Automotive LED Lighting Market 2018: Development Strategy, Revenue Analysis, Latest Innovations, Analytical Overview, Company Profile, Competitive Landscape and global Trends by Forecast 2022

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Market Research Future published a research report on “Automotive LED Lighting Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Scenario:

The automotive light emitting diode lighting market is growing because of the low cost of the LED and efficient working of it. LEDs are small, solid light bulbs which are extremely energy efficient and long lasting. The long life of LED lamps was initially attractive, however, low brightness and high cost meant that they were generally restricted to use in dashboards.

Along with technology development in the vehicles, automated LED lighting is one of them. Increased consumption of these can be seen from two wheelers to four wheelers. The adoption of it is growing day by day. The segmentation of it on the basis of position in the vehicle is done. It can be fixed in the front, rear, side and interior of the vehicles. LED lighting ability is to improve total plant productivity. By connecting advanced lighting controls to industrial automation systems, LED lighting can save time and costs, and also provide business intelligence data, reduce waste and redundancies, and enhance plant operations.

The Automotive LED Lighting Market is segmented on the basis of position and adaptive lighting. The position segment consists front, rear, side and interior. The adaptive lighting is segmented on the basis of front adaptive lighting, rear adaptive lighting and ambient adaptive lighting. Adaptive headlights are helpful when driving on winding roads at night, during twilight, or in other low-light conditions. They can address many potentially dangerous situations. Adaptive headlights do not compensate for unsafe driving or poor road conditions. Drivers must still take extra precautions when driving at night, and should continue to use safe driving practices at all times.

The global automotive LED lighting market is expected to grow approximately at USD 20 Billion by 2022, approx.9% of CAGR between 2016 and 2022.

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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.

Key Players

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.

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Intended Audience

  • Investors and consultants
  • System Integrators
  • Government  Organizations
  • Research/Consultancy firms
  • Technology solution providers
  • Automobile Manufacturers

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