Press release
Automotive Lighting Market 2018 Top Key Players Osram, Magneti Marelli, Hella, Stanley Electric, Koito, Valeo, koninklijke Philips, Lumax Industries, Mercedes-Benz, Volkswagen, Hyundai Motors, Ford Motors, Toyota, Mahindra & Mahindra, Tata Motors
Global Market Insights
Automotive Lighting Market share is classified as LED, halogen, and xenon. Based on application, the industry is divided into front/headlamps, rear, side, interior lighting. Major installation locations are headlights, taillights, sidelights, fog lights, etc.
Adaptive front automotive lightning market share is rapidly gaining popularity among the customers. The features include auto on/off, bending/curve lights, cornering lights, headlight leveling and high beam assist. OLED and laser are modern technologies used by the manufacturers.
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Top Key Players:-
The key players of global Automotive Lighting Market are Osram, Magneti Marelli, Hella, Stanley Electric, Koito, Valeo, General Electric, KGaA Hueck & co., koninklijke Philips, Ichikoh Industries Ltd., Zizala lichtsysteme GmbH, Lumax Industries, Mercedes-Benz, Volkswagen, Hyundai Motors, Ford Motors, Toyota, Mahindra & Mahindra, Tata Motors.
Regional Segmentations:-
APAC constitutes the largest market in terms of vehicle production and sales, this also makes it a considerable automotive lighting market. China, Japan, India, and South Korea are major countries in this region in terms of production, exports and domestic sales. Increasing spending on luxury products and increase in the number of total vehicle purchased are the chief growth drivers. The regulatory bodies for the automotive lighting market include Japan Lighting Manufacturers Association, The Automotive Component Manufacturers Association of India (ACMA), The Canadian Vehicle Manufacturers’ Association and European Automobile Manufacturers’ Association (ACEA) among others.
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Fluctuating raw material cost and high R&D cost are restraining the automotive lighting market growth. The raw materials used in manufacturing are glass, tungsten, molybdenum, phosphorous, silicon, niobium, polymers, tantalum and mixture of inert gases. The cost for these materials keeps on changing and slows the growth rate for automotive lighting market size. Product development to meet the requirements of government specifications requires considerable investment by the manufacturers.
Technological enhancement in the lighting industry has led to an attractive outlook for the companies. Partnerships with automobile OEMs are set to improve the quality of new product development. The major challenge before the manufacturers is to develop the cost-effective high quality lighting systems. Reducing the effect of bright light to decrease the driver distraction is another area of improvement. Increasing demand for environment friendly solutions has influenced manufacturers to develop energy efficient products for automotive lighting market.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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