Automotive Lighting Market size was valued at USD 19.64 billion in 2014 and is anticipated to reach USD 34.65 billion by 2022. Global automotive market will witness a steady growth with growing demand of automotive vehicle in the upcoming years. Increasing automotive production, rising concerns about vehicle safety, growing population and also government are driving the growth of the market. On addition to it, the increase in the purchasing power of the people is also creating opportunities for the market growth.
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Market Synopsis of Automotive Lighting Market:
Lighting is a vital component in
automotive vehicles and plays a very important role in automotive safety.
Automotive vehicle consists of variety of lights to increase the visibility in
darkness and bad weather conditions and automotive lights also increase the
conspicuity (that is the clarity of observing things) of the vehicle. The
lighting system comprises of signalling and lighting devices. The lighting
devices are placed in different locations of the vehicle including front, rear,
top and interiors.
Halogen being an easily available
and cost efficient technology has been majorly adopted by the market and is
therefore, being used in lighting technology in the automotive sector also LED
and Xenon are prominent lighting technologies which are in prime use in the
global automotive lighting market. LED is likely to witness the highest growth
amongst the three technologies during the forecast period. LED is relatively
costlier, hence, at present is majorly being used in the high-end vehicles.
However, research is being done to lower their cost as a result of which it
would create significant rise in demand of LED lights in the upcoming years.
The automotive lighting market is segmented based on technology, vehicle types,
lighting applications, product sale and geography.
On the basis of lighting
applications, the market is segmented into rear lighting, front lighting,
interior lighting and side lighting. The technology is segmented into LED,
halogen and xenon. Based on vehicle type, the market is segmented into
commercial vehicles and passenger vehicles. Based on product sale, the market
is segmented in aftermarket product and OEM product. The geographical
segmentation of automotive lighting include North America ( U.S. , Canada,
Mexico) , Europe (Germany , UK , France , Italy) , Asia Pacific (China, India,
Japan), RoW ( Brazil, Russia), Latin America and Middle East Africa. The global
automotive lighting market is an excessively fragmented market with the
presence of many regional and global local vendors. The global automotive
lighting market is very dependent on automobile sales and the growth driven by
the increase in automotive production. The market has seen constant innovations
and development of new products, which in turn resulted in an excessive competitive
environment for the manufacturers of the automotive lighting.
The key players of the global
automotive lighting market include Ichikoh Industries Ltd., General Electric
(GE), Koninklijke Philips N, Koito Manufacturing Co. Ltd, Magneti Marelli
S.P.A, Valeo, Stanley Electric Co., Hella KGaA Hueck & Co., Ltd., Zizala
Lichtsysteme GmbH, Osram GmbH, Hyundai Mobis, Royal Philips Electronics.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Automotive Lighting:
Market Variables, Trends & Scope
Chapter 4 Automotive Lighting:
Product Estimates & Trend Analysis
Chapter 5 Automotive Lighting:
Application Estimates & Trend Analysis
Chapter 6 Automotive Lighting:
End-use Estimates & Trend Analysis
Chapter 7 Automotive Lighting:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Automotive Lighting:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Automotive Lighting:
Manufacturers Company Profiles
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