India Automotive Lighting Market Outlook 2016: By Technology - Halogen, Xenon, LED

Latest industry research report on: India Automotive Lighting Market. Lighting, a vital component in automotive vehicles, plays an important role in automotive safety. An automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions, and increase the conspicuity of the vehicle. The lighting system comprises lighting and signaling devices, which are placed at different locations in the vehicle such as the front, rear, side, and interiors. Lighting provides illumination for the driver and assists other vehicle drivers and pedestrians on the road to detect the vehicle’s position, direction of movement, and size. It also adds aesthetic looks to both interior and exterior parts of the vehicle.

Complete Report of India Automotive Lighting Market @ http://www.intenseresearch.com/market-analysis/india-automotive-lighting-market-by-technology-halogen-xenon.html

The India automotive lighting market witnessed significant growth in the recent past owing to increased automotive sales and economic growth. In addition, the market is driven by increasing population and concerns about vehicle safety triggered by government regulations.

In the recent past, India has emerged as one of the fastest growing market for passenger vehicles, and it is expected that this growth momentum would continue owing to economy growth prospects. Though the urban area dominated the sales of two wheelers, the rural area is expected to show increasing trend due to replacement demand and rising per capita income of the populace. Among other vehicles, the sale of tractors is projected to rise owing to infrastructure development and increased mechanization of agricultural activities. This has boosted the demand for automotive lighting for both OEM and aftermarket products in India.

Get Free Sample Report of India Automotive Lighting Market @ http://bit.ly/2cobFYG

Traditionally, halogen and xenon lights were popular among the population owing to their low cost and easy availability. However, the emergence of LED lights witnessed an increased demand due to their long life span and brightness. Nowadays, LED lights show an increase in demand to be utilized for interior lighting of the vehicle. However, high prices as compared to halogen and xenon lights restrain the market growth. Growing awareness regarding vehicle lights and decreasing prices of LED lights with technological advancement are expected to create lucrative market opportunities. The demand for LEDs is on a rise among premium car holders to add aesthetic looks to the vehicle.

About Intense Research

Intense Research is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air.

Contact Us

Nicole Austin
3422 SW 15 Street, Suit #8138,
Deerfield Beach, Florida 33442,
United States
Tel: +1-386-310-3803
GMT Tel: +49-322 210 92714
USA/Canada Toll Free No. 1-855-465-4651
Email: nicole@Intenseresearch.com
Web: http://www.intenseresearch.com/

This release was published on openPR.