The Global Automotive LED Lighting Market is forecast to grow at a CAGR of 20.93% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend affecting this market is the growing popularity of adaptive lighting systems. The adoption of adaptive lighting systems is increasing owing to the additional safety and comfort features offered for the driver.
According to the report, one driver influencing this market is the reduction in the cost of LED lighting. The use of LED lighting systems for automotive cabin lighting has reduced the total power consumed by automotive lighting by more than 80% in comparison to halogen and xenon lighting systems.
Further, the report states that one challenge affecting this market is the high cost associated with raw materials required for manufacturing LEDs. For instance, the cost of plastic and other materials used for manufacturing LEDs is increasing.
- Magneti Marelli
- Varroc Group
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Application
8. Market Segmentation by Vehicle Type
9. Customer Landscape
10. Regional Landscape
11. Decision Framework
12. Drivers and Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/d2bp5z/automotive_led?w=4