The
automotive led lighting market and it is
poised to grow by USD 4.73 billion during 2019-2023, progressing at a CAGR of
about 10% during the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers, and the
overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample
Report on COVID-19 Impact
The market is highly fragmented, and the degree of fragmentation will
accelerate during the forecast period. Hella GmbH & Co. KGaA, Hyundai Mobis
Co. Ltd., KOITO Manufacturing Co. Ltd., LG Electronics Inc., Magna
International Inc., Magneti Marelli SpA, OSRAM GmbH, Stanley Electric Co. Ltd.,
Valeo SA, and Varroc Group. are some of the major market participants. To make
the most of the opportunities, market vendors should focus more on the growth
prospects in the fast-growing segments, while maintaining their positions in
the slow-growing segments.
The increasing use of LEDs has been instrumental in driving the growth
of the market.
Automotive LED Lighting Market 2019-2023 : Segmentation
Automotive LED Lighting Market is segmented as below:
·
Application
o
Exterior Lighting
o
Interior Lighting
·
Type
o
Passenger Cars
o
Commercial Vehicles
·
Geographic Landscape
o
APAC
o
Europe
o
MEA
o
North America
o
South America
Automotive LED Lighting Market 2019-2023 : Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our automotive LED lighting
market report covers the following areas:
·
Automotive LED Lighting Market size
·
Automotive LED Lighting Market trends
·
Automotive LED Lighting Market industry analysis
This study identifies the growing popularity of adaptive lighting
systems as one of the prime reasons driving the automotive LED lighting market
growth during the next few years.
Automotive LED Lighting Market 2019-2023 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the
automotive LED lighting market, including some of the vendors such as Hella
GmbH & Co. KGaA, Hyundai Mobis Co. Ltd., KOITO Manufacturing Co. Ltd., LG
Electronics Inc., Magna International Inc., Magneti Marelli SpA, OSRAM GmbH,
Stanley Electric Co. Ltd., Valeo SA, and Varroc Group. Backed with competitive
intelligence and benchmarking, our research reports on the automotive LED
lighting market are designed to provide entry support, customer profile and
M&As as well as go-to-market strategy support.
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