Automotive LED Lighting Market is poised to grow at a Healthy CAGR between 2025Posted by Hussain on September 7th, 2021 According to a new report published by K D Market Insights, titled, Automotive LED Lighting Market Insights, Trends, Opportunity & Forecast, 2020–2025,” the global automotive LED lighting market size is anticipated to witness exponential growth during the forecast period i.e. 2020–2025. The escalating production & sales of automobiles across the globe, the growing auto manufacturers’ focus on customer comfort and safety, the increasing production of new vehicles equipped with LED lights, the ongoing optical innovations in automotive LED technologies and the surging focus on energy efficiency are the primary factors contributing towards the growth of the global automotive LED lighting market. Additionally, the low cost of the LEDs coupled with their energy efficient and long lasting attributes, the soaring adoption of LED lightings in two wheelers to four wheelers and the amplifying market trend of integrating lights with Advanced Driver Assistance System (ADAS) into autonomous vehicles are expected to further create ample growth opportunities for the global automotive LED lighting market during the forecast period. Global Automotive LED Lighting market provides an in-depth insight into the global market covering all its important chapters which are must read for key industry stakeholders. Report coverage include historical market performance, impact of COVID-19, post-covid scenario of market, forecast for six years, market dynamics including growth drivers, challenges, market opportunities, Porter’s five forces analysis, value chain analysis. It offers a detailed analysis for establishing value chain and market product across other countries. It also presents detailed insights of market segments, their future growth potential and analysis of countries. The Asia- Pacific region is expected to account for the most dominant position in the global automotive LED lighting market over the forecast period. It is also estimated that the region will attain the highest CAGR in the market during the forecast period owing to the rapidly expanding automotive industry and the growing LED penetration in the region. The European region followed by the North American region is expected to account for the second largest share in the market by the end of the forecast period i.e. 2020–2025. This can be attributed to the surging demand for automotive LED lightings and the increasing automotive production coupled with the proliferating adoption of energy efficient lighting sources such as LED in the region. For Sample Report Click:https://www.kdmarketinsights.com/sample/205 According to sales channel, the OEM segment is anticipated to attain the highest CAGR in the market over the forecast period of 2020–2025. The global automotive LED lighting market is segmented into position, vehicle type, sales channel and region. Based on position, the market is bifurcated into front, rear, side and interior. Based on vehicle type, it is classified into passenger car, light commercial vehicle and heavy commercial vehicle. Based on sales channel, it is classified into OEM. The global automotive LED lighting market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa). Key Insights of Automotive LED Lighting Market
Some of the major automotive LED lighting companies profiled in the report include Magneti Marelli S.p.A., Osram, HELLA GmbH & Co. KGaA, Stanley Electric Co. Ltd., Valeo, ZKW Group, Koito Manufacturing Co. Ltd., Toyota Boshoku Corporation, Koninklijke Philips N.V. and SG Automotive. About KD Insights KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant, and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Our dedicated in-house team ensures the reports satisfy the requirement of the client. We aim at providing value service to our clients. Our reports are backed by extensive industry coverage and is made sure to give importance to the specific needs of our clients. The main idea is to enable our clients to make an informed decision, by keeping them and ourselves up to date with the latest trends in the market. Contact Us: KD Market Insights 150 State Street, Albany, New York, USA 12207 +1 (518) 300-1215 Like it? Share it!More by this author |