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Automotive Interior LED Lighting Market Anticipates to Record a CAGR of 2.9% by 2022

04-09-2018 02:56 PM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Fact.MR

Fact.MR

The global market discussion on automotive interior led lighting industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Automotive Interior LED Lighting Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on automotive interior led lighting market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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Automotive manufacturers are seeking out new ways of differentiating their products in this era of cutthroat competition and an effective way to do so is with automotive interior LED lighting. The automotive interior LED lighting market is characterized by a small number of companies with high barriers to entry. Although consumers have shown a preference for Interior LED lighting, the high price of this technology acts as a major barrier to widespread adoption. In addition, LED lighting is dependent on the temperature in the operating environment. Extreme heat could lead to LED lighting failure, making it challenging to incorporate in automotive interiors that face a large range of temperature variations across different terrains.

According to Fact.MR, the automotive interior LED lighting market is expected to be worth over US$ 670 million in 2022 – recording a sluggish CAGR of 2.9%.

Ambient Lighting a Close Second in Automotive Interior LED Lighting Market

The ambient lighting segment represents a quarter of the revenue share in the automotive interior LED lighting market. Ambient lighting across the vehicle dramatically transforms its look, making it very appealing to customers. Once reserved for luxury and premium passenger cars, it has slowly but surely made its way to compact cars as well. Companies may wish to target the North America ambient lighting market as the continent is predicted to record the highest CAGR of 3.8% from 2017 to 2022.

Heads-Up Display a Niche in the Automotive Interior LED lighting market

A heads-up display as its name suggests, provides all the necessary information that occupants could possibly need directly on the windscreen and it is typically on the driver’s side. This is largely the preserve of high end premium and luxury vehicles which is why Europe contributes the largest share to the heads-up display market in the automotive interior LED lighting market. The continent has a longstanding heritage in luxury cars and this segment is on track to exceed US$ 6 million by the end of the forecast period.

Dashboard Lighting Attractive in Automotive Interior LED Lighting Market

The dashboard lighting segment accounts for a third of the revenue share by product type in the automotive interior LED lighting market. Customers have shown a strong preference for interior LED lighting on the dashboard as this is often the first touch point in the vehicle and where companies can incorporate their greatest design flourishes in the automotive interior LED lighting market. A market opportunity exceeding US$ 210 million by the end of the forecast period makes it extremely lucrative for all key stakeholders.

Browse Full Report with TOC- https://www.factmr.com/report/185/automotive-interior-led-lighting-market

Table of Content:

1. Global Automotive Interior LED Lighting Market - Executive Summary

2. Global Automotive Interior LED Lighting Market Overview
2.1. Introduction
2.1.1. Global Automotive Interior LED Lighting Market Taxonomy
2.1.2. Global Automotive Interior LED Lighting Market Definition
2.2. Global Automotive Interior LED Lighting Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Interior LED Lighting Market Y-o-Y Growth
2.3. Global Automotive Interior LED Lighting Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Automotive Interior LED Lighting Market Analysis and Forecast By Product Type
3.1. Global Automotive Interior LED Lighting Market Size and Forecast By Product Type, 2012-2022
3.1.1. Dashboard Lights Automotive Interior LED Lighting Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Ambient Lighting Automotive Interior LED Lighting Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Dome and Map Lighting Automotive Interior LED Lighting Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region

Continued….

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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