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What’s Driving the Automotive Lighting Market trends? Magneti Marelli, Osram, Valeo, Hyundai MOBIS, HELLA, General Electric, Varroc, Koninklijke Philips, and Samsung Electronics

07-01-2019 07:46 PM CET | Business, Economy, Finances, Banking & Insurance

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What’s Driving the Automotive Lighting Market trends?

Automotive Lighting Market Research Report is a professional and in-depth study on the current state of the global industry. The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Automotive Lighting Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions development status

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Automotive Lighting Market is expected to reach USD 40 billion by 2024. Increasing road safety concerns across the globe have pushed the integration of advanced lighting systems in automobiles. These systems are witnessing extensive upgrades and are adopted by automotive manufacturers to provide a superior experience to the drivers. The lighting systems in vehicles enable enhanced visibility and clarity, crucial for ensuring the safety of the passengers. For instance, in 2016, a project initiated by the German Federal Ministry of Education and Research successfully developed a flexible & compact LED chip and completed the headlight demonstrator test in collaboration with Infineon, Osram, Fraunhofer Institute for Reliability and Microintegration.

Flourishing automotive industry across the globe is majorly driving the implementation of the automotive lighting market products. High production of vehicles, automotive spares, and systems in countries including Germany and China are driving the industry growth. The global automobile industry is growing as the car manufacturers have started responding to the newer government regulations for safety and customer demands for numerous advanced security features. Moreover, technological advancements and urbanization are creating manageable changes in the automotive industry.

LED technology in the automotive lighting market is expected to witness several growth opportunities over the forecast timeline. The penetration of LED technology from high-end to mid-range and low-range vehicles is one of the major factors contributing to the growth of the automotive lighting market. This is attributed to the declining costs of LEDs ensued by the optimization and the calibration of LED modules, which is compelling the car manufacturers to introduce LED lighting in economical cars as well. The benefits include more brightness and low power consumption. The use of LED lights is not limited to headlamp systems and are increasingly implemented in the interior and backlighting systems. For instance, cars, such as Nissan Alto and Honda Accord, are equipped with LED daytime running lights.

Passenger cars in the automotive lighting market are witnessing a rapid demand owing to the increased consumer demand. These cars deploy advanced lights in various systems including the front, rear, interior, and exterior lighting. The growing awareness to develop safe and technically-efficient passenger vehicles and manufacturer strategies to sustain the high automotive lighting market competition drives the segment growth.

The automotive lighting market is expected to witness a lucrative growth in China owing to the rapidly growing automobile industry in the country. The Chinese automotive industry has been at the forefront in terms of annual production surpassing Europe, the U.S., and Japan. China is an attractive place for foreign auto manufacturers and many established foreign players have their manufacturing plants in China. This can be credited to the cheap & easy labor availability and low costs of raw materials.

Prominent automotive lighting market players include Magneti Marelli S.p.A., General Electric, Hyundai MOBIS, HELLA GmbH & Co. KGaA, Namyung Lighting, Philips NV, Osram Group, and Varroc. The key industry players adopt efficient product development strategies including partnerships and mergers. Companies in the automotive lighting market adopt low and value-based pricing strategies to pose entry barriers for new participants and offer increased product efficiency.

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Table of Contents

Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definition

1.1.6. Methodology and forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

1.2.2.1. Paid sources

1.2.2.2. Public sources

Chapter 2. Executive Summary

2.1. Automotive Lighting industry 3600 synopsis, 2014 - 2025

2.1.1. Regional trends

2.1.2. Software trends

2.1.3. Application trends

2.1.4. Vehicle type trends

2.1.5. End use trends

Chapter 3. Automotive Lighting Industry Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Automotive Lighting industry landscape

3.4. Industry ecosystem analysis

3.5. Evolution of Automotive Lighting

3.6. Technology & innovation landscape

3.6.1. Advanced driver assistance system (ADAS)

3.6.2. Cybersecurity for in-vehicle software and connected cars

3.6.3. Over-the-air update/maintenance

3.6.4. Deployment of open source software (OSS) in automotive

3.6.5. Consolidation of ECU and domain-controller functionality

3.6.6. Deployment of application program interface (API) in Automotive Lighting

3.6.7. Front Ventilated Seats for driver and Co-driver

3.6.8. Cooled glove box

3.6.9. Smart electric sunroof

3.6.10. Walk away lock and child safety lock

3.7. Regulatory landscape

3.7.1. Federal Motor Vehicle Safety Standards

3.7.2. Global Technical Regulations

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