Delaware, March 08, 2017 (GLOBE NEWSWIRE) -- The report “World Automotive Lighting - Market Opportunities and Forecasts 2020”, available on MarketIntelReports, estimates that the market LED technology to register the highest growth rate among all variants.
Browse numerous Market Tables as well as Figures which are spread through 110 Pages and an in-depth TOC on the “Automotive Lighting Market 2020” http://www.marketintelreports.com/report/allied0175/world-automotive-lighting--market-opportunities-and-forecasts-2014--2020
Scope & Regional Forecast of the Automotive Lighting Market
Lighting, being a vital component in automotive vehicles, plays an important role in automotive safety. Automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions. Besides this, these lights also increase the conspicuity of a vehicle. The lighting system comprises of lighting and signaling devices. These lighting equipment are placed at different locations in the vehicle such as front, rear, top and interiors. Lighting provides illumination for the driver, helps other vehicle drivers and pedestrians on the road to detect the vehicle’s position, direction of movement and size. Further, it also adds aesthetic looks to both interior and exterior parts of the vehicle.
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Automotive lighting market is witnessing a steady growth with the growing demand of automotive vehicles. Growing population, increasing automotive production and the rising concerns about vehicle safety triggered by the government regulations are driving the growth of the market. Additionally, the increasing purchasing power is also creating opportunities for the market growth.
Traditionally, halogen, being a low cost and easily available technology, has been the majorly used lighting technology. Xenon and LED are the other prominent lighting technologies. Amongst, all the three technologies, LED would witness the highest growth during the forecast period. Presently, LED lights are installed mostly in high-end vehicles due to their relatively higher cost. However, the on-going research to lower their cost, would create significant demand of these lights.
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Segmentations & Key Players Involved in the Automotive Lighting Market
The Automotive Lighting Market can be broken down into various segmentations on the basis of -
Technology: Halogen, Xenon and LED.
Vehicle Type: Passenger Vehicles and Commercial Vehicles.
Product Sale: Original Equipment Manufacturer Product and Aftermarket Product.
Application: Front Lighting, Rear Lighting, Side Lighting and Interior Lighting.
Geographical Location: North America, Europe, Asia-Pacific and LAMEA.
Some of the key players involved in the Automotive Lighting Market are as follows:
- General Electric (GE)
- Magneti Marelli S.P.A
- Koito Manufacturing Co. Ltd
- Valeo, Hella KGaA Hueck & Co.
- Stanley Electric Co., Ltd.
- Ichikoh Industries Ltd.
- Osram GmbH
- Zizala Lichtsysteme GmbH
- Koninklijke Philips N.V.
- Valeo
Why buy this report?
- Get a detailed picture of the Automotive Lighting Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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