The Automotive LED Tail Lights market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Taillights are red lights mounted at the rear end of the vehicle. Taillights are an integral component of the vehicle, as they indicate its presence to vehicles behind it. They play a vital role in preventing backend collisions. LED taillights consume less amount of energy and have a longer life than that of conventional taillights.
Europe comprise of large number of premium and luxury vehicles, as well as the demand for vehicle enrichment accessories and energy effective accessories is high across the region, therefore Europe holds a prominent share of the global automotive LED tail lights market. China, which accounts for a significantly higher number of electric vehicles and this number is increasing exponentially, is expected to witness a surge demand for LED taillights.
In the global Automotive LED Tail Lights market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.
In global market, the following companies are covered:
Osram
Infineon Technologies
The Morey Corporation
Lambert Enterprises
Koninklijke Philips
Hella
Hilux Autoelectric
Stanley
Lumotech
Peterson Manufacturing
Guangzhou AKD Automotive Accessories
Market Segment by Product Type:
LED
OLED
Market Segment by Application:
Passenger Cars
Commercial Vehicles
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Automotive LED Tail Lights market for the forecast period 2020 - 2025?
• What are the driving forces in the Automotive LED Tail Lights market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Automotive LED Tail Lights industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?