The first five-year (2017-2021) cumulative revenue is projected to be US$ 22.3 Bn, and is expected to increase significantly to US$ 36.7 Bn, over the latter part of the five-year forecast period (2022-2026).
Global Automotive LED Lighting Market: Segmental Snapshot
By application: The exterior segment is estimated to register a CAGR of over 10%, thereby accounting for highest revenue share among the application segments, over the forecast period.
By sales channel: The original equipment manufacturer (OEM) segment is estimated to account for highest revenue share among the sales channel segments, and is expected to register a CAGR of over 10% over the forecast period.
By vehicle type: The passenger cars segment is estimated to account for highest revenue share among the vehicle type segments, and is expected to register highest CAGR during next 10 years.
By region: The market in Asia Pacific accounted for highest revenue share in the global automotive LED lighting market in 2016, and is expected to record highest CAGR between 2017 and 2026.
Score from the experts at Killer Infographics
Visual Communication - 60%
Design - 65%
Content/Script - 50%
Usability - 55%
The market for automotive lighting shows a strong growth rate according to this infographic. Starting off the design with a bold, sleek image of a car headlight draws the viewer in, but subsequent sections don't draw on the same style. More difficult than that is the missing information — the same CAGR is shown in each section, but the revenue/market value information is only shown for 1 category per section. It's hard to get the full picture here. We'd give this a D-.