Press release
Automotive Lighting market witnessing a steady growth on account of growing automotive production across the world
Automotive lighting industry is witnessing a steady growth on account of growing automotive production across the world. The growing emphasis on vehicle safety and government regulations regarding automotive lighting systems, are contributing to the market growth. Additionally, increasing disposable income of people is supporting the demand of aesthetic looks for vehicles, which in turn, is creating the demand for advanced lighting solutions.Get Sample Copy for More Information at https://www.premiummarketinsights.com/sample/AMR00012663
Asia-Pacific, being the largest automotive vehicle market, would also be the largest market for automotive lighting. Growing automotive production, and increasing purchasing power in the two bigger markets of Asia viz., China and India, would drive the market growth of the Asia-Pacific market.
LED lighting technology would witness the highest growth during the forecast period. Traditional Halogen lighting technology will be gradually replaced by LED technology. By 2020, LED technology will constitute 1/3rd of the total automotive lighting market, growing at the highest CAGR during the forecast period. The growth would be fueled by features such as low power consumption, longer life and compact size of LED lights. The decreasing cost of LED lights would further fuel their market growth during the forecast period. However, halogen lighting technology would maintain its leading position due to their low-cost advantages and widespread adoption.
Passenger vehicles, with their dominant market share in total vehicle segment, would be the largest vehicle type segment for automotive lighting. The demand for aesthetic lighting features would support the demand of lights in private and commercial cars.
Industry players are focusing on introducing advanced LED lighting solutions as well as expanding their presence in growing automotive markets such as China and India. For instance, Magneti Marelli, a leading manufacturer of advanced lighting solutions for automotive industry, has set up new plants in India and China in fiscal year 2014-15 to take advantage of these growing automotive markets.
The leading players included in the report are General Electric (GE), Magneti Marelli S.P.A, Koito Manufacturing Co. Ltd, Valeo, Hella KGaA Hueck & Co., Stanley Electric Co., Ltd., Ichikoh Industries Ltd., Osram GmbH, Zizala Lichtsysteme GmbH, Koninklijke Philips N.V.
Get Exclusive Discount at https://www.premiummarketinsights.com/discount/AMR00012663
Key Findings of Automotive Lighting Market:
• The global automotive lighting market would grow steadily during the forecast period (2015-2020) due to rising concerns regarding road safety and growing automobile production.
• LED technology would be the fastest growing lighting technology throughout the forecast period.
• Halogen technology would continue to maintain its leading position due to lower cost and easy availability
• Exterior lighting in vehicles would continue to maintain its dominant share compared to interior lighting.
• Asia-Pacific, with its huge automotive vehicle production capacity, would be the largest market for the automotive lighting products.
• Passenger vehicles would create more demand for automotive lighting products compared to commercial vehicles during the forecast period
Purchase Complete Report at https://www.premiummarketinsights.com/buy/AMR00012663
Contact Person: Sameer Joshi
Email: sales@premiummarketinsights.com
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
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 witnessing a steady growth on account of growing automotive production across the world here
News-ID: 1801689 • Views: …
More Releases from Premium Market Insights
The Future of HVAC: Trends and Innovations
The Europe HVAC System Market HVAC system market was valued at US$ 50,772.07 million in 2022 and is expected to reach US$ 1,25,024.86 million by 2030; it is estimated to grow at a CAGR of 11.9% from 2022 to 2030.
𝐆𝐫𝐚𝐛 𝐏𝐃𝐅 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞➜ https://www.businessmarketinsights.com/sample/BMIRE00026922?utm_source=OpenPR&utm_medium=10694
Rise in Demand for Energy-Efficient Solutions Fuel the Europe HVAC System Market
Greenhouse gases are the primary sources of global warming and climate change. These gases absorb…
Automated External Defibrillators Market New Business Opportunities and Investme …
The Automated External Defibrillators Market is estimated to reach US$ 2,207.94 million in 2030 from US$ 1,556.21 million by 2030; the market is projected to record a CAGR of 4.5% from 2022 to 2030.
Some of the key driving factors for the automated external defibrillators market growth are the increasing prevalence of cardiovascular diseases and rising training and awareness programs on automated external defibrillators. However, performance issues related to automated external…
Hydrolyzed Collagen Market Types and Applications, Industry Drivers, Future Dema …
The Hydrolyzed Collagen Market was valued at US$ 946.43 million in 2022 and is projected to reach US$ 1,322.60 million by 2028; it is expected to register a CAGR of 5.7% from 2022 to 2028.
Various end-use industries are adopting business expansion strategies and scaling production capacity to provide better customer satisfaction. For instance, in July 2020, Rousselot and Giusto Faravelli announced a distribution partnership in Italy, effective from October 2020.…
Aroma Ingredients Market Expectations & Growth, Trends Highlighted Until 2028
The Aroma Ingredients Market was valued at US$ 5376.90 million in 2021 and is projected to reach US$ 7692.62 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.
Aroma ingredients are basically isolates of naturally sourced ingredients or chemically produced and are used as ingredients to add aromas or fragrance to various cosmetic and personal care products.
Based on product type, the global aroma…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…