Automotive Lighting Market Latest Technological Innovations with Keyplayers General Electric, Magneti Marelli S.P.A, Koito Manufacturing Co. Ltd, Valeo, Hella KGaA Hueck & Co., Stanley Electric, Ichikoh Industries, Osram GmbH, Lumax Industries Zizala Lich

The Automotive Lighting market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2026. The market size in terms of revenue (USD MN) is calculated for the study period along with the details of the factors affecting the market growth (drivers and restraints).

The automotive sector is one of the most prominent and largest contributing industries towards growth in GDP of some of the largest and fastest growing economies. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the automotive sales increase by more than 30% annually. In 2016, sales of automotive vehicles was 93.9 million units from 89.7 million units in 2015 worldwide. Increasing sales of automotive vehicles is driving growth of the automotive lighting market. The lighting provides illumination for the driver and also helps other drivers and pedestrians on the road to detect the position of vehicle. Furthermore, lighting systems adds to aesthetics of the vehicle, both externally and internally.

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The global automotive lighting system market is a highly fragmented with presence of many global and local vendors. Major players operating in the global automotive lighting market include General Electric, Magneti Marelli S.P.A, Koito Manufacturing Co. Ltd, Valeo, Hella KGaA Hueck & Co., Stanley Electric Co., Ltd., Ichikoh Industries Ltd., Osram GmbH, Lumax Industries Zizala Lichtsysteme GmbH, and Koninklijke Philips N.

Increasing implementation of new lighting technologies in automotive industry plays a major role for the growth of the automotive lighting market. Light emitting diode (LEDs), Organic light emitting diode (OLEDs), and Adaptive Front-lighting System (AFS) are some of the new lighting technologies, which are boosting the growth of automotive lighting market This technology helps in improving the driver visibility, which results in increasing road traffic safety and helps to reduce the collision. Furthermore, various advantages such as long life, energy efficiency, and less heat generation is fuelling growth of the automotive lighting industry.

In vehicle type, passenger vehicles segment held dominant position in the global automotive lighting system market in 2016, owing increasing sales of passenger cars, which in turn is driving growth of the market. For instance, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA) analysis, in 2016, around 69.5 million unit of passenger cars were sold worldwide from 66.4 million units in 2015.

On the basis of geography, a global automotive lighting market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2016, Asia Pacific held a dominant position in the market and is estimated to retain its dominance throughout the forecast period. India, china, Japan are some of the major economies, which are fuelling growth of the market in this region. India and China are the fastest emerging economies in the Asia-Pacific region, shows the ample growth opportunities towards the development of advanced lighting sources in the automotive industry. Moreover, the substantial growth in the automotive production in countries such as India and China is also contributing in the growth of the market in the region. In fact, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA) analysis, in 2016, around 24.37 million units of passenger cars were sold in china up from 21.21 million units in 2015. Moreover, 2.967 million units and 4.15 million units of passenger cars were sold in India and Japan, respectively in 2016.

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Key Questioned Answered Automotive Lighting Research Report:
• What Overview Automotive Lighting Market Says? This Overview Includes Analysis of Scope, Types, Application, Sales by region, manufacturers, types and applications.
• Who Are Automotive Lighting Market Key Manufacturers? Along with this survey you also get their Product Information (Type, Application and Specification).
• What business strategies the top players are adopting to sustain in the market?
• Automotive Lighting Market Manufacturing Cost Analysis –This Analysis is done by considering prime elements like Key RAW Materials, Price Trends, Market Concentration Rate of Raw Materials, Proportion of Raw Materials and Labour Cost in Manufacturing Cost Structure.
• What is Automotive Lighting Market forecast (2018-2026) Considering Sales, Revenue for Regions, Types and Applications?

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