Automotive Lighting System Market Share, Trends and Industry Research Report, 2017 - 2024: Global Market Insights Inc.

The global Automotive Lighting System Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers. Lighting is an essential system in an automobile, responsible for safety and comfort. The prime applications include ensuring drivers’ visibility, indicating the position and presence of vehicles to others, and improving vehicle conspicuity.

Increasing buying power of the consumers has increased the demand for advanced and sophisticated technologies such as Daylight Running Lights (DRLs) and Advanced Front-lighting System (AFS). Growing number of vehicles in BRIC countries is further offering an opportunity for automotive lighting system market growth.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2012

Growing demand for luxury, ambiance, and comfort as well as pedestrian and passenger safety regulations will positively impact the industry growth over the forecast timeline. Additionally, the surge in sales of electric vehicles owing to government subsidies and emission regulations for vehicles is also anticipated to drive the revenue.

The automotive lighting system market is segmented by vehicle type into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars is anticipated to grow at a higher rate during the projected period. This segment is expected to lead the industry in terms of both value and volume followed by LCVs.

The exterior lighting can be categorized into fog lights, head lights, tail lights, side lights, Daytime Running Lights (DRL), Center high mount stop lamps (CHSML), and others. Others include brake lights, indicators, license plates, reverse lights, and side view mirror indicators. The interior lighting segment consists of glove box, dashboard, reading lights, rear view mirror interior lights, and dome lights.

Based on technology, the industry is segmented into LED, Xenon/HID, and halogen/incandescent. The LED segment is expected to showcase the highest market growth. This growth can be credited to the benefits offered by LEDs such as lower energy consumption and temperature, bright illumination, and flexibility in designing. These features are leading to growth in the adoption of LED lights in automobile interior.

Asia Pacific is expected to be the fastest growing region. India, China, South Korea, and Japan account for the majority of vehicle production in the global automotive industry and thus are anticipated to acquire the maximum share of the automotive lighting system market. The customers in China are upgrading their cars to better and newer models. The advanced technologies, such as adaptive and ambient lighting, are gaining popularity in China.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/2012

The manufacturers in the automotive lighting system market include Koninklijke Philips N.V., General Electric (GE), Hella KGaA Hueck & Co., Magneti Marelli, Osram, Stanley Electric, Koito Manufacturing Co., Ichikoh Industries, Ltd., and Zizala Lichtsysteme GmbH. The key strategies implemented by the companies are expanding business by acquiring other competing companies. In July 2016, Osram acquired the U.S. automotive lighting startup, Novità Technologies.

Automotive Lighting System Market Size, Industry Outlook, Regional Analysis (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Qatar, UAE), Application Development & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/automotive-lighting-system-market

Browse Related Reports:

Automotive Lighting Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/automotive-lighting-market

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

29L Atlantic Avenue, Suite L 105,

This release was published on openPR.