FMI Report: High-Brightness Light-Emitting Diodes (LED) Headlamps Market Growth and Value Chain 2016-2026
Future Market Insights has announced the addition of the “High-Brightness Light-Emitting Diodes (LED) Headlamps Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
High-brightness light-emitting diodes (LED) headlamps are advanced semiconductor technology is known for its high output. high-brightness LED headlampscome in different shapes & sizes as per the requirement of vehicles. High-brightness LED headlamps are expensive but long lasting hence it is considered as a value for money product and beneficial for the consumers in long run. In the late 1980s and early 1990s high-brightness LED headlamps are introduced in the market. The technology gets more robust with indium gallium aluminum phosphide (InGaAlP) material for high-brightness LED technology that was introduced jointly by Toshiba Corp. and Hewlett-Packard in the early 1990s. Since then it gets nobility acceptance in the automobile industry. High-brightness LED headlamps are used in cars, two wheelers, trains and also for wearable light for human. High-brightness LED headlamps deliver better visual (also including proper colour of an object) as compare to the conventional light. In the end user companies such as Audi AG, Bayerische Motoren Werke AG (BMW), Toyota Motor Corporation, JAGUAR LAND ROVER LIMITED are used unique shaped high-brightness LED headlamps as a symbol of a premium cars. Also, many end user companies in automobile industry differentiate its cars by designing innovative structure of LED headlamps.
High-Brightness LED Headlamps Segmentation:
On the basis of application high-brightness LED headlamps are segmented into automotive industry, locomotive industry and high-brightness LED headlamps for human use. Automotive industry accounts for lion share of high-brightness LED headlamps market which is fuelling the growth of high-brightness LED headlamps market worldwide. For locomotive industry demand for high-brightness LED headlamps has less growth as compare to automotive industry, since number of high-brightness LED headlamps are used in locomotive industry is notably lesser then number of high-brightness LED headlamps used in automobile industry.
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Geographically, global high-brightness LED headlamps market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. Owing the have developed economies, North America and Western Europe are the dominating regions for high-brightness LED headlamps in terms of value. Asia pacific region has significant demand for high-brightness LED headlamps owing to have economic developments in the regions.
High-Brightness LED Headlamps Dynamics:
Global LED market, the parent market of high-brightness LED headlamps is growing at double digit CAGR owing to high acceptance of LED among the consumers, which is a driving factor for global high-brightness LED headlampsmarket.
Moreover, high-brightness LED headlamps are gaining popularity in automotive industry owing to its various benefits such as low energy consumption, flexibility in size and shape and others. High-brightness LED headlamps in automobile, never need to be replaced, since their solid state longevity of up to 100K+ hours.
However, there are some factors that restrain the global high-brightness LED headlamps market growth such as, higher temperatures are possible around adjacent parts or assemblies, moreover, sue to high manufacturing cost it has lack of presence among the under developed countries.
There is a high opportunity to increase revenue from emerging economies such as India, Brazil, Malaysia, Mexico, and Egypt, since emerging economies are the significant growth driver for automobile industries. Moreover, it is the best substitute products for halogen headlight bulbs, and xenon headlights.
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High-Brightness LED Headlamps Key Players:
Some of the key players operating in the global high-brightness led headlamps market are Super Bright LEDs Inc., General Electric, Bajaj Electricals Ltd., Fiem industries Ltd, OSRAM GmbH, Koninklijke Philips N.V., Hewlett-Packard Company, Toshiba Corp.