Strong economic growth across emerging markets has put them firmly on the path of achieving developed market status in the next few decades. The 21st century has seen key stakeholders in the automotive industry work with innovative new technologies that have been incorporated into the vehicles, the most prominent one being automotive interior LED lighting systems. Entering the automotive interior LED lighting market is thought to be a blue ocean strategy as there are relatively few companies involved, allowing stakeholders to raise product prices. Fact.MR’s report offers detailed analysis about the global automotive interior LED lighting market for the period 2017-2022, and offers actionable insights on future market direction.
LED stands for light emitting diode technology and they are increasingly used as an alternative to halogen bulbs in the automotive interior LED lighting market. LED lights are used in almost all lighting applications indoors and outdoors today ranging from automotive interior lighting all the way to horticulture.
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The Fact.MR report on the automotive interior LED lighting market anticipates it to record a sluggish CAGR of 2.9% for the period 2017-2022 and be worth more than US$ 670 million by 2022.
Ambient Lighting a Close Second in Automotive Interior LED Lighting Market
The ambient lighting segment represents a quarter of the revenue share in the automotive interior LED lighting market. Ambient lighting across the vehicle dramatically transforms its look, making it very appealing to customers. Once reserved for luxury and premium passenger cars, it has slowly but surely made its way to compact cars as well. Companies may wish to target the North America ambient lighting market as the continent is predicted to record the highest CAGR of 3.8% from 2017 to 2022.
Heads-Up Display a Niche in the Automotive Interior LED lighting market
A heads-up display as its name suggests, provides all the necessary information that occupants could possibly need directly on the windscreen and it is typically on the driver’s side. This is largely the preserve of high end premium and luxury vehicles which is why Europe contributes the largest share to the heads-up display market in the automotive interior LED lighting market. The continent has a longstanding heritage in luxury cars and this segment is on track to exceed US$ 6 million by the end of the forecast period.
Competition Tracking
The Fact.MR report on the automotive interior LED lighting market has analyzed the major players that compete in the automotive interior LED lighting market. Some of them are HELLA KGaA Hueck & Co, OSRAM Licht AG, Magneti Marelli Spa, Koito Manufacturing Co., Stanley Electric, Koninklijke Philips N.V, Valeo SA, Ichikoh Industries Ltd, Changzhou Xingyu Automotive Lighting Systems Co., and Texas Instruments.
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Table of Content
- Global Automotive Interior LED Lighting Market - Executive Summary
- Global Automotive Interior LED Lighting Market Overview 2.1. Introduction 2.1.1. Global Automotive Interior LED Lighting Market Taxonomy 2.1.2. Global Automotive Interior LED Lighting Market Definition 2.2. Global Automotive Interior LED Lighting Market Size (US$ Mn) and Forecast, 2012-2022 2.2.1. Global Automotive Interior LED Lighting Market Y-o-Y Growth 2.3. Global Automotive Interior 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
- Global Automotive Interior LED Lighting Market Analysis and Forecast By Product Type 3.1. Global Automotive Interior LED Lighting Market Size and Forecast By Product Type, 2012-2022 3.1.1. Dashboard Lights Automotive Interior 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. Ambient Lighting Automotive Interior 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. Dome and Map Lighting Automotive Interior 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
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