The report titled “Global Automotive LED Lighting Market: Trends and Opportunities (2014-2019)” provides an insight into the Automotive LED lighting market. The report assesses the market sizing and growth of the Global LED Automotive Lighting Market, the growth of various segments, segmentation on various parameters and regional analysis of automotive lighting market. The report also discusses key factors driving growth of the industry, major trends and challenges faced by automotive lighting companies in the world. Further, key players like Koito Manufacturing Co. Ltd, HELLA, Stanley Electric and Magneti Marelli are analyzed in the report. —
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Industry Coverage: Automotive LED Industry
Segment Coverage: Headlights, Tail lights, Brake Lights and Daytime Running Lights
Regional Coverage: Japan, Europe, Asia Pacific, Korea and Taiwan & Rest of the World
With growing environmental concerns and rising fuel prices, automobile manufacturers have adopted the new technology of LED and adaptive lighting technologies. LED lights are more desirable as they enhance the fuel efficiency and decrease energy consumption.
Asia Pacific is emerging as the fastest growing region for LED Automotive Lighting with China showing tremendous potential. Taiwan, Japan and Korea are few other regions which offer great opportunity for the growth of LED automotive lighting market. Currently LED headlamps represent a very small fraction of the total LED Automotive Lighting, but holds immense business potential driven mostly by increasing adaptability of LED lamps in passenger cars.
In many developing countries of BRIC, the automobile industry is growing at a faster pace due to the increase in purchasing power and rising demand of stylish as well as affordable cars. Rising concern towards road safety, strict automotive regulations and lower energy consumption in LED technology are few of the reasons leading to faster growth of Automotive LED lighting industry. Also, increasing vehicle production, mainly in the BRICS countries, have boosted the consumption of the lighting equipment.
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However, with immense growth opportunities, the Automotive LED lighting industry faces the challenges in terms of high price of LED lamps, high research and development costs, lower automobile demand which also leads to high bargaining power of the consumer. Apart from this, rising concern of new substitutes are a few of the bottlenecks in the growth of the industry.
Table of Contents
1. Executive Summary
2. Automotive Lights: An Overview
2.2 Types of Technology in Automotive Lights
3. Global Automotive Lighting Market
3.1 Industry Overview
3.2 Market Size
4. LED Automotive Lighting Market: An Analysis
4.1 LED Lighting Market: An Overview
4.2 LED Automotive Lighting Market: An Analysis
4.2.1 Automotive LED Headlights: Market Size and Growth
4.2.2 Automotive LED Tail Lights: Market Size and Growth
4.2.3 Automotive LED Brake Lights: Market Size and Growth
4.2.4 LED Daytime Running Light: Market Size and Growth
4.3 Automotive LED Lighting Penetration Rates
4.4 Non-LED Industry and Automotive Lighting
4.5 Automotive LED Lighting Market: Regional/Country Analysis
4.5.1 Japan Automotive LED Lighting Market
4.5.2 Europe Automotive LED Lighting Market
4.5.3 Asia Pacific Automotive LED Lighting Market
4.5.4 Korea and Taiwan Automotive LED Lighting Market
4.5.5 Rest of the World: Automotive LED Lighting Market
5. Market Dynamics: Automotive LED Lighting Market
5.1 Growth Drivers
5.1.1 High Consumer Purchasing Power: Enhancing Demand for Advanced Technologies
5.1.2 Increasing Production of Automotive in BRIC Nations
5.1.3 Increasing LED Adoption – New attraction for Customers
5.1.4 Increasing Worldwide Automobile Production
5.1.5 Focus on Fuel Efficiency
5.1.6 Shift towards Electric Vehicles
5.2 Trends: Automotive LED Lighting Market
5.2.1 Rising Concern towards Road Safety
5.2.2 Strict Automotive Lighting Regulations
5.2.3 Low Energy Consumption in Led Lighting Systems
5.2.4 High Entry Barrier
5.3 Challenges: Automotive LED Lighting Market
5.3.1 High Cost of LED Lighting Systems
5.3.2 High R&D Costs
5.3.3 Rising Concern of New Substitutes
5.3.4 Buyers’ Bargaining Power
5.3.5 Lower Automobile Demand
6. Competitive Landscape: Automotive LED Lighting Market
7. Company Analysis: Automotive LED Lighting Market
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Release ID: 99951