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Automotive Lighting Market Explores New Growth Opportunities By 2015 - 2025

03-21-2017 07:32 AM CET | IT, New Media & Software

Press release from: Future Market Insights

Automotive Lighting Market Explores New Growth Opportunities

Lighting, being an essential component an automobile, acts a substantial role in automobile safety. Major use of light in automobile includes clearing the visibility in darkness and bad weather condition, driver's intentions regarding direction, detect vehicle on the road. In addition to that lightings also grace the interior and exterior look of automobiles. Lights are positioned at different places in an automobile – front, rear side and interior. Growing demand of environmental friendly solutions from OEMs influence manufacturers to develop more energy efficient automobile lighting

Automotive Lighting Market: Drivers & Restraints

Automobile lighting manufactures are actively involving in the continuous ongoing development in automobile industry by focusing on the efficiency improvement of lighting. Increasing passenger car penetration in the developing countries such as China and India, aided by the growing personal income rate is expected to spur the growth of automotive lighting market during forecast period.

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Automotive Lighting Market: Segmentation

On the basis of position, automotive lighting market is broadly segmented as:

Front

Rear

Side & Interior

On the basis of vehicle type, the automotive lighting market is segmented into:

Passenger Car

Light Commercial Vehicle

Heavy Commercial Vehicle

Two – Wheeler

On the basis of technology, the automotive lighting market is segmented into:

Halogen

Xenon

LED

In addition, report also includes automotive lighting market segmentation on the basis of channel type:

OEMs

Aftermarket

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Automotive Lighting Market: Region-wise Outlook

Asia – Pacific region owing to the fast growing automotive industry in developing countries such as India, China and South Korea is expected to show a significant growth in the automotive lighting market. With rapid technological advancement and growing energy efficiency demand in automobile industry, automotive lighting market is expected to represent substantial growth at a significant CAGR during the forecast period.

Automotive Lighting Market: Key Players

Some of the players in the market we identified includes General Electric, Hyundai Mobis., Hella KgaA Heuck & Co, Stanley Electric Co Ltd, Osram GmbH, Kononklijke Ichikoh Industries Ltd.,Philips N.V, Ichikoh Industries Ltd, Koito Manufacturing Co., Ltd, Valeo S.A, Magneti Marelli S.P.A and Zizala Lichsystems GmbH

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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