Automotive Exterior LED Lighting Market: Regulatory Bodies Compel Key Players to Adhere to Automotive Exterior LED Lighting Norms
According to a new research report released by Fact.MR, the global automotive exterior LED lighting market is likely to observe sluggish growth over the next five-year assessment period, possibly approaching the valuation of US$ 1.2 Bn by 2022 end. “The key players in automotive exterior LED lighting market will maintain the research spotlight on input voltage, temperature, and vibration, as these parameters dictate the tests and standards. Passive expansion of automotive exterior LED lighting market will prominently be the result of the complexity to meet stringent safety regulations established by government authorities,” says the expert research analyst, Fact.MR.
Front light, estimated for the revenue of over US$ 200 Mn by 2022 end, is presumed to maintain the lead over other product types throughout the forecast period. Losing a significant value share from almost one-fifth of the total market revenue share registered in 2017, front light is likely to see a declining scenario towards the end of projection period. Parking lights are however projected climb up slightly in terms of market value share in the automotive exterior LED lighting market, reaching nearly US$ 140 Mn by 2022 end.
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Table of Content
1. Global Automotive Exterior LED Lighting Market - Executive Summary
2. Global Automotive Exterior LED Lighting Market Overview
2.1. Introduction
2.1.1. Global Automotive Exterior LED Lighting Market Taxonomy
2.1.2. Global Automotive Exterior LED Lighting Market Definition
2.2. Global Automotive Exterior LED Lighting Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Exterior LED Lighting Market Y-o-Y Growth
2.3. Global Automotive Exterior LED Lighting Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Automotive Exterior LED Lighting Market Analysis and Forecast By Product Type
3.1. Global Automotive Exterior LED Lighting Market Size and Forecast By Product Type, 2012-2022
3.1.1. Front Light Automotive Exterior LED Lighting Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Parking Light Automotive Exterior LED Lighting Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Fog Light Front Automotive Exterior LED Lighting Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Fog Light Rear Automotive Exterior LED Lighting Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
To be Continue.......
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With more than 3% CAGR slated for the five-year assessment period, OEMs in the automotive exterior LED lighting market are expected to reach around US$ 500 Mn by 2022 end. While OEMs recorded a value share of over one-third in the total global automotive exterior LED lighting market in 2017, it is likely that they will exhibit higher attractiveness during the course of examination owing to visibly growing collaborative activities in the automotive exterior LED lighting market landscape. As indicated by the global automotive exterior LED lighting market report, revenue sales of automotive exterior LED lighting systems through aftermarket will witness a decline over the course of assessment.
Automakers Extend Efforts to Attain the ‘Lighting Brand Image’ with Adoption of Automotive Exterior LED Lighting Systems
Vehicle owners are increasingly inclining towards automotive exterior LED lighting for enhanced driver safety and pedestrian security. Automakers on the other side are triggering a brisk shift to automotive exterior LED lighting systems in an effort to explore infinite design opportunities and achieve the model/brand distinction in terms of lighting. A majority of leading LED producers and lighting technology innovators have also stepped into the game of automotive applications, as the profit margin is relatively higher.
Apart from the aforementioned companies, this report on the global automotive exterior LED lighting market provides strategic insights on other leading participants in the automotive exterior LED lighting market landscape. Some of the profiled players include Osram Licht AG, Koninklijke Philips N.V, Hella KGaA Hueck & Co, Magneti Marelli S.p.A., Stanley Electric Co. Ltd, Texas Instruments Incorporated, Zizala Lichtsysteme GmbH, Lumax Industries Ltd, Changzhou Xingyu Automotive Lighting Systems Co., Ltd., and Imasen Electric Industrial Co., Ltd.
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