Global Automotive LED Lighting Market: Trends & Opportunities (2016 Edition)
Description-
The report titled “Global Automotive LED Lighting Market: Trends & Opportunities (2016 Edition)” provide an in-depth analysis of the global automotive LED Lighting market with detailed analysis of market size and growth, market share and economic impact of the industry. The report also provides market size of the global automotive lighting market.
The report provides detailed regional analysis of Europe, Asia-Pacific (Japan) and Rest of the world for the automotive LED lighting market.
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Furthermore,
the report also assesses the key opportunities in the market and
outlines the factors that are and will be driving the growth of the
industry. Growth of the global automotive lighting market and global
automotive LED lighting market has also been forecasted for the
period 2016-2020, taking into consideration the previous growth
patterns, the growth drivers and the current and future trends. The
market for global automotive LED lighting is fragmented and major
competitors are Koito, Stanley, Hella and Magneti Marelli. Further,
key players of the global automotive LED lighting market are also
profiled with their financial information and respective business
strategies.
Country
Coverage
- Asia Pacific (Japan)
- Europe
- ROW
Company
Coverage
- Koito Manufacturing Co. Ltd.
- Stanley Electric
- Hella
- Magneti Marreli
Executive
Summary
Generally
the automotive lighting uses three technologies for the lamps which
could be LED technology, HID/Xenon or Halogen. The LEDs (Light
Emitting Diodes) are the most recent technology to be used by the
automotive industry. The LEDs are used more because of the changing
technology and demand for more energy efficiency.
There
are two main segments of automotive lighting system which are
classified as Exterior Automotive Lighting and Interior Automotive
Lighting. There are various sub segments of the exterior and the
interior segments of the automotive lighting market, which are
Auxiliary Lights, Headlights, Tail lights, Side Lights, Interior
Lights, Parking Lights, Brake Light, Fog Lights and Daytime Running
Light.
Global
Automotive LED Lighting market has increased at a significant annual
growth rate in 2015 as compared to the preceding year and projections
are made that the market would rise in the next five years i.e.
2016-2020 tremendously. The upsurge in the market was due to various
factors such as rapid growth in the global automotive industry,
increasing focus on fuel and energy efficiency, etc.
The
major growth drivers for the automotive LED lighting market are
increasing sales of lightweight vehicles worldwide, growing
automobile industry, increasing LED penetration and focus on energy
efficiency. Despite the market is governed by various growth drivers,
there are certain challenges faced by the market such as slow growth
of vehicle sales in BRIC nations, high costs of LED, high research
and development costs, etc.
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ResearchMoz
Mr. Nachiket Ghumare,
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Mr. Nachiket Ghumare,
Tel: +1-518-621-2074,
USA-Canada Toll Free: 866-997-4948,
Email: sales@researchmoz.us,
Website: http://www.researchmoz.us
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