AUTOMOTIVE EXTERIOR LED LIGHTING MARKET 2022: INDUSTRY SURVEY, MARKET SIZE, COMPETITIVE TRENDS, OUTLOOK AND FORECASTS

A fresh study, covering “Automotive Exterior LED Lighting Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” has been broadcasted to wide online repository of Fact MR, which presents deep focus on the Automotive Market. This smart study contains precise data that offers a clear insight about market current scenario and future projections for the benefit of readers. Moreover, the study enclosed significant data which tends to make the research a powerful source for analysts and industry experts who are looking to gain necessary knowledge about the prevailing market trends, opportunities and drivers present in the Automotive Tow Bars Market.

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Lighting is an important functional aspect of any automobile as it enables the driver to drive the vehicle effectively. Lighting also plays an important part in the safety of the vehicle. The lighting components in the automobiles enable the driver to see in darkness and in adverse weather conditions such as intense fog or smog. Besides, the automotive lightings also provide guidelines and visibility for other vehicles and for the pedestrians, enabling them to see the size and direction of the vehicle and take precautionary measures to avoid collision. Besides these functional aspects, the lighting in automobiles also add an aesthetic value and add to the gloss of the vehicle and make it more attractive. Presently, LED lightings are being used for the purpose of automotive lighting and have replaced the older technology of halogen lighting. Increasing demands for energy efficiency in vehicles and a number of government regulations regarding vehicle safety have made automotive exterior LED lighting popular. The growing demand for automobiles around the world, increased customization demands from the consumers and ever growing production of automobiles are driving factors for this market. However, the high cost of LED lighting coupled with an astronomical research and development costs and an uncertain economic situation in European region are projected to restrict the market growth for automotive LED lighting during the assessment period.

Europe Market Set to Dominate the Global Automotive Exterior LED lighting Market in Terms of Revenue

The market in Europe is set to dominate the global automotive exterior LED lighting market in terms of value and this trend is projected to sustain itself throughout the assessment period. Europe automotive exterior LED lighting market is the most attractive market, growing at a sluggish CAGR over the assessment period.

Front Light Segment Poised to Touch a Value of Nearly US$ 221 Mn in 2022

As per the forecast of Fact.MR, the front light segment is expected to reach a value of nearly US$ 221 Mn in the year 2022. This represents a sluggish CAGR during the forecast period of 2017-2022. Front light segment is expected to account for nearly one-fifth of the revenue share of the product type segment by the year 2017 and is expected to lose market share by the end of the year 2022.

OEM Automotive Exterior LED lighting Segment to exhibit a CAGR of 3.1% During the Assessment Period

As per the forecast of Fact.MR, the OEM automotive exterior LED lighting segment is slated to touch a figure of nearly US$ 499 Mn in the year 2022. This represents a CAGR of 3.1% during the assessment period from 2017 till the year 2022. This segment is expected to gain market share by the end of the year 2022. The OEM automotive exterior LED lighting segment is expected to account for more than one-third of the revenue share of the sales channel segment by the year 2017.

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Table of Content:

1. Global Automotive Exterior LED Lighting Market - Executive Summary

2. Global Automotive Exterior LED Lighting Market Overview

2.1. Introduction

2.1.1. Global Automotive Exterior LED Lighting Market Taxonomy

2.1.2. Global Automotive Exterior LED Lighting Market Definition

2.2. Global Automotive Exterior LED Lighting Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Automotive Exterior LED Lighting Market Y-o-Y Growth

2.3. Global Automotive Exterior 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

3. Global Automotive Exterior LED Lighting Market Analysis and Forecast By Product Type

3.1. Global Automotive Exterior LED Lighting Market Size and Forecast By Product Type, 2012-2022

3.1.1. Front Light Automotive Exterior 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

3.1.2. Parking Light Automotive Exterior LED Lighting Market Size and Forecast, 2012-2022

3.1.2.1. Revenue (US$ Mn) Comparison, By Region

3.1.2.2. Market Share Comparison, By Region

3.1.2.3. Y-o-Y growth Comparison, By Region

Continued….

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