Automotive Exterior LED Lighting Market: OEMs Expected to Reach around US$ 500 Mn by 2022 end.

Rockville, USA,  2019-Jun-06 — /EPR Network/ — Fact.MR’s research intelligence outlook on the global automotive exterior LED lighting market begins with an executive summary, followed by the automotive exterior LED lighting market introduction and definition, key dynamics and opportunity assessment, insights on taxonomy categorizing the automotive exterior LED lighting market, and the competition tracking and analysis between 2017 and 2022.

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.

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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.

Automotive Exterior Lighting Market Projected for Faster Penetration, As LED Prices Drop

Falling prices of high power LED is substantially impacting the lighting technology space, especially automotive exterior LED lighting market. Reduced LED prices are presumed to straightaway translate into improved automotive exterior LED lighting market penetration over the next few years. Chinese market for automotive exterior LED lighting is especially expected to reap the advantages of dramatically curtailed prices of high beam/low beam LED, which have been announced of late.

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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.

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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