The global emergency warning lights market is expected to be valued around US$ 1.2 Bn in 2030. As the outbreak of coronavirus continues, there has been a downfall in production activity, impacting several related industries such as automotive, oil & gas, construction, and others, which has weakened demand for emergency warning lights. However, the market is expected to experience better grow...
Fact.MR, in a recently published market study, highlights the important factors that are expected to shape the growth of the Automotive Exterior LED Lighting Market over the forecast period 2017 to 2022. The current trends, market drivers, opportunities, and restraints are thoroughly evaluated to provide a clear understanding of the current market landscape and the course the Automotive Exterior LED Lighting Market is likely to take over the upcoming decade.
According to the report, the Automotive Exterior LED Lighting Market is slated to register a CAGR growth of ~XX% through the considered assessment period owing to several key factors including growing investments in the Automotive Exterior LED Lighting space, rise in the number of research and development projects, favorable regulatory policies and more. The analysts at Fact.MR deploy present-day research techniques while curating the market study and gather data from credible and trusted primary and secondary sources.
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Important doubts pertaining to the Automotive Exterior LED Lighting market addressed in the report:
- What are the different micro and macro-economic factors that are expected to influence the growth of the Automotive Exterior LED Lighting Market?
- Why is the market attractiveness of region 2 higher than region 3?
- What are the latest developments in the Automotive Exterior LED Lighting Market?
- What is the key trend that can be observed in the current Automotive Exterior LED Lighting Market landscape?
- How are market players adapting to evolving regulatory policies?
What value does the Automotive Exterior LED Lighting Market study add to our client’s business needs?
- Intricate and detailed analysis of the various market segments and sub-segments
- Detailed assessment of the competitive landscape of the Automotive Exterior LED Lighting Market
- Information related to recent product innovations, technological advances, and more
- Scope for market growth in different regional markets
- Key insights related to the impact of government policies on the Automotive Exterior LED Lighting Market worldwide
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Competitive Landscape Analysis: Global Automotive Exterior Lighting Market
The automotive lighting industry has been observing significantly growing interest of a number of players in high performance and superior design capabilities of automotive exterior LED lighting systems. This trend is expected to empower the automotive exterior LED lighting market supply chain with new companies that have exclusive expertise in the various aspects of automotive exterior LED lighting technology.
Philips, through the Vision LED series, became the first company to introduce the street-legal automotive exterior LED lighting system. While this automotive exterior LED lighting is supposedly the direct replacement for conventional incandescent bulbs, it is prominently designed for headlights with a high ambient and safety quotient. Audi, one of the leading innovators in the automotive lighting technology and design space, has recently extended the R&D repertoire to include Matrix LED and OLED lighting systems. Koito Manufacturing Co. Ltd. recently developed the LED Compact Bi-function that includes one LED light source switching intermittently between low beam and high beam. Valeo SA offers a complete range of intelligent automotive exterior LED lighting architecture that also covers cameras, control units, sensors, and embedded software, besides headlamps.
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.
With an objective to provide light based assistance to drivers, Osram has proposed a conceptual futuristic automotive exterior LED lighting system – Oslon Boost HX. This revolutionary lighting system is supposed to perform the function similar to that of a projector, and would help drivers negotiate the road works, on-road hazards, or icy patches with more safety. The single LED used in this system is claimed to deliver more than 1,400lm, which would help the company become the first innovator to efficiently break in to the growing trend of special user experience. On the other hand, Osram Opto Semiconductors has introduced Infrared (IR) LEDs, i.e. IREDs to their automotive exterior LED lighting portfolio. Typical exterior applications are likely to include pedestrian detection, even night vision, and lane departure detection.
About the Report on Global Automotive Exterior LED Lighting Market
The global automotive exterior LED lighting market report thoroughly evaluates the current and prospective scenario of the global market for automotive exterior LED lighting, considering 2017-2022 as the assessment period. Although the automotive exterior LED lighting market has been projected to see poor overall growth over the next few years, the global revenue is likely to exceed the value of US$ 1.2 Bn towards the end of 2022.
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