openPR Logo
Press release

Automotive Lighting Market - Product Expert Unique Ideas by ROBERT BOSCH, Valeo, DENSO Corp, Hella, Hyundai Mobis, Koito Manufacturing, Koninklijke Philips, Osram Licht, Stanley Electric

04-15-2020 03:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Automotive Lighting Market - Product Expert Unique Ideas

The key players analyzed in this automotive lighting market report are DENSO Corporation, Hella KGaA Hueck & Co., Hyundai Mobis, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Osram Licht AG, ROBERT BOSCH GmbH, Stanley Electric Co., Ltd., Valeo, and Zizala Lichtsysteme GmbH.

Key Finding of The Automotive Lighting Market:
1) Based on technology, the LED segments generated the highest revenue in 2018.
2) Based on vehicle type, the passenger vehicle segment was the highest revenue contributor in 2018.
3) Based on region, Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
4) Based on region, Asia-Pacific contributed the highest market revenue in 2018, followed by Europe, North America, and LAMEA.

Schedule a Call with Our Analysts/Industry Experts To Find Solution For Your Business: https://www.alliedmarketresearch.com/connect-to-analyst/646

According to a recent report published by Allied Market Research, titled, "Automotive Lighting Market by Technology, Vehicle Type, Application, and product Sale: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global automotive lighting market size was valued at $18.00 billion in 2018, and is projected to reach $28.78 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026.

Automotive Lighting Market Based on technology, the LED segment dominated the global automotive lighting market in 2018, in terms of revenue. In addition, based on vehicle type, the passenger vehicle segment is expected to lead the market throughout the forecast period. In terms of application, rear lighting segment is expected to lead the market during the forecast period. Based on product sale, the original equipment manufacturers (OEMs) is the highest contributor to the automotive lighting system. At present, Asia-Pacific is the highest revenue contributor, and is expected to garner the highest revenue in the global market during the forecast period, followed by Europe, North America, and LAMEA.

Download Report Sample (210 Pages with Insights): https://www.alliedmarketresearch.com/request-sample/646

Asia-Pacific dominates the market, followed by Europe, North America, and LAMEA. China dominated the global automotive lighting market share in 2018, whereas India is expected to grow at a significant rate in the Asia-Pacific during the forecast period.

Lighting, being a vital component in automotive vehicles, plays an important role in automotive safety. Automotive vehicle consists of variety of lights, which increases visibility in darkness and bad weather conditions. In addition, the lights can increase conspicuity of vehicle. Lighting system comprises lighting and signaling devices. The lighting equipment are placed at different locations in the vehicle including front, rear, top, and interiors. Lighting provides illumination for the drivers, helping other vehicle drivers and pedestrians on the road to detect other vehicle's position, direction of movement, and size. Further, it also adds aesthetic looks for both interior and exterior parts of vehicles.

Many leading automotive lighting manufacturers are introducing new range of systems with innovations and advancements in it. For instance, Hyundai Mobis has developed the concept of communication based on lighting system used in automobiles. In addition, Hyundai Mobis has developed the world's first advanced adaptive driving beam linked to the advanced driver assistance system (ADAS), which prevents glare on the driver of the car moving in front and providing high beams on all front sides while driving. Also, HELLA KGAA HUECK & CO. has made several agreements and collaborations for developing and enhancing advanced lighting system to be used in automobiles.

Request for Customization of This Report: https://www.alliedmarketresearch.com/request-for-customization/646

Automotive lightings are used for providing a better view while driving and increase the safety and security while driving. With the increased production and sales of automobiles across the globe, the demand for adaptive lighting system has increased eventually leading the players operating in the region to develop new technologies to be applied in automobiles. Automotive lighting includes halogens, xenon/Hid, and LEDs among which halogens have a wider application due to its lower cost and easy availability. During the forecast period, LED lighting technology would witness the highest growth. This 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 growth during the forecast period. However, halogen lighting technology would maintain its leading position due to their low-cost advantages and widespread adoption.

