Press release
Automotive Lighting Market Growth | Global Industry Top Players : General Electric Co., Hella KGaA Hueck & Co, Hyundai Mobis, ICHIKOH INDUSTRIES LTD, Magneti Marelli S.p.A, OSRAM Licht Group and Royal Phillips Electronics
Automotive Lighting Market
Automotive Lighting Market is anticipated to reach around USD 48.08 billion by 2026
Automotive Lighting Market Overview:
Automotive lighting is an integral part of all vehicles. The lighting is essential to ensure the safety, style and comfort of vehicles. The vehicle lighting system includes signaling and lighting devices installed in the front, rear, sides and inside the vehicle.
Browse details of 128 number of pages research report developed on "Automotive Lighting Market" @ https://www.researchcosmos.com/reports/automotive-lighting-market/59089457
Automotive Lighting Market Drivers and Restraints:
The basic function of automotive lighting is to ensure good visibility at night and in bad weather. The vehicle's lighting unit helps other vehicles determine their size and relative position, helping to keep the distance between them. Automotive lighting has taken a new role in recent years due to the development of advanced lighting technologies, such as adaptive front lighting systems, HID xenon projection and LED lighting are increasingly used in automotive applications due to energy efficiency, weight reduction and space saving. LEDs are increasingly used in automotive applications due to their energy efficiency, weight reduction and space saving, supporting the market growth.
Geographical Analysis of Automotive Lighting Market:
Global Automotive Lighting is segmented by region in North America (United States, Canada, rest of North America), South America (Brazil, rest of South America), Europe (United Kingdom, France, Germany, Italy, rest of Europe), Asia Pacific (China, India, Japan, rest of the Asia-Pacific region) and the Middle East and Africa (GCC, Turkey, South Africa, the rest of the Middle East and Africa). In Asia-Pacific, the market of automotive lighting products represented the largest share in 2016 due to its greater participation in automotive production, increased buyer and consumer preferences.
Technological innovations in the automotive industry not only focus on energy efficiency, but also on improving product quality and customer experience. Manufacturers offer innovative features at a considerable price to meet the expectations of buyers. The players in the lighting industry are strengthening their presence in the growing automotive markets, such as China and India, where operating costs are low and disposable income is growing.
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Key Players of Automotive Lighting Market:
The prominent players such General Electric Co., Hella KGaA Hueck & Co, Hyundai Mobis, ICHIKOH INDUSTRIES LTD, Magneti Marelli S.p.A, OSRAM Licht Group, Royal Phillips Electronics, SAMSUNG ELECTRONICS Co., Ltd, Stanley Electric Co. Ltd, VALEO, Zizala Lichtsysteme GmbH, Koito Manufacturing Co.,LTD, among others had an important share in global automotive lighting market. Hella KGaA Hueck & Co and OSRAM Licht Group held the largest share of the world market in 2016. Moreover, collectively the top vendors are focusing on new features in the automotive lighting market.
Automotive Lighting Market Key Segmentation:
By Type:
• Exterior
• Interior
By Technology:
• LED
• Halogen
• Xenon
By End User:
• Passenger Vehicles
• Commercial Vehicles
By Region:
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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