Automotive LED Lighting market in America 2016 size, share, growth, trends, review, research, industry analysis and forecast by Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 03/24/2016 -- LED lighting, also known as solid-state lighting, is a semiconductor-based lighting technology. LED lights comprise lighting and signaling devices that are mounted or integrated to the exterior or interior of a vehicle. Automotive LED Lighting market in Americas to grow at a CAGR of 25.26% over the period 2014-2019. A lighting system provides vehicle safety and road illumination. It can also display information about the vehicle's presence, position, speed, size, and direction to oncoming vehicles. Automotive lighting plays a major role in safety, provides a high level of comfort as occupants can better view the inside of the vehicle, and also forms a major part of vehicle styling. The technology used in automotive LED lighting has improved significantly in terms of heat-light ratio. LED lights consume less power, and have a longer lifespan and greater shock resistance. Currently, the Automotive LED Lighting market in Americas is undergoing a radical change, fueled by falling prices of raw materials, exponential vehicle production, and a drive toward greater energy efficiency.
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The key trend upcoming in this market is the increased use of LED headlamps. LED headlamps increase occupant safety as they are powerful and provide constant high-light quality, which allows for illumination at longer distances. These headlamps also reduce energy consumption and improve the esthetic appeal of vehicles.
LED lighting is used for several application in segments such as residential, office, retail, hospitality, industrial, outdoor, and architectural. LEDs are highly efficient and moderately priced, which can address key issues such as energy crises, resource scarcity, and climate change. Thus, the use of LED lighting enhances safety in cities and productivity in offices.
"Many vehicle manufacturers are involved in associations with lighting manufacturers to supply lamps in their vehicles,".
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Covered in this Report
This report covers the present scenario and the growth prospects of the Automotive LED Lighting market in Americas for the period 2015-2019. The report covers revenue generated through the sales of automotive LED lighting solutions across the region. It covers revenue generated through the sale of headlamps, rear lamps, fog lamps, side lamps, and interior lamps. It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of this market and also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Automotive LED Lighting Market in Americas 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas; it also covers the Automotive LED Lighting market in the Americas landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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"They are increasingly partnering with other businesses to develop products that are of better quality and more efficient."
To define the market conditions in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.