Infinium Global Research Announces a Publication of Market Research Report on Global Automotive LED Lighting Market

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2017-2023
Infinium Global Research Announces a Publication
of Market Research Report on Global Automotive
LED Lighting Market
Infinium Global Research
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The report "Automotive Led Lighting Market by
Application (Exterior Lighting, and Interior
Lighting), Vehicle Type(Passenger cars, LCV,
Bus, and Others)", theautomotive LED lighting
market is expected to reach USD 9.64Billion by
2023 expanding at a CAGR of 18.2. Factors
driving the growth of this market
includeEvolution of new advanced lighting
systems, increasing concerns about vehicle safety
initiated by the government regulations include
growth in the demand for automotive vehicles, and
increase in automotive production. Browse the
complete report on " Automotive Led Lighting
Market by Application (Exterior Lighting, and
Interior Lighting), Vehicle Type (Passenger cars,
LCV, Bus, and Others) - Global Forecast to
2023" https//www.infiniumglobalresearch.com/autom
otive/global_automotive_led_lighting_market Exter
ior Lighting has dominated Automotive Led
Lighting market in 2023 By Application, the
automotive LED lighting market is classified into
Exterior Lighting, Interior Lighting. The
Exterior Lighting segment is expected to lead the
global automotive LED lighting in 2018. The
growth of this segment is attributed to revenue
generated from sales of headlamps, rear lamps,
fog lamps, and side lamps. Moreover, the demand
for exterior LED lighting is expected to remain
high over the next few years as vehicle
manufacturers across all geographies are
gradually focusing on safety standards and
lowering costs. Passenger cars segment has
dominated the Automotive LED Lighting market in
2023 On the basis of Vehicle Type, the automotive
LED lighting market is categorized into passenger
cars, LCV, bus, and others. The passenger cars
segment is estimated to account for the largest
share of the global automotive LED lighting
marketduring the forecast period.Key players use
semiconductor technology to
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maximize advantage and offer
emerging next-generation LED
platforms to the customer, which ultimately
upsurges cost efficiency. Get Free Sample Pages
of this Report https//www.infiniumglobalresearc
h.com/Reports/MakeSampleRequest/998 Asia-pacific
is the largest Automotive LED Lighting
market Based on region, the automotive LED
lighting marketis segmented into Americas,
Europe, Asia-Pacific, and ROW. Asia-Pacific is
the largest automotive LED lighting market and it
is driven by high growth from China and India.
These markets are among the largest markets for
automotive production. Moreover growing
population, growing disposable income of the
middle class, and changing consumer lifestyles is
likely to augment the demand for automobiles
over the next six years, as a result the demand
for automotive LED lighting is likely to surge
over the next 6 years. Get 15 Discount on this
Reporthttps//www.infiniumglobalresearch.com/Repo
rts/requestdiscount/998 Companies profiled in
the report The report profiles some of the key
companies in the automotive LED lighting market
include Hella, MagnetiMarelli S.P.A, Valeo,
Koito Manufacturing Co. Ltd., Lumberg Holding,
Stanley Electric, SG Automotive, Mercedes Benz,
Koninklijke Philips N.V., and OsramLicht AG.