LED Lighting for Public Transportation Vehicles Global Market Forecast & Analysis 2015-2022

The use of LED-based lamps/devices in public transportation vehicles is forecast to reach $1.9 Billion in 2022

ReportsWorldwide has announced the addition of a new report title LED Lighting for Public Transportation Vehicles Global Market Forecast & Analysis 2015-2022 to its growing collection of premium market research reports. The report provides actual consumption (use) market data for 2015, plus the year-by-year forecast through 2022.

This report provides actual consumption (use) market data for 2015, plus the year-by-year forecast through 2022.
According to the market research study, the worldwide value of LED-based lamps/devices on public transportation vehicles reached $1.36 billion in 2015.

During the 2015-2022 timeline, the consumption (use) value is forecast to increase at an average annual rate of 4.92 percent to $1.9 billion in 2022. Market forecast data refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.

The Asia Pacific region (APAC) led in global consumption with 51.4 percent in relative market share in 2015. The EMEA region (Europe, Middle East and Africa countries) held a 25.6 percent share of the worldwide public transit vehicle LED lamp/device consumption value, last year. The American region (South, Central and North America) region, led by the United States, is forecast to remain in the third-place position throughout the forecast period.

To view a detailed description and Table of Contents please visit: https://www.reportsworldwide.com/report/led-lighting-for-public-transportation-vehicles-global-market-forecast-analysis-2015-2022

The Bus (vehicle) category held the lead in relative market share of global consumption with 37.1 percent ($505 million) in 2015. The (more) mature bus category is forecast to increase at a relatively slower pace versus the light-rail/tram public transportation modes, the rapid transit/metro vehicle types, and the high-speed and commuter vehicle types. The Rapid-transit/Metro vehicle category is forecast to eventually capture the market share lead in 2018, before the Bus category regains the lead in 2022, due to saturation of LEDs in the rapid transit/metro vehicle types.

For the purposes of this study, ElectroniCast defines public transportation as a shared passenger transportation service, which is available for use by the general public. Public transportation vehicles, included in this study, are listed below. Note: aircraft and taxis are not included in this analysis.

The LED lighting public transportation vehicles global market is segmented into the following vehicle (type) categories and sub-categories as internal and external:

• Bus
• Rail and Rapid Transit Vehicles
• Light-Rail, Tram/Trolley/Streetcar
• Rapid Transit/Metro and Subway/Underground
• High-Speed, Commuter/Intercity and Long-Distance
• Watercraft/Ferries

The market forecast is also segmented into the following product-type:

• LED Linear Lamps (Tubes)
• LED-based Back Light Unit (BLU) Bars for LCD Display Screens
• LED Signage/Destination Sign Board Modules
• Other/Miscellaneous LED Lamps and Luminaries

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This release was published on openPR.