Press release
Global Automotive LED Lighting Market Research, Market Share, Competitor Strategy, Industry Trends, Forecast to 2022
Market Highlights:The growing adoption of environment hazard free vehicles and efficient power utilization system is driving the automotive LED lighting market. The North America, Europe and Asia-Pacific is estimated to be one of the leading region in this automotive LED lighting technology.
This is mainly because of the increasing focus of the market players in dwelling the demands of cost effective, low power consumption, efficient lighting system and less CO2 emission from vehicles is driving the market. Also the leading players is expected to develop advanced LED lamps and technologies in shaping the global market.
The Automotive LED Lighting Market is growing rapidly at approx. 9% CAGR and is expected to reach approximately USD 20 Billion by the end of forecast period.
Major Key Players:
• Osram Licht AG (Germany)
• Magneti Marelli S.P.A (Italy)
• Koito Manufacturing Co.Ltd (Japan)
• Stanley Electric Co.Ltd (Japan)
• Mercedes-Benz (Germany)
• Koninklijke Philips N.V. (Netherlands)
• Hyundai Group (South Korea)
• Toyota Motor Corporation (Japan)
• Tata Motors Limited (India)
• Zizala Lichtsysteme Gmbh (Austria)
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Automotive LED Lighting Market Segmentation:
The automotive LED lighting market has been segmented on the basis of type of position, vehicle type and adaptive lighting. On basis of adaptive lighting the market is segmented into of front adaptive lighting, rear adaptive lighting and ambient adaptive lighting. The front adaptive lighting technology implementation is seen first on Audi top of the line A8 model. Improving night-time visibility with adaptive front-lighting systems and improving automotive lighting.
The prominent players in the automotive LED lighting market are Osram Licht AG (Germany), Magneti Marelli S.P.A (Italy), Koito Manufacturing Co.Ltd (Japan), Stanley Electric Co.Ltd (Japan), Mercedes-Benz (Germany), Koninklijke Philips N.V. (Netherlands), Hyundai Group (South Korea), Toyota Motor Corporation (Japan), Tata Motors Limited (India), Zizala Lichtsysteme GmbH (Austria), among others.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Automotive LED Lighting Market -Forecast to 2022”.
Segments:
• Automotive LED lighting market for segment on the basis of position, vehicle type and adaptive lighting.
Automotive LED Lighting Market by Position:
• Front
• Rear
• Side
• Interior
Automotive LED Lighting Market by Vehicle Type:
• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)
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Automotive LED Lighting Market by Adaptive Lighting:
• Front Adaptive Lighting
• Rear Adaptive Lighting
• Ambient Adaptive Lighting
Market Research Analysis:
Market Research Future Analysis shows that new adoptions of LED lights and technologies, revolution in automotive infrastructure is driving the automotive LED lighting market. Regional analysis for automotive LED lighting market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world.
North America region followed by Asia-Pacific and Europe is estimated to be the leader in automotive LED lighting market. The Asia-Pacific region is estimated to account for largest share in the automotive LED lighting market both in total general lighting and LED lighting. Heavy demand for new construction and increasing LED affordability will strengthen the market.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Akash Anand,
Market Research Future
Office No. 524/528, Amanora Chambers
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