Pune, India -- (SBWIRE) -- 07/31/2018 -- Market Highlights
The growing adoption of environment hazard free vehicles and efficient power utilization system is driving the automotive LED lighting market. The North America, Europe and Asia-Pacific is estimated to be one of the leading region in this automotive LED lighting technology. This is mainly because of the increasing focus of the market players in dwelling the demands of cost effective, low power consumption, efficient lighting system and less CO2 emission from vehicles is driving the market. Also the leading players is expected to develop advanced LED lamps and technologies in shaping the global market.
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The automotive LED lighting market is growing rapidly at approx. 9% CAGR and is expected to reach approximately USD 20 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "The Automotive LED Lighting Market Research Report -Forecast to 2022".
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.
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.
Automotive LED lighting market for segment on the basis of position, vehicle type and adaptive lighting.
Automotive LED Lighting Market by Position:
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
Automotive LED Lighting Global Market – Competitive Analysis
Highly competitive market of the Automotive LED Lighting is totally dependent on automobile sales and is driven by the increase in automotive production. The market appears to be fragmented owing to the presence of several large and small key players accounting for a substantial market share. Well established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain competitive advantage in this market and to maintain their market position. These players emphasis upon new product development initiatives, and geographical expansion. The global Automotive LED Lighting market is anticipated to witness relentless innovations and development of new products, eventually result in intense competition among the automotive lighting manufacturers.
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