Automotive Lighting Market 2019 SWOT Analysis & Key Business Strategies by Leading Industry Players and Forecast 2023: Hella KGaA Hueck & Co., Osram, Magneti Marelli, Koito Manufacturing, Stanley Electric, GE, Philips

The Automotive Lighting Market is majorly driven by increasing vehicle production and increasing lighting applications, especially in passenger cars. Additionally, factors such as passenger and pedestrian safety regulations and increased demand for luxury, comfort, and ambience are driving technological advancements in the automotive lighting industry.

The research methodology used in the report involves various secondary sources including paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the lighting market. The bottom-up approach has been used to estimate the market size, by volume and value. The market size, in terms of volume, is then multiplied by the average OE price (AOP) of lighting units required for each application and vehicle type to calculate the market in terms of value.

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The summation of the country-wise market gives the regional market and further summation of the regional market provides the global automotive market, by volume and value. Lighting manufacturers associations such as Automotive Component Manufacturers Association of India (ACMA), Japan Lighting Manufacturers Association (JLMA), European Automobile Manufacturers' Association (ACEA), and The Canadian Vehicle Manufacturers' Association, among others were consulted for gathering the information.

The Automotive Lighting Market ecosystem consists of manufacturers and Tier 1 suppliers such as Hella KGaA Hueck & Co., Osram, Magneti Marelli, Koito Manufacturing, Stanley Electric, GE, Philips

The study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years (depends on range of forecast period) for prioritizing their efforts and investments.

The Automotive Lighting Market is projected to grow at a CAGR of XX% from 2019 to 2023 and is expected to reach USD XX Billion by 2023. The market growth can be attributed to the increase in vehicle production and lighting applications, especially in passenger cars. Alternatively, the electrical vehicle lighting market is projected to grow at a CAGR of XX% during the forecast period. This growth can be attributed to the increase in sales of electric vehicles as a result of emission regulations and government subsidies for these vehicles.

Traditionally, halogen, being a low-cost and easily available technology, has been the majorly used lighting technology. Halogen was earlier a conventional choice for lighting in cars and other vehicles. However, with the advent of time, other lighting technologies became more prominent. Xenon and LED are the other prominent lighting technologies. Amongst, all the three technologies, LED would witness the highest growth during the forecast period. This can be attributed towards the discernible shift towards energy-efficient technology in lighting controls. LED lighting possesses high capabilities and flexibility for use in various automotive lighting applications. These also allow room for innovation with lighting techniques and designs, as LEDs are versatile and can be incorporated with other technologies.

Many technological innovations and unique products are being created using LED lighting, to cater to a vast customer base. Presently, LED lights are installed mostly in high-end vehicles due to their relatively higher cost. However, the ongoing research to lower their cost, would create significant demand of these lights. The market forecast for automotive lighting looks promising in the given forecast period.

The automotive lighting market is segmented based on lighting applications, technology, product sale, vehicle types, and geography. On the basis of lighting applications, the market is segmented into front lighting, rear lighting, side lighting, and interior lighting. With respect to lighting technology, the market is segmented into halogen, xenon and LED.

Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Based on product sale, the market is segmented into OEM products and aftermarket products. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Objectives of the Study:
• To define and segment the market, in terms of volume (‘000 units) and value (USD million), by position, technology, application, vehicle type, and region
• To segment the country-level market and forecast the market size, by value and volume, based on vehicle type, light position, and technology
• To understand the market by application (Exterior and Interior)
• To segment the alternate fuel vehicle lighting market and forecast the market size, by value and volume, based on vehicle type, light position, and technology
• To segment the market and forecast the market size, by value and volume, based on adaptive system type, namely, front lighting system, rear lighting, and interior lighting system

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Table of Contents
Chapter One Automotive Lighting Industry Overview
Chapter Two Automotive Lighting Up and Down Stream Industry Analysis
Chapter Three Asia Automotive Lighting Market Analysis
Chapter Four 2014-2019 Asia Automotive Lighting Productions Supply Sales Demand Market Status and Forecast
Chapter Five Asia Automotive Lighting Key Manufacturers Analysis
Chapter Six Asia Automotive Lighting Industry Development Trend
Chapter Seven North American Automotive Lighting Market Analysis
Chapter Eight 2014-2019 North American Automotive Lighting Productions Supply Sales Demand Market Status and Forecast
Chapter Nine North American Automotive Lighting Key Manufacturers Analysis
Chapter Ten North American Automotive Lighting Industry Development Trend
Continue . . .

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