Automotive LED Lighting Market Research Report by Forecast to 2022
Pune, India -- (SBWIRE) -- 05/30/2017 -- Market Highlights:
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.
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.
Major Key Players:
-Osram Licht AG (Germany)
-Magneti Marelli S.P.A (Italy)
-Koito Manufacturing Co.Ltd (Japan)
-Stanley Electric Co.Ltd (Japan)
-Koninklijke Philips N.V. (Netherlands)
-Hyundai Group (South Korea)
-Toyota Motor Corporation (Japan)
-Tata Motors Limited (India)
-Zizala Lichtsysteme Gmbh (Austria)
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The automotive LED lighting market has been segmented on the basis of type of position, vehicle type and adaptive lighting. On basis of adaptive lighting the market is segmented into of front adaptive lighting, rear adaptive lighting and ambient adaptive lighting. The front adaptive lighting technology implementation is seen first on Audi top of the line A8 model. Improving night-time visibility with adaptive front-lighting systems and improving automotive lighting.
-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:
-Light Commercial Vehicle (LCV)
-Heavy Commercial Vehicle (HCV)
Automotive LED Lighting Market by Adaptive Lighting:
-Front Adaptive Lighting
-Rear Adaptive Lighting
-Ambient Adaptive Lighting
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.
-Investors and consultants
-Technology solution providers
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Market Research Analysis:
Market Research Future Analysis shows that new adoptions of LED lights and technologies, revolution in automotive infrastructure is driving the automotive LED lighting market. Regional analysis for automotive LED lighting market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world.
North America region followed by Asia-Pacific and Europe is estimated to be the leader in automotive LED lighting market. The Asia-Pacific region is estimated to account for largest share in the automotive LED lighting market both in total general lighting and LED lighting. Heavy demand for new construction and increasing LED affordability will strengthen the market.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
List of Tables
Table 1 Automotive Led Lighting Market, By Position
Table 2 Automotive Led Lighting Market, By Vehicle Type
Table 3 Automotive Led Lighting Market, By Adaptive Lighting
List of Figures
Figure 1 Research Network Solution
Figure 2 Automotive Led Lighting: By Position (%)
Figure 3 Automotive Led Lighting: By Vehicle Type (%)
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