openPR Logo
Press release

Automotive Lighting Market 2019 Strong Partnerships & Collaborations: Valeo, Samsung Electronics, Philips Lighting, OSRAM, Magneti Marelli, HELLA, General Electric(GE)

01-18-2019 04:19 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Automotive Industry

Automotive Lighting Market

Automotive Lighting Market

Automotive Lighting Market will grow at a CAGR of over 5% with USD 40 billion by 2024.

The shifting focus of the automakers toward the betterment of vehicle ergonomics and functionality has been propelling automotive lighting market. Over the last few years, the automotive industry has observed notable changes in technological disposition such as autonomous vehicles and connected cars which have transformed the overall design of vehicles. With the integration of attractive lighting systems in the exterior as well as the interior design of the vehicles, the automotive lighting market has been experiencing a remarkable business growth. In addition, on-going dynamic changes such as the infotainment system in the interior of vehicles also will fuel the product demand considerably.

Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/1444

In order to bring about innovation in automotive lighting systems, currently, several companies in the automotive lighting market have been teaming up with each other for short-term and long-term projects. In September 2018 for example, the Canada-based automotive components supplier, Magna has formed a joint venture with Micro LED startup company, Rohinni for manufacturing flexible and thin LED lights for vehicles. The focus here is on the development of lighter, brighter, and energy efficient lighting solutions with the help of Rohinni’s lighting technology and Magna’s software and electronics expertise.

In yet another instance, in 2017, Chinese LED product manufacturer for automotive applications has signed a four-year strategic deal with the Taiwanese LED chip manufacturer, Epistar to achieve a dominating position in APAC region. Both the companies have been mainly looking forward to raising their capabilities to produce automotive lighting products and control the infringement. They also have been planning to reduce the product prices in order to speed up their reach across myriad geographies. The rapid growth in the automotive lighting industry across Asia Pacific region will turn out to be beneficial for the companies which have been implementing new business tactics over the last few years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. General Electric Company
2. HELLA GmbH & Co. KGaA
3. Hyundai MOBIS
4. Magneti Marelli S.p.A.
5. OSRAM Group
6. Philips Lighting
7. Samsung Electronics Co., Ltd.
8. Valeo
9. Varroc Group
10. ZKW Group

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/1444

The passenger cars segment is anticipated to grow at 6% CAGR from 2018 to 2024. A high demand for passenger cars across the globe is compelling the increasing consumption of lighting products. An increased focus on enhancing the vehicle aesthetics and looks by automobile companies demands advanced and high-quality lighting systems. The commercial vehicles in the market are witnessing steady growth due to the implementation of enhanced lighting products. These vehicles require highly efficient lighting components to offer a longer life and quick response in emergency situations. The demand for commercial vehicles is on the rise due to the growth in trade & transportation business and government infrastructure development projects.

The interior automotive lighting market is expected to grow at 7% CAGR from 2018 to 2024. Modern passenger cars and luxury vehicles deploy advanced LED & halogen lamp components in the interior systems. These components lend enhanced ambiance and atmosphere to the modern cars. The implementation of LEDs in vehicle interiors supports the smart and intelligent technologies such as automated light switching, touch-free lighting, and color consistency. These systems provide illumination & brightness benefits while driving at night and support the situation-based light controlling in modern vehicles.

Browse Report Summery @ https://www.gminsights.com/industry-analysis/automotive-lighting-market

Key players in the automotive lighting market include HELLA GmbH & Co. KGaA, Hyundai MOBIS, Koito Manufacturing Co., Magneti Marelli S.p.A., Valeo, Osram Group, Philips N.V., General Electric, Samsung Electronics Co., Ltd., and Varroc. The automotive lighting industry is fragmented with the presence of a large number of enterprises and small players. The established companies in the industry possess a significant purchasing power and have strong partnerships & collaborations with the suppliers and OEMs. Companies operating in the lighting marketplace focus on the research & development activities to offer highly efficient and technically-advanced products, expanding the regional presence to gain eminence in the 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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Lighting Market 2019 Strong Partnerships & Collaborations: Valeo, Samsung Electronics, Philips Lighting, OSRAM, Magneti Marelli, HELLA, General Electric(GE) here

News-ID: 1513444 • Views:

