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The general lighting market size is forecast to increase by USD 60.8 billion at a CAGR of 7.72% between 2023 and 2028. The growth of the LED market is influenced by several factors, including the decreasing manufacturing costs of LEDs, the increasing adoption of energy-efficient lighting technologies, and the rising demand for LEDs in the automotive sector. The reduced cost of LED production makes these technologies more accessible, promoting widespread use across various industries. Additionally, the emphasis on energy efficiency is driving consumers and businesses to switch to LED lighting solutions. The automotive industry, in particular, is contributing to market expansion by incorporating LEDs into vehicle designs for improved performance and aesthetics. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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