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Progressive Research Report on Automotive Interior LED Lighting Market Size & Share Driven by Thriving Automotive, Aerospace and Construction Industries 2017-2022 Including Key Players: HELLA KGaA Hueck & Co, OSRAM Licht AG, Magneti Marelli Spa, Koito Man
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.The scope of the report is to analyze the global automotive interior LED lighting market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive interior LED lighting manufacturers, suppliers, and stakeholders in the overall automotive industry can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.
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Setting foot in the automotive interior LED lighting market today is considered a blue ocean strategy as there are comparatively few contestants that have divided the market amongst themselves. Even though consumers have expressed a preference for these modern day marvels, the high cost of LED’s is a major restraint challenging the long term growth prospects of the automotive interior LED lighting market. In addition to this, LED lighting is highly dependent on the temperature of the operational environment. Overheating could lead to automotive interior LED failure and this is especially relevant in today’s age of global warming that has affected both emerging and developed markets equally.
LED stands for light emitting diode technology and they are increasingly used as an alternative to halogen bulbs in the automotive interior LED lighting market. LED lights are used in almost all lighting applications indoors and outdoors today ranging from automotive interior lighting all the way to horticulture.
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.
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.
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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.
The Fact.MR report on the automotive interior LED lighting market has analyzed the major players that compete in the automotive interior LED lighting market. Some of them are HELLA KGaA Hueck & Co, OSRAM Licht AG, Magneti Marelli Spa, Koito Manufacturing Co., Stanley Electric, Koninklijke Philips N.V, Valeo SA, Ichikoh Industries Ltd, Changzhou Xingyu Automotive Lighting Systems Co., and Texas Instruments.
Table of Contents
Global Automotive Interior LED Lighting Market - Executive Summary
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
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
Continued……………………….
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