Global Automotive LED Lighting Market to Post a CAGR of 21% During 2018-2022 | Technavio
LONDON–(BUSINESS WIRE)–Jun 26, 2018–The global automotive LED lighting market is expected to register a CAGR of close to 21% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the global automotive LED lighting market from 2018-2022. (Photo: Business Wire)
This market research report on the provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only:
In this report, Technavio highlights the growing popularity of adaptive lighting systems as one of the key emerging trends in the global automotive LED lighting market:
Global automotive LED lighting market: Growing popularity of adaptive lighting systems
The adoption of adaptive lighting systems in vehicles is increasing due to the additional safety and comfort offered for the driver. AFL and adaptive emergency braking lights are crucial adaptive lighting systems. LED technology is becoming a key enabler for efficient and reliable operation of these systems compared with other lighting technologies. Thus, growing popularity of these adaptive lighting systems is a positive trend for the concerned market.
Global automotive LED lighting market: Segmentation analysis
This market research report segments the global automotive LED lighting market into the following applications (exterior lighting and interior lighting) and key regions (the Americas, APAC, and EMEA).
The exterior lighting segment held the largest market share in 2017, accounting for nearly 96% of the market. This application segment is expected to dominate the global market throughout the forecast period.
APAC held the highest share of the global automotive LED lighting market in 2017, accounting for a market share of approximately 48%. The market share occupied by this region is anticipated to increase by nearly 3% during 2018-2022.