Longer life is proving to be a major advantage of LED lights, thereby increasing their installation. Exterior lights are installed at different locations such as front, rear and lateral sides of vehicle and contributes the largest share in overall vehicle lighting market.
The ease and quality of life improvements the automotive industry brings will only increase the demand for vehicles in the future. Between, the passenger and commercial vehicles, the passenger vehicle market would continue to maintain its leading position in terms of market value across the world.
We have dissected the SWOT analysis for companies in the automobile industry below: The automobile industry is a highly growing industry, continuously contributing to growth and development. LED lights are used for a variety of functions such as low beam, high beam, turn signal, parking lights and day running light.
Automobiles give people the opportunity to live, work and travel in ways that were unimaginable a few decades ago. In terms of the market value, front lights was the largest market in and is expected to continue to lead the market by as well.
Due to its widespread adoption, Halogen technology holds the major market share presently. This also implies that there will be a rise in competition in the automobile industry like never before. Also, through an understanding of the weaknesses of the business, firms can manage and eliminate threats that would otherwise catch them off-guard.
What makes SWOT analysis particularly powerful is that, with a little thought, it can help companies uncover opportunities that they are well-placed to exploit. Apart from expansion, the industry players are focusing on launching technologically advanced lighting solutions with greater attention on LED devices for the automotive vehicles.
However, the on-going innovations in LED lighting technology to provide bright illumination and a compact size, is rapidly fuelling the demand of these lights.
BRIC nations, which contribute a major share in the automotive production, have emerged as lucrative markets for automotive lighting industry. Besides this, on-going research would benefit to save cost, which would induce the popularity of LED lighting devices for vehicles.
Growing demand of vehicles in these countries is also encouraging these players. Growing population and increasing purchasing power are mainly contributing to the growth in these nations.
The demand for aesthetic looks is creating several opportunities for the attractive lighting applications mainly in passenger vehicles.
Traditionally, Halogen, being an easily available and low-cost lighting technology, has been the majorly used lighting technology. Recently, the company has set up its new plants in China and India as a growth strategy in Asian region. Lighting system of vehicle comprises of two main categories:The Automotive Lighting Market report provides information regarding key drivers, future trends, restraints and opportunities with their impact analysis.
Lighting, being a vital component in automotive vehicles, plays an important role in automotive safety. SWOT Analysis and Strategic Conclusion of Magneti Marelli S. P. A. good work bro i also doing project on this topic. can u give me pdf file of it for the taking sum knowledge of it plz.
SWOT Component Market. The Analysis: Indian Auto classical tool to assess the industry environment is through SWOT analysis.
The exhibit below identifies Strengths, Weaknesses, Opportunities and Threats (SWOT analysis in.
ANALYSIS OF INDIAN AUTO COMPONENT INDUSTRY (SWOT) analysis and a five-force analysis of the Indian auto component industry are performed in order to identify evolve strategies for better competitiveness. INTRODUCTION The auto industry is often thought of as the most global of all.
The SWOT analysis of Automobile industry delves deeper into Cars, bikes and transport systems which are the most important building blocks for Society. This report provides detailed analysis of the factors that have led to the growth of auto component industry in India. The in depth study of the different segments of automobiles, the new trends.Download