Automotive Exterior LED Lighting Industry Analysis is Projected to Reach Nearly US$ 1243 Mn by 2022
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Lighting is an important aspect in automobiles and plays a vital role in safety of the vehicle. Automobiles possess different kinds of lights to enhance the visibility in dark conditions and also in the bad weather conditions like fog and smog. In addition, automotive lighting also enhance the visibility of the vehicle. The lighting system in an automobile consists of lighting and signaling devices. Such kind of lighting equipment are located in different places in the vehicle such as front, rear and top. Besides the above functional uses, the automotive lighting also provides illumination for the driver in order to drive the vehicle. It aids the other vehicle drivers and pedestrians on the road to see the position of the vehicle, gauge the direction of the vehicle and its size and to take precautionary measures. Besides, the lightings also add an aesthetic value to the vehicle making it look glossy and beautiful.
This Fact.MR report on the global automotive exterior LED lighting market forecasts that the global automotive exterior LED lighting market will touch a value of nearly US$ 1,243 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.
Europe Market Set to Dominate the Global Automotive Exterior LED lighting Market in Terms of Revenue
The market in Europe is set to dominate the global automotive exterior LED lighting market in terms of value and this trend is projected to sustain itself throughout the assessment period. Europe automotive exterior LED lighting market is the most attractive market, growing at a sluggish CAGR over the assessment period.
Front Light Segment Poised to Touch a Value of Nearly US$ 221 Mn in 2022
As per the forecast of Fact.MR, the front light segment is expected to reach a value of nearly US$ 221 Mn in the year 2022. This represents a sluggish CAGR during the forecast period of 2017-2022. Front light segment is expected to account for nearly one-fifth of the revenue share of the product type segment by the year 2017 and is expected to lose market share by the end of the year 2022.
OEM Automotive Exterior LED lighting Segment to exhibit a CAGR of 3.1% During the Assessment Period
As per the forecast of Fact.MR, the OEM automotive exterior LED lighting segment is slated to touch a figure of nearly US$ 499 Mn in the year 2022. This represents a CAGR of 3.1% during the assessment period from 2017 till the year 2022. This segment is expected to gain market share by the end of the year 2022. The OEM automotive exterior LED lighting segment is expected to account for more than one-third of the revenue share of the sales channel segment by the year 2017.
The report also profiles companies that are expected to remain active in the expansion of global automotive exterior LED lighting market through 2022, which include HELLA KGaA Hueck & Co, OSRAM Licht AG, Magneti Marelli S.p.A., Koito Manufacturing Co., Ltd, Stanley Electric Co. Ltd, Koninklijke Philips N.V, Valeo SA, Zizala Lichtsysteme GmbH, Texas Instruments Incorporated, Lumax Industries Ltd, Imasen Electric Industrial Co., Ltd and Changzhou Xingyu Automotive Lighting Systems Co., Ltd.
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Table of Content
1. Global Automotive Exterior LED Lighting Market - Executive Summary
2. Global Automotive Exterior LED Lighting Market Overview
2.1.1. Global Automotive Exterior LED Lighting Market Taxonomy
2.1.2. Global Automotive Exterior LED Lighting Market Definition
2.2. Global Automotive Exterior LED Lighting Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Exterior LED Lighting Market Y-o-Y Growth
2.3. Global Automotive Exterior LED Lighting Market Dynamics
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 Exterior LED Lighting Market Analysis and Forecast By Product Type
3.1. Global Automotive Exterior LED Lighting Market Size and Forecast By Product Type, 2012-2022
3.1.1. Front Light Automotive Exterior LED Lighting Market Size and Forecast, 2012-2022
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
3.1.2. Parking Light Automotive Exterior LED Lighting Market Size and Forecast, 2012-2022
188.8.131.52. Revenue (US$ Mn) Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
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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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