Key Highlights of Automotive LED Light Market will record a strong CAGR and grow to a value of US$ 6,000 Mn in 2022
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Major factors impacting growth of the automotive LED light market include expansion of automobile industry, surging sales of lightweight vehicles across the globe, focus on energy efficiency, and soaring LED penetration. This Fact.MR report discusses key prospects for growth of global automotive LED light market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies. The scope of the report is to analyze the global automotive LED lights market for the period 2017-2022 and give readers an accurate, unbiased analysis.
Automotive LED Lights to Find Largest Application in Headlamps of Vehicles
Automotive LED lights are expected to find the largest application in headlamps of vehicles, with sales poised to exceed US$ 1,000 Mn in revenues by 2022-end. Brake lights are expected to be the second most lucrative application of automotive LED lights in the global market. In addition, sales of automotive LED lights for application in brake lights and sidelights are projected to register a parallel expansion at 8.7% CAGR through 2022.
Accounting for more than one-third revenue share of the global market, Asia-Pacific excluding Japan (APEJ) will continue to be the most attractive market for automotive LED lights, in terms of revenues. Europe is expected to be the second largest market for automotive LED lights, with sales expanding at a CAGR of 8.5% through 2022.
Key Estimations on Future of Global Automotive LED Light Market
In terms of revenues, aftermarket will continue to be the most lucrative sales channel in the global market, with sales poised to account for more than three-fourth share of the market during 2017 to 2022.
Sales of automotive LED lights in OEM will register a comparatively faster expansion than that in the aftermarket through 2022.
Asia-Pacific excluding Japan (APEJ) is expected to retain its dominance in the market, and revenues from the market in this region will account for over one-third market share during the forecast period.
Europe is anticipated to remain the second most lucrative region for growth of the automotive LED light market, and poised to expand at 8.5% CAGR through 2022.
Headlamps are expected to be the most attractive application segment of automotive LED lights. Revenues from sales of automotive LED lights for headlamps will surpass US$ 1,000 Mn by 2022-end.
Automotive LED light sales for application in sidelights, and brake lights are estimated to exhibit a similar CAGR through 2022.
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Table Of Content:
1. Global Automotive LED Light Market - Executive Summary
2. Global Automotive LED Light Market Overview
2.1.1. Global Automotive LED Light Market Taxonomy
2.1.2. Global Automotive LED Light Market Definition
2.2. Global Automotive LED Light Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive LED Light Market Y-o-Y Growth
2.3. Global Automotive LED Light 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 LED Light Market Analysis and Forecast By Application
3.1. Global Automotive LED Light Market Size and Forecast By Application, 2012-2022
3.1.1. Headlamp Automotive LED Light Market Size and Forecast, 2012-2022
126.96.36.199. Revenue (US$ Mn) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
3.1.2. DRL Automotive LED Light Market Size and Forecast, 2012-2022
220.127.116.11. Revenue (US$ Mn) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
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