Global Automotive LED Lighting Market to Experience Robust Growth to 2021, Predicts Daedal Research in Its Report Available at MarketPublishers.com11 Jul 2017 • by Natalie Aster
LONDON – The automotive LED lighting market has witnessed robust growth worldwide over the recent years. Furthermore, the market is forecast to keep on increasing at robust pace through 2017-2021. The uptake in the automotive LED lighting market is attributed to upsurge in the overall automotive industry, enhancing focus on fuel and energy efficiency, amid other favourable factors.
Through 2021, the automotive LED lighting market growth will likely be propelled by such forces as rising lightweight vehicles sales, expanding automobile industry, escalating LED penetration and increasing focus on energy efficiency. Yet, this market also faces a number of growth challenges, for example, slow growth of vehicle sales in BRIC countries, high R&D costs and high cost of LED.
The new report “Global Automotive LED Lighting Market (2017-2021 Edition)” created by Daedal Research offers access to comprehensive updated analysis of the world’s market for automotive LED lighting as well as presents insights into the key geographical markets. Moreover, this publication contains a clear description of the actual market scenario along with data on the prevailing historical development patterns, explores the market segmentation and evaluates the market shares, examines the key factors shaping the market as well as outlines future growth threats and opportunities.
Furthermore, this report comprises an insightful analysis of the competitive environment and offers comprehensive profiles of the top players (Koito, Hella, Stanley, Lumberg Holding, Fiat Chrysler Automobiles).
In addition, this report includes an all-round future outlook for the world’s automotive LED lighting market through 2021.
Visit the Daedal Research catalogue at MarketPublishers.com to get access to a full collection of the publisher’s research reports.