News

Automotive Exterior LED Lighting Market: Opportunity Analysis and Industry Forecast up to 2031

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Automotive Exterior LED Lighting market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Automotive Exterior LED Lighting

The report offers actionable and valuable market insights of Automotive Exterior LED Lighting. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Automotive Exterior LED Lighting Market across various industries and regions.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=185

This newly published and insightful report sheds light on Market Insights of Automotive Exterior LED Lighting, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Automotive Exterior LED Lighting Market.

Automotive manufacturers are seeking out new ways of differentiating their products in this era of cutthroat competition and an effective way to do so is with automotive interior LED lighting. The automotive interior LED lighting market is characterized by a small number of companies with high barriers to entry. Although consumers have shown a preference for Interior LED lighting, the high price of this technology acts as a major barrier to widespread adoption. In addition, LED lighting is dependent on the temperature in the operating environment. Extreme heat could lead to LED lighting failure, making it challenging to incorporate in automotive interiors that face a large range of temperature variations across different terrains.

According to Fact.MR, the automotive interior LED lighting market is expected to be worth over US$ 670 million in 2022 – recording a sluggish CAGR of 2.9%.

  • The high price of automotive interior LED lighting made compact carmakers shy away from this technology for some time. However, the consumer demand has compelled them to incorporate it in their products and this segment now contributes nearly a third of the revenue share in the automotive interior LED lighting market. Compact cars are extremely popular in Europe and APEJ and both these regions are anticipated to cross US$ 50 million by the end of the forecast period
  • The mid-sized segment represents a quarter of the revenue share by vehicle type in the automotive interior LED lighting market. This segment is likely to be worth almost US$ 165 million by end 2022, making it imperative for key stakeholders to target it. On the other hand, the premium passenger car segment has a marginal contribution to the automotive interior LED lighting market and it is likely to decline over the study period
  • Commercial vehicles are usually not the first that come to mind when one thinks of the automotive interior LED lighting market. Nonetheless, the light and heavy commercial vehicle segment combined have a revenue share slightly over a quarter of the automotive interior LED lighting market. Therefore, major players in the automotive interior LED lighting market can ignore this vital segment at their own peril
  • The 12V segment dominates the automotive interior LED lighting market with a revenue share nearing 2/3rd in term of volts. A market opportunity just under US$ 440 million in 2022 should be large enough for all the companies to compete in. The 14V segment occupies the balance 1/3rd revenue share. Companies would do well to focus on Europe and APEJ in the 14V segment of the automotive interior LED lighting market
  • The dashboard light segment is the most important in the automotive interior LED lighting market by product type and should remain so for the foreseeable future. The dashboard is usually the first touch point for vehicle occupants and it makes sense for manufacturers to embellish it with attractive LED interior lighting. Both APEJ and Europe are on track to push past US$ 50 million in end 2022 and companies in the automotive interior LED lighting market are advised to take this into consideration

Need more information about Report Methodology? Click here-  https://www.factmr.com/connectus/sample?flag=RM&rep_id=185

Competitive Landscape: Global Automotive Interior LED Lighting Market

  • Hella KGaA Hueck & Co.
  • Osram Licht AG
  • Magneti Marelli S.p.A.
  • Koito Manufacturing Co. Ltd.
  • Stanley Electric
  • Koninklijke Philips N.V
  • Valeo SA

and Texas Instrumentsare a few key players in the competitive space of the global automotive interior LED lighting market.

The report on the automotive interior LED lighting market has profiled companies involved in the automotive interior LED lighting market. Some of the mentioned ones are Texas Instruments, Changzhou Xingyu Automotive Lighting Systems Co., Ichikoh Industries Ltd, Valeo SA, Koninklijke Philips N.V, Stanley Electric, Koito Manufacturing Co., Magneti Marelli Spa, OSRAM Licht AG, and HELLA KGaA Hueck & Co.

Fact.MR, in its report on global automotive interior LED market, has presented a thorough analysis of the market for a for a five-year period 2017-2022 along with a set of critical insights and recommendations to help the readers make informed decisions in the ever-evolving automotive landscape.

The report, spread across 14 chapters, is a result of extensive primary and secondary research on the global automotive interior LED lighting market over the aforementioned timeline, which assays actionable insights on future market direction, competitive landscape, and segment-wise analysis.

Full Access of this Exclusive Report is Available at-  https://www.factmr.com/checkout/185

Key Question answered in the survey of Automotive Exterior LED Lighting market report:

  • Sales and Demand of Automotive Exterior LED Lighting
  • Growth of Automotive Exterior LED Lighting Market
  • Market Analysis of Automotive Exterior LED Lighting
  • Market Insights of Automotive Exterior LED Lighting
  • Key Drivers Impacting the Automotive Exterior LED Lighting market
  • Which are the Key drivers impacted by Automotive Exterior LED Lighting market
  • Restraints Shaping Market Growth
  • Market Survey of Automotive Exterior LED Lighting

More Valuable Insights on Automotive Exterior LED Lighting Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Automotive Exterior LED Lighting, Sales and Demand of Automotive Exterior LED Lighting, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Read More Trending Reports of Fact.MR-

Ground Support Equipment Tires Market – Global Industry Analysis 2016 – 2020 and Opportunity Assessment 2021 – 2031

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com