openPR Logo
Press release

Asia Pacific Automotive Lighting Market Share 2019-27, Automotive Lighting LLC, Hella GmbH & Co. KGaA, Koito Manufacturing Co., Ltd., Lumileds Holding BV, Osram Continental GmbH, SL Corporation, Stanley Electric Co. Ltd., Tungsram, Valeo SA, and Varroc Gr

03-27-2020 01:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

/ PR Agency: marketstudyreport.com
Asia Pacific Automotive Lighting Market

Asia Pacific Automotive Lighting Market

The 2019-2027 report on Asia Pacific Automotive Lighting market explores the essential factors Of Asia Pacific Automotive Lighting industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.

The automotive lighting market in Asia-Pacific is expected to grow from US$ 16.77 Bn in 2018 to US$ 23.30 Bn by the year 2027. This represents a CAGR of 3.9% from the year 2019 to 2027.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/2532814/?openpr.com/&utm_medium=VIPin

Overall, Asia-Pacific, automotive lighting market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia-Pacific automotive lighting market. It also provides an overview and forecast for the Asia-Pacific automotive lighting market based on all the segmentation provided with respect to the Asia-Pacific region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia-Pacific automotive lighting industry. Some of the players present in the automotive lighting market are Automotive Lighting LLC, Hella GmbH & Co. KGaA, Koito Manufacturing Co., Ltd., Lumileds Holding BV, Osram Continental GmbH, SL Corporation, Stanley Electric Co. Ltd., Tungsram, Valeo SA, and Varroc Group among others.

The automotive lighting market by application is segmented into a headlamp, rear lighting, interior lighting, CHMSL, fog lamps, and small lamps. The category of small lamps in embraced with daytime running lamps (DRL) and sidelights. The sidelights use 5W bulb and thus are less bright than headlights. There are some companies which provide DRL for ensuring better visibility. For instance, Philips's daytime running light solutions are equipped with advanced technology to deliver greater road safety while also providing an automotive an aesthetic look to match with the appearance of most premium cars. The feature of DRL has become popular in countries where less light is present majorly in winter. Sweden, Iceland, Denmark, Norway, and Canada are amongst the first to use DRLs in their vehicles. Therefore, the increasing demand for small lamps is expected to support the growth of automotive lighting market.

As per automobile associations, the global vehicular population crossed 1 billion in 2010, which was driven by the aggressive growth rates in India and China in that fiscal year. The rise in the sales of vehicles, in particular passenger cars, can be attributed to the steady increase in the disposable incomes of consumers, especially during the post-recession era. As a result, cost- and fuel-efficiency are no longer the primary criteria for the purchase of these cars; instead, the purchases more depend on the comfort and luxury provided with them. Moreover, consumers are increasingly evaluating lighting systems and car ergonomics while making the selections.
Therefore, increasing demand for luxury cars is expected to support the growth of automotive lighting market.

Safety concerns have propelled the automakers to look for a safer alternative. Increasing sales of luxury cars and high disposable incomes of the people in the emerging economies are expected to support the growth of the automotive lighting market. However, the high cost of LED lighting as compared to other lighting solutions might hinder the growth of the automotive lighting market. The trend of urbanization is growing at an exponential rate, which is leading to a hike in the average disposal income of the urban population, allowing them to enhance their lifestyles. The transformed lifestyles are further boosting the demand for passenger cars, thus propelling the manufacturers to uplift the production to be able to cater to customers optimally. The production of vehicles, including passenger cars, has registered steady growth in developed, as well as developing economies, in the post-recession era, i.e., since 2010. Lowered interest rates on loans have also favored the growth of the automobile industry. The year-on-year growth rate of passenger car production has been closing to 2% in the past 7-8 years.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/2532814/?openpr.com/&utm_medium=VIPin

Table of Content:
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia-Pacific Automotive Lighting - Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
5. Asia-Pacific Automotive Lighting Market - Market Dynamics
5.1 Drivers
5.1.1 Increasing sales of premium and luxury car owing to rising disposable income
5.2 Restraints
5.2.1 High prices of LED lighting solutions as compared to other lighting solutions
5.3 Opportunities
5.3.1 Growing demand for LED automotive exterior lighting
5.4 Future Trends
5.4.1 Growing popularity of laser headlamps among automotive OEMs
5.5 Impact Analysis of Drivers and Restraints
6. Asia-Pacific Automotive lighting Market -Market Analysis

Related Report:
Asia-Pacific Automotive LED Lighting Market Report 2018

In this report, the Asia-Pacific Automotive LED Lighting market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Automotive LED Lighting for these regions, from 2012 to 2022 (forecast).

https://www.marketstudyreport.com/reports/asia-pacific-automotive-led-lighting-market-report-2018?openpr.com/&utm_medium=VIPin

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com/
News: https://www.cuereport.com/

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

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 Asia Pacific Automotive Lighting Market Share 2019-27, Automotive Lighting LLC, Hella GmbH & Co. KGaA, Koito Manufacturing Co., Ltd., Lumileds Holding BV, Osram Continental GmbH, SL Corporation, Stanley Electric Co. Ltd., Tungsram, Valeo SA, and Varroc Gr here

News-ID: 1988084 • Views: 145

More Releases from marketstudyreport.com

Covid -19 Impact on Video Conferencing Market Size 2026: Top Companies, Trends a …
Market Study Report recently introduced new title on “2020-2026 Global Video Conferencing Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates Market size outlook and status to 2026. Video Conferencing Market size is anticipated to grow at over 19% CAGR between 2020 and 2026. The global video conferencing market is set to register a tremendous rise in its growth
What's driving the Patient Monitoring Devices Market Size? Fukuda, Philips, Skan …
Selbyville, Delaware the prime objective of Patient Monitoring Devices report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. Wireless segment is anticipated to witness more than 5% growth over the forecast period. Substantial growth can be attributed to rising preference for
What's driving the 3D Implants Market trends? Stryker, Smith and Nephew, DJO Glo …
The 3D Implants market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. Request a sample Report of 3D Implants Market at: https://www.marketstudyreport.com/request-a-sample/2679238/?utm_source=OPR.com/&utm_medium=SP The most likely (base case) scenario
Artificial Vascular Implants Market is thriving worldwide by 2025 | Top Key Play …
Global Artificial Vascular Implants Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Artificial Vascular Implants Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Artificial Vascular Implants market and provides information regarding the revenue for the period 2020 to 2025. The Artificial Vascular Implants market report provides

All 5 Releases


More Releases for Asia

RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According
eltherm goes Asia
Finally all preparations are finished and the new subsidiary of eltherm GmbH, eltherm Asia Pacific Pte Ltd has commenced operations in Singapore on 1st April 2010. To celebrate the starting shot, an opening celebration was held in the afternoon of 28th July in the office premises followed by a get together dinner and drinks in the evening at a pub. A total of 62 guests attended the event with the