Published on : Aug 09, 2017
Albany, New York, August 9, 2017: In order to fulfill the ever-growing need for energy efficiency in everything from autos to light bulbs, more and more research is being put into the technology of LEDs. A popular use for LED light bulbs today is in vehicles. LED light bulbs are quickly replacing incandescent bulbs in headlights, tail lights and signals, as well as in the interior of the car itself. Considering this fact, with a prime focus on the automotive industry a new study titled “Global LED Auto Bulb Industry 2017, Trends and Forecast Report” has been broadcasted to Market Research Hub’s wide research portfolio. The research report presents a comprehensive assessment of the market and aims to identify the current trends as well as market future growth potential.
LED bulbs use less power, produce whiter light and provide a much extended life than standard bulbs. These bulbs have been increasingly more and more popular for automotive industry, many auto makers like has adapted this new technology for LED turn signal lights, LED tail lights, LED license plate lights etc. It has been analyzed that because of advancing technology and improvements to the manufacturing processes, LED bulbs will soon become more affordable to the average consumer. Since it is inconvenient to deal with a burnt out headlight, it is no wonder that car owners are choosing the longer-lasting auto LED light bulbs.
Firstly, the report introduces the LED auto bulbs along with the definition, classification, application, industry chain structure analysis, and industry development overview. In the subsequent section, the details including product specifications; manufacturing processes; cost structures, raw materials etc. are also presented. The study finds that many new features are being incorporated such as LED light brightening with braking system pressure increase, flashing of the lights in case of excessively hard braking, etc. during the manufacturing process, which is also a prime reason for the growing demand.
Secondly, the report encloses geographical divergence of the market covering prime regions with forecast predictions for the time period 2017-2021. It sincerely analyzes the market status in North America, Europe and Asia-Pacific and some of the major countries such as United States, Germany, United Kingdom, Japan, South Korea and China. For each regional segment, the report analyzes product price, profit, capacity, production, supply, demand and market growth rate in the coming years. Additionally, it details the market drivers supporting the growth of this market and states the restraints that are likely to hamper the growth of the global market in the near future.
The study further emphases on the top manufacturers in global market with their important details, such as production, price, revenue and market share. Finally, the report has presented new project SWOT analysis, investment feasibility and investment return analysis.
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