Market Research Reports, Inc. has announced the addition of “LED Lighting in Public Transportation Vehicles - Global Market Forecast & Analysis 2017-2024” research report to their website www.MarketResearchReports.com
Lewes, DE -- (SBWIRE) -- 04/09/2018 -- Worldwide use of light emitting diode-lighting lamps/devices used in Public Transportation Vehicles. The report provides estimated consumption market data for 2017, plus the year-by-year forecast through 2024.
According to the market research study, the worldwide value of selected LED-based lamps/devices on public transportation vehicles reached $1.77 billion in 2017.
The Asia Pacific region (APAC) led in global consumption with 53 percent in relative market share in 2017. The EMEA region (Europe, Middle East and Africa countries) held a 26 percent share of the public transit vehicle LED lamp/device consumption value, last year. The American region (South, Central and North America) region, led by the United States, is forecast to remain in the third-place position throughout the forecast period.
The bus (vehicle) category held the lead in relative market share of global consumption with $598 million in 2017. The (more) mature bus category is forecast to increase at a relatively slower pace versus the light-rail/tram public transportation modes, the rapid transit/metro vehicle types, and the high-speed and commuter vehicle types. The Rapid-transit/Metro vehicle category is forecast to slowly narrow the gap versus the Bus category, over the forecast period. Publisher also includes watercraft (ferries) in this market forecast and analysis.
7-Year Market Forecast
This is the Publisher analysis and forecast of global market consumption of light emitting diode-based lamps and related devices used in public transportation vehicles. For the purposes of this study, Publisher defines public transportation as a shared passenger transportation service, which is available for use by the general public. Public transportation vehicles, included in this study, are listed below. Note: aircraft and taxis are not included in this analysis.
The LED lighting public transportation vehicles global market is segmented into the following vehicle (type) categories and sub-categories:
Rail and Rapid Transit Vehicles
Rapid Transit/Metro and Subway/Underground
High-Speed, Commuter/Intercity and Long-Distance
The market forecast is also segmented into the following product-type:
LED Linear Lamps (Tubes)
LED-based Back Light Unit (BLU) Bars for LCD Display Screens
LED Signage/Destination Sign Board Modules
Other/Miscellaneous LED Lamps and Luminaries
The consumption value is determined by multiplying the number of units by the average selling price. The average selling prices are based on the price of the LED lamps/ devices at the initial factory level. The consumption values are based on the end-user application and the end-user region.
Publisher specializes in forecasting technology and global market trends in electronics, fiber optics, light emitting diodes (LEDs), advanced photonics, integrated circuits, microwave/wireless, and network communications. As an independent consultancy, Publisher offers multi-client and custom market research studies to the world's leading companies based on comprehensive, in-depth analysis of quantitative and qualitative factors.
The product life cycles of high technology electronic products are short, and will continue to shrink. For success, it is vital to target the right products for development and to introduce them to the market at the right time. Decisions on major R&D and facility investments must be made before competitors' products seize the market—and these decisions must be made quickly. Publisher's fast-turn-around analysis and forecasts help you catch the windows of opportunity.
The 2017-2024 market data are segmented into the following geographic regions, plus a Global summary:
America (North America, Central and South America)
EMEA (Europe, Middle East, plus Africa)
APAC (Asia Pacific)
The market forecast data are presented for LED lamps/devices, segmented by the following functions:
Consumption Value (US$, million)
Average Selling Prices (ASP $, each)
This study is based on analysis of information obtained continually over the past several years, but updated through early April 2018. During this period, Publisher analysts performed interviews with selected authoritative and representative individuals in the LED lighting product manufacturing, LCD TV/monitor manufacturing, and advertisement, mass transit authorities, transportation/infrastructure, R&D, display and retail industry, mobile/portable device developers, government, and other. The interviews were conducted principally with:
Engineers, marketing personnel and management at manufacturers of LEDs (chips, components, lamps and fixtures) and LCD, as well as other technologies.
Design group leaders, engineers, marketing personnel and market planners at major users and potential users of LEDs.
Other industry experts, including those focused on standards activities, trade associations, and investments.
The interviews covered issues of technology, R&D support, pricing, contract size, reliability, documentation, installation/maintenance crafts, standards, supplier competition and other topics.
Selected customers and distributors also were interviewed, to obtain their estimates of quantities received and average prices paid. Customer estimates of historical and expected near term future growth of their application are obtained. Their views of use of new technology products were obtained.
The analyst then considered customer expectations of near term growth in their application, plus forecasted economic payback of investment, technology trends and changes in government regulations and funding/tax-break legislation/rules in each geographical region, to derive estimated growth rates of quantity and price of each product subset in each application. These forecasted growth rates are combined with the estimated baseline data to obtain the long-range forecasts at the lowest detailed level of each product and application.
A full review of published information was also performed to supplement information obtained through interviews.
The following sources were reviewed:
Professional technical journals and papers
Trade press articles
Technical conference proceedings
Company profile and financial information
Additional information based on previous Publisher market studies
Personal knowledge of the research team.
In analyzing and forecasting the complexities of the American and other world region markets for light emitting diode products, it is essential that the market research team have a good and a deep understanding of the technology and of the industry. Publisher members who participated in this report were qualified.
Publisher forecasts are developed initially at the lowest detail level, and then summed to successively higher levels. The background market research focuses on the amount of each type of product used in each application in the base year (last year), and the prices paid at the first transaction from the manufacturer. This forms the base year data. Publisher analysts then forecast the growth rates in component quantity use in each application, along with price trends, based on competitive, economic and technology forecast trends, and apply these to derive long term forecasts at the lowest application levels. The usage growth rate forecasts depend heavily on analysis of overall end user trends toward optical communication equipment usage and economic payback.
Spanning over 203 pages "LED Lighting in Public Transportation Vehicles - Global Market Forecast & Analysis 2017-2024" report covers Executive Summary, LED-based Lamps used in Public Transit Vehicles Market Forecast by Vehicle Type, LED-based Lamps in Public Transit Vehicles Market Forecast by Product Type, Market Research Methodology, Market Forecast Data Base Explanation.
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