Front lighting application finds the largest application in automotive, followed by rear lighting. Stringent government regulations as well as increase in demand related to efficient front lighting in vehicles drive the growth of the automotive lighting market. Moreover, interior lighting would also witness growth due to increase in trend of installing LED lights inside the vehicle for enhancing the looks. 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.

Interested to Procure the Data? Inquire Here: https://www.alliedmarketresearch.com/purchase-enquiry/646

The factors such as increase in emphasis toward road safety, stringent government regulations, and growth in automobile production foster the growth of the automotive lighting market. However, high cost of LEDs is expected to hinder the automotive lighting market growth. Furthermore, rise in demand for automotive in developing nations is anticipated to provide a remarkable growth opportunity for the players operating in the automotive lighting market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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 - Product Expert Unique Ideas by ROBERT BOSCH, Valeo, DENSO Corp, Hella, Hyundai Mobis, Koito Manufacturing, Koninklijke Philips, Osram Licht, Stanley Electric here

News-ID: 2012010 • Views: 560

More Releases from Allied Market Research

Flavored Whiskey Market 2020: Trends, Demand, Scope and Forecast to 2027
Flavored whiskey is an enhanced liquor for more youthful and female buyer base who has an inclination for smoother and unique complement in their beverage. With other soul offering, for example, beer, vodka, and rum, whiskey makers have likewise entered into flavored whiskey market by extending their product portfolio with flavored contributions. It is generally accepted because of its capacity to eliminate "off tastes" from the final product. Companies covered Diageo plc,
Dehydrated Food Market Current and Future Trends, Insight Growth and Forecast by …
Dehydrated food is the dried form of food by the process of dehydration. Dehydration enables the product to be preserved for a longer duration and this is the major factor that drives the global market for dehydrated food products. Advancement in technology has allowed the season fruits and vegetables to be consumed at any point in a year by dehydration and preserving for long time. Companies covered Nestle, Unilever, Mercer Foods, Kerry,
India Olive Oil Market Current and Future Demand by 2025 | Colavita S.p.A, Deole …
India Olive Oil Market by Type and Application: Opportunity Analysis and Industry Forecast, 2018 - 2025. The India olive oil market was worth $ 58.6 million in 2017 and is estimated to be growing at a CAGR of 9.9%, to reach $127.5 million by 2025. Olive oil is a liquid fat that is obtained from olives, a crop typically grown in the Mediterranean Basin. The oil is prepared by pressing whole
Food Preservatives Market Opportunities and Analysis to 2023 with Top Players Li …
Food Preservatives Market by Type, Function, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023. The food preservatives market was valued at $2,271 million in 2016, and is projected to reach $2,714 million by 2023, growing at a CAGR of 2.6% from 2017 to 2023. Asia-Pacific is one of the prominent consumers of food preservatives, accounting for nearly one-third of the total market in 2016. Download PDF Sample Report @ https://www.alliedmarketresearch.com/request-sample/2277 Preservatives are

All 5 Releases


More Releases for Automotive

Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,
Automotive IoT Market
The Internet of Things (IoT) is reshaping several sectors, including automotive. With IoT, automobiles are now equipped with value added services and applications such as automated driving and real-time traffic alerts to improve the overall driving experience. Owing to increased disposable income among the urban population and demand for technologically advanced products, the automotive sector is currently flourishing. This factor is reflecting positively on global automotive IoT market, which is
Tweaked Automotive ‘Spectre Edition’
Tweaked Automotive announces its most recent special edition release, the Spectre Edition Land Rover Defender. The idea of executing a special Land Rover Defender build was circulating around the Tweaked Automotive design department for some time. The fact Land Rover ceased production of these much loved four wheel drives that have been around since 1948 prompted Tweaked Automotive to get stated as a matter of urgency. Hand in hand the 007TM