LED linear is the light emitting diode light that is assembled in a system, tube, or lamp along with lighting fixtures of different dimensions and specifications. LED lights have a long working life and offer better electricity efficiency. They are better to use compared to fluorescent lamps or traditional lights. LED linear provide light with excellent brightness without any need of time to warm up. They are equipped with electrical circuit to convert the alternate current in the low voltage direct current that is used on the LED lights. Furthermore, these lighting solutions are able to work in high temperature conditions both in interior and exterior environments.
Currently, the automobile industry is focusing more on LED lights. In vehicles, LED linear is used for decorative purposes and for better vision during the night as well as during fog. It is also used for break application. LED linear is mostly used on spoilers, in regular head lamps, and in indicators. Important application of LED linear in heavy commercial vehicle for better visibility during night as well as for safety purpose. LED linear contains lead and arsenic material which is harmful to the environment as well as for humans. These factors may hamper the growth of LED linear during the forecast period.
LED linear for the automotive market can be segmented based on power, application, types of vehicles, and region.
Based on power, the market can be divided into: 4.5 watt and 10 watt. Heavy commercial vehicles travel during nights for goods transportation for better vision 10watt LED linear is use in heavy commercial vehicle. In passenger vehicle LED linear is used for better vision and for decorative purpose .Increasing demand of passenger vehicle for upcoming forecast period would increase the demand of LED linear.
Based on application, LED linear for automotive market can be classified into decorative purpose, safety purpose, and for clear night vision. Most LED linear are used for safety purposes in heavy commercial vehicles to avoid collision and for better night vision. Heavy commercial vehicles usually travel during nights. Passenger vehicles al use LED linear.
Based on geography, LED linear for automotive market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific accounts for major share of the global LED linear for automotive market, owing to the high adoption rate of LED linear and the booming automotive sector, leading to increased production of vehicles with LED linear. Asia pacific is estimated to be the largest consumer of automotive lighting in the world. India, China, Japan, and South Korea are the main contributors to the automotive lighting market in the region. Several automotive companies are expanding their facilities in Asia Pacific due to the increasing sales of premium vehicles, low manufacturing costs, and favorable government policies. North America is estimated to be the second largest market for automotive lighting, owing to the increasing demand for advanced technology.
Some of the key players in the global LED linear for automotive market are Britax Automotive Equipment, Super Bright LEDs Inc., Hella, Inc., Valeo, Stanley Electric Co., Ltd., and Infineon Technologies AG.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.