OEM's in Automotive Exterior LED Lighting Market to Record CAGR of 3% and Increase in Revenue by 2022 - States Fact.MR
Moreover, the growth outlook of global automotive exterior LED lighting market is foreseen to gain a major boost through the next few years, from the recent cut down of LED prices.
To get in-depth information view the report - https://www.factmr.com/report/150/automotive-exterior-led-lighting-market
According to a new research report released by Fact.MR, the global automotive exterior LED lighting market is likely to observe sluggish growth over the next five-year assessment period, possibly approaching the valuation of US$ 1.2 Bn by 2022 end.
“The key players in automotive exterior LED lighting market will maintain the research spotlight on input voltage, temperature, and vibration, as these parameters dictate the tests and standards.
Passive expansion of automotive exterior LED lighting market will prominently be the result of the complexity to meet stringent safety regulations established by government authorities,” says the expert research analyst, Fact.MR.
Besides growing expansion of the application base of automotive exterior LED lighting beyond headlamps, increasing necessity for complete replacement of conventional incandescent lighting is anticipated to drive adoption of automotive exterior LED lighting at a global level.
Superior endurance and energy efficiency of automotive exterior LED lighting over traditional xenon or halogen lighting systems will enable the former to maintain an edge in years to come.
Osram has been an active innovator in the automotive exterior LED lighting space; the recent premium Retrofits range by Osram includes rear indicator lights, front and back indicator lights, parking and marker lights, brake lights, tail light, number plate lights – traversing white, red, and amber colored LED lamps.
To Know the COVID-19 Impact on Europe Region, Request for Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=150
Front light, estimated for the revenue of over US$ 200 Mn by 2022 end, is presumed to maintain the lead over other product types throughout the forecast period.
Losing a significant value share from almost one-fifth of the total market revenue share registered in 2017, front light is likely to see a declining scenario towards the end of projection period.
Parking lights are however projected climb up slightly in terms of market value share in the automotive exterior LED lighting market, reaching nearly US$ 140 Mn by 2022 end.
Among the various vehicle type categories in the global automotive exterior LED lighting market, compact passenger cars are poised to reach the valuation in excess of US$ 300 Mn by 2022 end, and Europe will remain the largest market generating demand for automotive exterior LED lighting for installation in compact passenger cars.
Though projected for a sluggish CAGR over 2017-2022, Europe’s automotive exterior LED lighting market is slated to remain dominant over other regional markets for automotive exterior LED lighting.
Poor growth of European market is attributed to volatile economic conditions that have been impacting industries across the continent in recent years.
Developing economies in Asian rim are most likely to uplift the prospects for automotive exterior LED lighting, attributed to affordable prices and increasing purchasing power of consumers.
Share Your Requirements & Get Customized Reports - https://www.factmr.com/connectus/sample?flag=RC&rep_id=150
With more than 3% CAGR slated for the five-year assessment period, OEMs in the automotive exterior LED lighting market are expected to reach around US$ 500 Mn by 2022 end.
While OEMs recorded a value share of over one-third in the total global automotive exterior LED lighting market in 2017, it is likely that they will exhibit higher attractiveness during the course of examination owing to visibly growing collaborative activities in the automotive exterior LED lighting market landscape.
As indicated by the global automotive exterior LED lighting market report, revenue sales of automotive exterior LED lighting systems through aftermarket will witness a decline over the course of assessment.
While Fact.MR’s global automotive exterior LED lighting market report offers in-depth analysis of strategic profiles of the most significant competitors in automotive exterior LED lighting market, some of the key players include Osram Licht AG, Hella KGaA Hueck & Co., Koito Manufacturing Co., Ltd., and Magneti Marelli S.p.A.
For interesting insights on what factors are posing the negative impact on the global automotive exterior LED lighting market growth, write to the team of expert analysts at Fact.MR.
Buy Now for Exclusive Analyst Support - https://www.factmr.com/checkout/150/S
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website - https://www.factmr.com/
Content Source - https://www.factmr.com/media-release/660/global-automotive-exterior-led-lighting-market
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release OEM's in Automotive Exterior LED Lighting Market to Record CAGR of 3% and Increase in Revenue by 2022 - States Fact.MR here
News-ID: 2276709 • Views: 129
More Releases from Fact.MR
Activewear Market is set to record exponential growth by 2029: Fact.MR
Activewear is an apparel which boosts the performance of athletes during the sports and fitness physical activities by improving the body movements when compared to the regular clothes. Also, the activewear also helps to avoid muscle sprains and other ligament and muscle injuries. The appropriate fitting and proper support provided by these apparels, leads to the rapid growth of the global activewear market. Moreover, the active apparels support unique advantages
Glaucoma Diagnostics Market Globally Expected to Drive Growth through 2019 -2029
Glaucoma is one of the major eye disorder which affects the optic nerve carrying information from eye to brain. According to report from WHO Glaucoma is the second leading cause for total blindness. Traditionally topical medications and laser surgery especially trabeculotomy are principal methods to treatment glaucoma. The high risk due to complications and high cost associated with the treatment procedures have created the grounds for new safe and effective
The Global Demand of Aromatherapy Diffuser Market, Growth Analysis, Latest Trend …
Support from the science community in propounding the benefits of aromatherapy on mental health has had a positive impact on aromatherapy diffuser market. Click Here To get a Sample Report (Including Full TOC, Table & Figures) https://www.factmr.com/connectus/sample?flag=S&rep_id=4639 The resultant prevalence of aromatherapy among millennial consumers drive demand for aromatherapy diffusers during the forecast period (2019-2029). Consumer trends such as meditation, and spa & salon services will heighten demand growth for aromatherapy diffusers.
Global Market for 3D Wheel Aligners to Witness Growing Adoption for Off-Road Veh …
Bad weather conditions and growing disregard for road maintenance is worsening the state of roads in several parts of the world, and wheel alignment systems are witnessing a sharp increase in demand. 3D wheel aligners, a key advancement in wheel alignment systems, are being sought to attain accurate assessment of nonalignment by capturing the condition of wheels and the axle three-dimensionally. Gain complete access to the report - https://www.factmr.com/report/529/3d-wheel-aligners-market The Fact.MR forecast
More Releases for LED
LED Supply Chain
This report covers market size and forecasts of LED Supply Chain, including the following market information: Global LED Supply Chain Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Company, 2019-
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Packaging Market
Global LED Packaging Market is expected to reach US$ 34.29 Bn by 2026 from US$ 18.2 Bn in 2016 at a CAGR of 6.54%. The factors such as increasing demand for high power grade LED packages for lighting applications, rising demand for LED packages in the display panel market, growing government initiatives and regulations for adoption of energy-efficient LED lighting and increasing demand for smart LED lighting solutions are responsible
LED Lighting Optics Market
“Global LED Lighting Optics Market Insights, Forecast to 2025” This report researches the worldwide LED Lighting Optics Market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategies. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on