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.
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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.
The 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.
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.
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- Automobile Manufacturers
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Table Of Contents
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
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