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2022 Automotive Light Emitting Diode (LED) Bulbs Market Growth, Segmentation, Industry Analysis, Top Key Players | SG Automotive, Hella, KOITO, Magneti Marelli, OSRAM, Valeo, Stanley Electric Co. Ltd.
Automotive Light Emitting Diode (LED) Bulbs Market
The regions covered in the automotive light emitting diode (LED) bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest automotive light emitting diode (LED) bulbs market share.
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The automotive light emitting diode bulb manufacturing market consists of sales of LED automobile bulbs that are an upgrade over the standard filament bulbs used in sidelights, fog lights, brake lights, indicators, number plates and more. LED bulbs give off a bright, distinctive glow and last longer than standard bulbs, with up to 5000 hours of rated life.
Key competitors in the automotive light emitting diode (LED) bulbs market include SG Automotive, Hella, KOITO, Magneti Marelli, OSRAM, Valeo, Stanley Electric Co. Ltd., Varroc, Koninklijke Philips N.V., Magneti Marelli, and Koito Manufacturing.
The global automotive light emitting diode (LED) bulbs market size is expected to grow from $8.02 billion in 2021 to $9.21 billion in 2022 at a compound annual growth rate (CAGR) of 14.9%.The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive light emitting diode bulb manufacturing market is expected to reach $15.61 billion in 2026 at a CAGR of 14.1%.
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TBRC's report segments the global automotive light emitting diode (LED) bulbs market:
1) By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)
2) By Adaptive Lighting: Front Adaptive Lighting, Rear Adaptive Lighting, Ambient Adaptive Lighting
3) By Sales Channel: OEM, Aftermarket
Read Further On The Automotive Light Emitting Diode (LED) Bulbs Market Here:
https://www.thebusinessresearchcompany.com/report/automotive-light-emitting-diode-bulbs-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Automotive Light Emitting Diode (LED) Bulbs Market Characteristics
3. Automotive Light Emitting Diode (LED) Bulbs Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Light Emitting Diode (LED) Bulbs
5. Automotive Light Emitting Diode (LED) Bulbs Market Size And Growth
.....
27. Automotive Light Emitting Diode (LED) Bulbs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Light Emitting Diode (LED) Bulbs Market
29. Automotive Light Emitting Diode (LED) Bulbs Market Future Outlook and Potential Analysis
30. Appendix
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