Brooklyn, NY, July 19, 2016 (GLOBE NEWSWIRE) -- The report, titled ‘Global Automotive LED Lighting Market Professional Survey 2016 Market Research Report,’ states that the rising sales of exterior lights and the increasing production of passenger vehicles are expected to benefit the global market. Global Automotive Lighting Market is future to rise to USD 30 Billion near 2021 at a CAGR of 7.50%.
After defining automotive LED lighting, the report presents an overview of the various applications, specifications, and classifications of LED lights used for commercial and passenger vehicles. The report further profiles leading players and new entrants operating in the market. As per the findings of the research, the improving automotive infrastructure across the world will benefit the global market for automotive LED lighting.
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For a detailed study, the report’s authors have segmented the global automotive LED lighting market on the basis of product, application, and region. LED lighting finds application in passenger vehicles and commercial vehicles. This is expected to make the passenger vehicles segment the most promising segment of the global automotive LED lighting market in the coming years.
The report analyzes several types of LED lighting used for various kinds of vehicles. By product, the global automotive LED lighting market is classified into interior lighting and exterior lighting. LED lights are creating a completely new prospect in the performance and design of exterior lighting. Leading players are consistently introducing attractive exterior lights for vehicles, which is a major driver for the global automotive LED lighting market.
The global automotive LED lighting market is segmented into North America, Europe, Southeast Asia, Japan, China, and India. Koito, Hella, Valeo, Magneti Marelli, Stanley, Zkw, Varroc, SL, Ichikoh, Depo, Imasen, and Farba are some of the leading players operating in the global automotive LED lighting market. Leading players are predicted to continue introducing new LED lights and technologies that will play a leading role in shaping the global market. Considering the growth opportunities, many new manufacturers of auto LED lights are expected to enter the competitive market.
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The report highlights leading players with respect to capacity production, commercial production, the status of research and development activities, and availability of raw materials to manufacture new LED lights for vehicles. By using SWOT analysis, the feasibility of new projects is measured in the report.
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Source: QY Research Reports