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Automotive Lighting Market Growth, Trends, Absolute Opportunity and Value Chain 2025

08-22-2018 07:15 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Automotive Lighting Market Growth, Trends, Absolute

Lighting, being an essential component an automobile, acts a substantial role in automobile safety. Major use of light in automobile includes clearing the visibility in darkness and bad weather condition, driver's intentions regarding direction, detect vehicle on the road. In addition to that lightings also grace the interior and exterior look of automobiles. Lights are positioned at different places in an automobile – front, rear side and interior. Growing demand of environmental friendly solutions from OEMs influence manufacturers to develop more energy efficient automobile lighting

Automotive Lighting Market: Drivers & Restraints

Automobile lighting manufactures are actively involving in the continuous ongoing development in automobile industry by focusing on the efficiency improvement of lighting. Increasing passenger car penetration in the developing countries such as China and India, aided by the growing personal income rate is expected to spur the growth of automotive lighting market during forecast period.

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Automotive Lighting Market: Segmentation

On the basis of position, automotive lighting market is broadly segmented as:

Front

Rear

Side & Interior

On the basis of vehicle type, the automotive lighting market is segmented into:

Passenger Car

Light Commercial Vehicle

Heavy Commercial Vehicle

Two – Wheeler

On the basis of technology, the automotive lighting market is segmented into:

Halogen

Xenon

LED

In addition, report also includes automotive lighting market segmentation on the basis of channel type:

OEMs

Aftermarket

Automotive Lighting Market: Region-wise Outlook

Asia – Pacific region owing to the fast growing automotive industry in developing countries such as India, China and South Korea is expected to show a significant growth in the automotive lighting market. With rapid technological advancement and growing energy efficiency demand in automobile industry, automotive lighting market is expected to represent substantial growth at a significant CAGR during the forecast period.

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Automotive Lighting Market: Key Players

Some of the players in the market we identified includes General Electric, Hyundai Mobis., Hella KgaA Heuck & Co, Stanley Electric Co Ltd, Osram GmbH, Kononklijke Ichikoh Industries Ltd.,Philips N.V, Ichikoh Industries Ltd, Koito Manufacturing Co., Ltd, Valeo S.A, Magneti Marelli S.P.A and Zizala Lichsystems GmbH

ABOUT US:
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Future Market Insights
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Email: sales@futuremarketinsights.com
Web: https://www.futuremarketinsights.com

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