Press release
Vehicles Interior Lighting Industry Is Expected To Reach At a CAGR of 4.5% During The Forecast Period, 2018-2025
In terms of consumption side, this report focuses on the consumption of Vehicles Interior Lighting by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. The lighting system of vehicles consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle.
The lighting system consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. This lights the roadway for the driver and increases the visibility of the vehicle, allowing other drivers and pedestrians to see a vehicle's presence, position, size, direction of travel, and the driver's intentions regarding direction and speed of travel. Emergency vehicles usually carry distinctive lighting equipment to warn drivers and indicate priority of movement in traffic.
On the basis of technology, the market is segregated into halogen, xenon, and LED. Halogen dominated the industry in 2017 and is expected to grow at a CAGR of over 4.2% from 2017 to 2023. Low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. They are available in different dimensions and are cost-effective and easy to replace. However, excessive heat loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 10% of the overall share in 2017 and is expected to witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights
The Vehicles Interior Lighting market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of 4.5% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Vehicles Interior Lighting.
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This report includes the following manufacturers; we can also add the other companies as you want.
Koito (Japan)
Valeo (France)
Hella (Germany)
ZKW Group (Austria)
Lumax Industries (India)
Varroc (USA)
TYC (China)
Xingyu (China)
Market Segment by Product Type
Xenon Lights
Halogen Lights
LED
Other
Market Segment by Application
Passenger Vehicles
Commercial Vehicles
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Key Regions split in this report:
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
The study objectives are:
To analyze and research the global Vehicles Interior Lighting status and future forecast, involving capacity, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
To present the key Vehicles Interior Lighting manufacturers, capacity, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers and applications.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Vehicles Interior Lighting are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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