More Releases from Automotive Industry

E-commerce Automotive Aftermarket Industry Analysis Players - Flipkart, eBay, Auto Zone, Advance Auto Parts, Napa Auto Parts, Amazon, Alibaba Group
E-commerce Automotive Aftermarket Industry Analysis Players - Flipkart, eBay, Au …
Global Market Insights added Most up-to-date research on “E-commerce Automotive AfterMarket: Global Industry Size, Share, Trends and Forecast, 2019 – 2025″ to its huge collection of research reports. This Research study on the Global E-commerce Automotive AfterMarket offers detailed and insightful information on major regional markets and related sub-markets. Online platforms have gained traction among the e-commerce automotive aftermarket participants for launching their product portfolio. The component manufacturers are continuously launching their
Automotive Turbocharger Market include BorgWarner, Cummins, Federal-Mogul, Honeywell, Linamar, Mitsubishi Heavy Industries
Automotive Turbocharger Market include BorgWarner, Cummins, Federal-Mogul, Honey …
Global Market Insights added Most up-to-date research on “Automotive Turbocharger Market: Global Industry Size, Share, Trends and Forecast, 2019 – 2024″ to its huge collection of research reports. This Research study on the Global Automotive Turbocharger Market offers detailed and insightful information on major regional markets and related sub-markets. Automotive turbocharger market from PCVs are likely to capture highest revenue share, surpassing 60% by the end of 2024. Rising production of these
Railway Management System Market set for years of strong growth By Huawei Technologies, IBM, Alstom, ABB, Amadeus, Ansaldo STS, Atos, Bombardier, Cisco, DXC Technology, Nokia, GE
Railway Management System Market set for years of strong growth By Huawei Techno …
Global Market Insights added Most up-to-date research on “Automotive Turbocharger Market: Global Industry Size, Share, Trends and Forecast, 2019 – 2024″ to its huge collection of research reports. This Research study on the Global Automotive Turbocharger Market offers detailed and insightful information on major regional markets and related sub-markets. Railway Management System Market will grow at a CAGR of over 10% with USD 64 billion by 2024. The cloud deployment model is
Where Will The Automotive Communication Technology Market Be In 2024? Industry Participants - Intel Corporation, NXP Semiconductors, ON Semiconductor, STMicroelectronics, Texas Instruments, Xilinx, Qualcomm, Broadcom Inc, Continental
Where Will The Automotive Communication Technology Market Be In 2024? Industry P …
The Europe automotive communication technology market held over 26% of the market share in 2017. The growth in this region is attributed to the rising awareness regarding automotive safety among citizens and stringent government regulations. The region is also the home for leading automotive semiconductor providers such as Elmos Semiconductor, NXP Semiconductor, STMicroelectronics, and Vector Informatik, which contributes to the market growth in this region. Poland is one of the

All 5 Releases


More Releases for Lighting

Residential Lighting Market Top Players || EVERLIGHT; Hinkley Lighting; IKIO LED …
Residential Lighting Market research report comprises of several parameters which are thoroughly studied by the experts. To generate the best market analysis report, a range of objectives of the marketing research are required to be kept in mind. With this industry report it becomes simpler for customers to understand the various drivers and restraints impacting the market during the forecast period. Residential Lighting Market report helps to provide such market
Energy Efficient Lighting Market Explore Future Growth by 2022 | Philips Lightin …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;
Energy Efficient Lighting Market Forecast to 2023: Acuity Brands, Cooper Lightin …
A report added to the rich database of Qurate Business Intelligence, titled “World Energy Efficient Lighting Market Research Report 2023 (Covering USA, Europe, China, Japan, India and etc)”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the
Energy Efficient Lighting Market Development and Growth Analysis by Philips Ligh …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;
Airport Lighting Market by Airport type (Commercial and Military), by Light Type …
ReportsWeb.com has announced the addition of the “Global Airport Lighting Market Research Report 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Global airport lighting system market offers good growth opportunity and is likely to grow at 7.6% CAGR during the forecast period of 2016 to 2021. Increasing government investment on airport infrastructure driven by increasing passenger traffic and rising
Compact Fluorescent Lamp Market 2017 - GE Lighting,Opple Lighting,Panasonic Ligh …
Apex Research, recently published a detailed market research study focused on the "Compact Fluorescent Lamp Market" across the global, regional and country level. The report provides 360° analysis of "Compact Fluorescent Lamp Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Compact Fluorescent Lamp industry, and estimates the future trend of