Create A Automotive Led Lighting Market 2019-2023 You Can Be Proud Of

The global automotive LED lighting market is expected to grow at a CAGR of 10.05% during the forecast period. Based on vehicle type the global automotive LED lighting market has been segmented into passenger cars and commercial vehicles. 




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The passenger cars segment is the largest segment of the global automotive LED lighting market, and the segment is expected to continue its dominance during the forecast period, backed by the strong demand from emerging countries and the revival of various developed economies. APAC is a key market for passenger cars, owing to its continuously increasing middle-class population. Most of the passenger car manufacturers are adopting LED technology to attain vehicular efficiency and increase vehicle aesthetics. 
Additionally, various prominent automotive OEMs are offering ambient lighting for the interior of modern vehicles. In exterior applications, LED headlights are gaining significant popularity in the passenger cars segment, owing to their reliability and durability. A reduction in the prices of LED lights is further fueling their demand in most of the lighting applications of modern passenger cars. This is one of the main reasons for the dominance of the passenger cars segment in the global automotive LED lighting market. 

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