting market report specifies detailed competitive outlook including the market share and company profiles of the key participants operating in the global market.
About this market
In 2018, the exterior lighting segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the introduction of several regulations regarding the safety of vehicles will play a significant role in the exterior lighting segment to maintain its market position. Also, our global automotive LED lighting market report looks at factors such as the use of LEDs in automotive intelligent lighting system applications, growing popularity of ambient lighting in automobiles, and incorporation of energy-efficient solutions in automobiles. However, rising prices of raw materials, adoption of laser lighting in automobiles, and development of halogen headlights with improved visibility may hamper the growth of the automotive LED lighting industry over the forecast period.
Automotive LED Lighting market report highlights the economy, past and emerging trend of industry, and availability of basic resources. furthermore, the market report explains development trend, analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out in the end, the report makes some important proposals for a new project of Automotive LED Lighting market before evaluating its possibility.
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The market appears to be split and with the presence of several companies. Factors such as the increasing availability of multifunctional Automotive LED Lighting with rising and increased demand
Dynamics of Automotive LED Lighting Market
Market Driver: use of LEDs in automotive intelligent lighting system applicationsMarket Trend: growing popularity of adaptive lighting systemsMarket Challenge: development of halogen headlights with improved visibilityUse of LEDs in automotive intelligent lighting system applications LEDs have become an essential component in automotive intelligent lighting systems, including taillights, brake lights, and other energy-efficient as well as compact headlights. LEDs not only offer aesthetic lighting for vehicles but are also cost-effective. As a result, major automotive OEMs are offering glare-free lighting, high-definition lighting, and homogenous lighting to meet the evolving needs of automated driving technology. Furthermore, the fact that LEDs help taillights and brake lights to operate at different brightness levels makes them a significant lighting technology for the rear intelligent lighting system. This use of LEDs in automotive intelligent lighting system applications will lead to the expansion of the global automotive LED lighting market at a CAGR of over 10% during the forecast period.Growing popularity of adaptive lighting systems Adaptive lighting systems are increasingly being adopted in modern vehicles owing to their additional safety and comfort features. The LED technology is one of the crucial enablers for efficient and reliable operating of these systems. Also, several vendors in the market are enabling automotive OEMs to offer adaptive lighting systems, particularly for the automotive industry. This development is expected to have a positive impact on the overall market growth.
Regions of Automotive LED Lighting market
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PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT •2.1 Preface •2.2 Preface •2.3 Currency conversion rates for US$ PART 03: MARKET LANDSCAPE •Market ecosystem •Market characteristics •Market segmentation analysis PART 04: MARKET SIZING •Market definition •Market sizing 2018 •Market size and forecast 2018-2023 PART 05: FIVE FORCES ANALYSIS •Bargaining power of buyers •Bargaining power of suppliers •Threat of new entrants •Threat of substitutes •Threat of rivalry •Market condition PART 06: MARKET SEGMENTATION BY APPLICATION •Market segmentation by application •Comparison by application •Exterior lighting – Market size and forecast 2018-2023 •Interior lighting – Market size and forecast 2018-2023 •Market opportunity by application PART 07: MARKET SEGMENTATION BY VEHICLE TYPE •Market segmentation by vehicle type •Comparison by vehicle type •Passenger cars – Market size and forecast 2018-2023 •Commercial vehicles – Market size and forecast 2018-2023 •Market opportunity by vehicle type PART 08: CUSTOMER LANDSCAPE PART 09: GEOGRAPHIC LANDSCAPE •Geographic segmentation •Geographic comparison •APAC – Market size and forecast 2018-2023 •Europe – Market size and forecast 2018-2023 •North America – Market size and forecast 2018-2023 •South America – Market size and forecast 2018-2023 •MEA – Market size and forecast 2018-2023 •Key leading countries •Market opportunity PART 10: DECISION FRAMEWORK PART 11: DRIVERS AND CHALLENGES •Market drivers •Market challenges PART 12: MARKET TRENDS •Development of hybrid LED headlights •Growing popularity of adaptive lighting systems •Growing popularity of OLED lighting technology PART 13: VENDOR LANDSCAPE •Overview •Landscape disruption •Competitive scenario PART 14: VENDOR ANALYSIS •Vendors covered •Vendor classification •Market positioning of vendors •Hella GmbH and Co. KGaA •Hyundai Mobis Co. Ltd. •KOITO Manufacturing Co. Ltd. •LG Electronics, Inc. •Magna International Inc. •Magneti Marelli SpA •OSRAM GmbH •Stanley Electric Co. Ltd. •Valeo SA •Varroc Group PART 15: APPENDIX •Research methodology •List of abbreviations •Definition of market positioning of vendors PART 16: Conclusion
No. of Pages: – 161
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