Worldwide use of light emitting
diode-lighting lamps/devices used in Public Transportation Vehicles. The report
provides estimated consumption market data for 2017, plus the year-by-year
forecast through 2024.
According to the market research study, the
worldwide value of selected LED-based lamps/devices on public transportation
vehicles reached $1.77 billion in 2017.
The Asia Pacific region (APAC) led in
global consumption with 53 percent in relative market share in 2017. The EMEA region (Europe, Middle East and
Africa countries) held a 26 percent share of the public transit vehicle LED
lamp/device consumption value, last year.
The American region (South, Central and North America) region, led by
the United States, is forecast to remain in the third-place position throughout
the forecast period.
The bus (vehicle) category held the lead in
relative market share of global consumption with $598 million in 2017. The (more) mature bus category is forecast to
increase at a relatively slower pace versus the light-rail/tram public transportation
modes, the rapid transit/metro vehicle types, and the high-speed and commuter
vehicle types. The Rapid-transit/Metro
vehicle category is forecast to slowly narrow the gap versus the Bus category,
over the forecast period. Publisher also includes watercraft (ferries) in this
market forecast and analysis.
7-Year
Market Forecast
This is the Publisher analysis and forecast
of global market consumption of light emitting diode-based lamps and related
devices used in public transportation vehicles. For the purposes of this study,
Publisher defines public transportation as a shared passenger transportation
service, which is available for use by the general public. Public
transportation vehicles, included in this study, are listed below. Note: aircraft and taxis are not included in
this analysis.
The
LED lighting public transportation vehicles global market is segmented into the
following vehicle (type) categories and sub-categories:
- Bus
- Interior
- Exterior
- Rail and Rapid Transit Vehicles
- Light-Rail, Tram/Trolley/Streetcar
- Interior
- Exterior
- Rapid Transit/Metro and Subway/Underground
- Interior
- Exterior
- High-Speed, Commuter/Intercity and Long-Distance
- Interior
- Exterior
- Watercraft/Ferries
- Interior
- Exterior
The
market forecast is also segmented into the following product-type:
- LED Linear Lamps (Tubes)
- LED-based Back Light Unit (BLU) Bars for LCD Display Screens
- LED Signage/Destination Sign Board Modules
- Other/Miscellaneous LED Lamps and Luminaries
The consumption value is determined by
multiplying the number of units by the average selling price. The average
selling prices are based on the price of the LED lamps/ devices at the initial
factory level. The consumption values
are based on the end-user application and the end-user region.
Publisher specializes in forecasting technology
and global market trends in electronics, fiber optics, light emitting diodes
(LEDs), advanced photonics, integrated circuits, microwave/wireless, and
network communications. As an independent consultancy, Publisher offers
multi-client and custom market research studies to the world's leading
companies based on comprehensive, in-depth analysis of quantitative and
qualitative factors.
The product life cycles of high technology
electronic products are short, and will continue to shrink. For success, it is
vital to target the right products for development and to introduce them to the
market at the right time. Decisions on major R&D and facility investments
must be made before competitors’ products seize the market—and these decisions
must be made quickly. Publisher's
fast-turn-around analysis and forecasts help you catch the windows of
opportunity.
The
2017-2024 market data are segmented into the following geographic regions, plus
a Global summary:
- America (North America, Central and South America)
- EMEA (Europe, Middle East, plus Africa)
- APAC (Asia Pacific)
The
market forecast data are presented for LED lamps/devices, segmented by the
following functions:
- Consumption Value (US$, million)
- Quantity (number/units)
- Average Selling Prices (ASP $, each)
This study is based on analysis of
information obtained continually over the past several years, but updated
through early April 2018. During this
period, Publisher analysts performed interviews with selected authoritative and
representative individuals in the LED lighting product manufacturing, LCD
TV/monitor manufacturing, and advertisement, mass transit authorities,
transportation/infrastructure, R&D, display and retail industry,
mobile/portable device developers, government, and other. The interviews were
conducted principally with:
Engineers, marketing personnel and
management at manufacturers of LEDs (chips, components, lamps and fixtures) and
LCD, as well as other technologies.
Design group leaders, engineers, marketing
personnel and market planners at major users and potential users of LEDs.
Other industry experts, including those
focused on standards activities, trade associations, and investments.
The interviews covered issues of
technology, R&D support, pricing, contract size, reliability, documentation,
installation/maintenance crafts, standards, supplier competition and other
topics.
Selected customers and distributors also
were interviewed, to obtain their estimates of quantities received and average
prices paid. Customer estimates of historical
and expected near term future growth of their application are obtained. Their
views of use of new technology products were obtained.
The analyst then considered customer
expectations of near term growth in their application, plus forecasted economic
payback of investment, technology trends and changes in government regulations
and funding/tax-break legislation/rules in each geographical region, to derive
estimated growth rates of quantity and price of each product subset in each
application. These forecasted growth rates are combined with the estimated
baseline data to obtain the long-range forecasts at the lowest detailed level
of each product and application.
A full review of published information was
also performed to supplement information obtained through interviews.
The
following sources were reviewed:
- Professional technical journals and papers
- Trade press articles
- Technical conference proceedings
- Product literature
- Company profile and financial information
- Additional information based on previous Publisher market studies
- Personal knowledge of the research team.
In analyzing and forecasting the
complexities of the American and other world region markets for light emitting
diode products, it is essential that the market research team have a good and a
deep understanding of the technology and of the industry. Publisher members who
participated in this report were qualified.
Bottom-up
Methodology
Publisher forecasts are developed initially
at the lowest detail level, and then summed to successively higher levels. The
background market research focuses on the amount of each type of product used
in each application in the base year (last year), and the prices paid at the
first transaction from the manufacturer. This forms the base year data. Publisher
analysts then forecast the growth rates in component quantity use in each
application, along with price trends, based on competitive, economic and
technology forecast trends, and apply these to derive long term forecasts at
the lowest application levels. The usage growth rate forecasts depend heavily
on analysis of overall end user trends toward optical communication equipment
usage and economic payback.
Spanning over 203 pages “LED
Lighting in Public Transportation Vehicles - Global Market Forecast &
Analysis 2017-2024” report covers Executive Summary, LED-based
Lamps used in Public Transit Vehicles Market Forecast by Vehicle Type,
LED-based Lamps in Public Transit Vehicles Market Forecast by Product Type,
Market Research Methodology, Market Forecast Data Base Explanation.
Please visit this link for more details: http://mrr.cm/UhJ
For related reports please visit: Transport Vehicle Market Research Reports
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Reports at: https://www.marketresearchreports.com/public-transport
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