Automotive Light Emitting Diode (LED) Bulbs Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the automotive light emitting diode (LED) bulbs industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected automotive light emitting diode (LED) bulbs market growth numbers 2021-2030.
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The Automotive Light Emitting Diode (LED) Bulbs Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global automotive light emitting diode (LED) bulbs market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Automotive Light Emitting Diode (LED) Bulbs Global Market Report 2021 covers automotive light emitting diode (LED) bulbs market drivers, automotive light emitting diode (LED) bulbs market trends, automotive light emitting diode (LED) bulbs market growth rate, automotive light emitting diode (LED) bulbs market major players, player-adopted strategies in the market, and automotive light emitting diode (LED) bulbs market size.
The global automotive light emitting diode bulbs market is expected to grow from $9.13 billion in 2020 to $9.69 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive LED bulbs market is expected to reach $14.54 billion in 2025 at a CAGR of 11%.
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The report covers the automotive light emitting diode (LED) bulbs market segments-
1) By Vehicle Type: Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle(HCV)
2) By Adaptive Lighting: Front Adaptive Lighting, Rear Adaptive Lighting, Ambient Adaptive Lighting
3) By Sales Channel: OEM, Aftermarket
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