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2020-09-01
746
Global
LED lights are overtaking the use of halogen and incandescent bulbs for interior illumination and interior designing. LED lights not only creates visual interest of the space but are also cheaper, energy efficient, low voltage, zero UV emission and has longer life. From high end pubs/bars, restaurants, malls and airports to residential interiors and automobiles interior all use LED illumination to make the space feel attractive. Increasing expenditure on interior designing of a space and growing interior illumination market are driving the growth of global interior illumination market. Further, automobiles and commercial interiors are the major end-users of LED interior illumination. LED in luxury automobiles already exists from the OEM’s. But in aftermarket, there is huge demand for LED illumination in all segments of automobiles. Goldstein Market Intelligence analyst forecast that the global LED interior illumination market is set to harness market grow at a CAGR of 14.7% over the forecast period (2017-2030).
By LED interior illumination Connectivity
Switch Connected LED interior illumination segment accounted for the largest market share of 61.3% in 2017. On the other hand, globally increasing demand for connected devices is driving the growth of smart devices connected LED segment, and over the forecast, it is expected to take over the market share.
By End-User
By Geography
Based on geography, Asia Pacific region accounted for the largest revenue share of nearly 40.0% in 2017 of the global LED interior illumination market on the back of highest application of LED interior illumination in the region. Asia Pacific is closely followed by North America, growing at a CAGR of 14.9% over the forecast period.
The report covers the present ground scenario and the future growth prospects of the LED interior illumination market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.
Global LED Interior Illumination Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global LED interior illumination market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global LED Interior Illumination Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.
Our Global LED interior illumination market report comprises of the following companies as the key players:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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