Automotive Lighting Market - Future Growth & Forecast 2017-2025
With the rising demand for vehicles on a global scale, the global market for automotive vehicles has been ascending at an exceptional pace. As a result, the demand for automotive lighting will propel the demand for automotive lighting, a crucial aspect of vehicles. Automotive lighting is being developed to provide cost-effective yet efficient lighting systems in order to ensure safety of the passengers while driving.
Moreover, a number of manufacturers have been reducing energy consumption by incorporating energy efficient technologies, in alignment with environment-friendly efforts. The expanding automotive industries in several regions, growing global population, and the rising disposable incomes of people are encouraging the growth of the global automotive lighting market. In addition to these factors, the government regulatory policies worldwide pertaining to the safety of passengers has also been triggering demand.
Request Sample Copy of the Report @ www.tmrresearch.com/sample/sample?flag=B&rep_id=86
In addition, advent of innovative technologies recently is expected to aid the expansion of the global automotive lighting market. For instance, in February 2017, Covestro, one of the leading polycarbonate producers in the world, has collaborated with Hella KGA Hueck & Co., a German automotive lighting company, to introduce a transparent PC-based film that is coated with polyurethane, producing a 3D effect. Polyurethane coating enables the imprinting of different images, which is not only meant to enhance the appearance but also safety.
On the other hand, the high costs of HID and LED lighting systems might prevent further expansion of the market due to the presence of several price conscious consumers, particularly in the emerging economies. Another key restraint that might challenge the growth of the market is the vast volume of investment required for conducting research and development activities. However, the effect of these factors can be counterbalanced by the growing need for latest lighting solutions featuring stylish, aesthetic designs and advanced technologies.
Global Automotive Lighting Market
Automotive lighting plays an important role in the enhancing several aspects related to the safety, visibility, and aesthetics of a vehicle. Central to vehicle of any variety, commercial, private, big or small, the field of automotive lighting has evolved significantly in terms of improved visibility, design, technology, and energy consumption in the past few years. The recent developments in the LED lighting field have significantly helped the automotive industry achieve significant success in lowering down the energy consumed by lighting units.
Request TOC of the Report @ www.tmrresearch.com/sample/sample?flag=T&rep_id=86
This report on the global automotive lighting market presents an overview of many more developments to have influenced the market and its growth in the past few years. A detailed overview of the present state of the market and verifiable predictions about the future growth prospects of the market and its key elements are also included in the report. The report also presents a thorough analysis of factors such as growth drivers, trends, restraints, regulatory framework, and competitive landscape, which are expected to have a significant influence on the future state of the market.
Global Automotive Lighting Market: Segmentation
The report segments the global automotive lighting market on the basis of criteria such as technology, position, vehicle type, and geography. On the basis of position of the automotive lighting, the market is segmented into front, rear, side, and interior. The front lighting unit commonly comprises fog lamp and head lamp units. The head lamp unit further includes low and high beam units, daytime running lamp (DRL) unit, and indicator. Tail lamp unit includes the position lamp, stop lamp, and indicators. Interior lighting, used to enhance the visibility in car interiors, is used to improve the aesthetic appeal of the vehicle.
Get Discount @ www.tmrresearch.com/sample/sample?flag=D&rep_id=86
In terms of lighting technology commonly used in automobiles, the report analyzes the market on the basis Xenon/HID, Halogen, and LED (light emitting diode). In terms of vehicle type, the market is segmented into passenger cars, light and commercial vehicles, and two wheelers. In terms of geography, the market has been analyzed for regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Global Automotive Lighting Market: Drivers and Restraints
The rising global demand for automobiles is the foremost factor driving the overall global demand for automotive lighting. The vast rise in an affluent consumer base across emerging economies such as India, China, and Brazil has, especially, fuelled the passenger vehicles market in these regions, thus positively impacting the overall development of the automotive lighting market. The rising numbers of vehicle production units in these countries are also leveraging the demand for automotive lighting units.
In the next few years as well, the market for automotive lighting is expected to earn a massive chunk of its revenue owing to demand and supply across these emerging economies, with developed markets such as North America and Europe witnessing moderate growth owing to stagnancy.
Global Automotive Lighting Market: Companies Mentioned in the Report
In the highly competitive market for automotive lighting, a large number of small and large players compete in terms of product features, material, aesthetics, and cost. Some of the key vendors in the market are Stanley Electric Co. Ltd, Zizala Lichtsysteme GMBH, Varroc Lighting Systems, Changzhou Xingyu Automotive Lighting Systems Co. Ltd, Wipac Limited, TYC Brother Industrial Co. Ltd, Osram GMBH, Koito Manufacturing Co. Ltd, General Electric, Hella Kgaa Hueck & Co., and Ichikoh Industries Ltd.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
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 - Future Growth & Forecast 2017-2025 here
News-ID: 882226 • Views: 159
More Releases from TMR Research
Weigh in Motion Market Share and Growth Factors Impact Analysis 2018 – 2028
Weigh in Motion Market – Introduction Weigh in motion (WIM) devices are specifically designed equipment to record the truck axle & gross vehicle weights as they drive over a measuring site or a sensor. The existing weigh in motion systems are witnessing an increasing traction over the conventional static weigh stations, as they don’t require the vehicle to stop, which make them a more efficient option. Numerous benefits of weigh
Gas Analysis Systems Market Competitive Landscape Analysis with Forecast by 2028
Gas Analysis Systems Market Introduction Gas analysis systems are used to monitor or analyze various chemical gases present in the product or sample. It helps in identifying the gas and also provides information on the quantity, displaying in the numerical or graphical form. The standard gas analysis system includes sample probe, line, filter, gas conditioning system including pump, cooler, and calibration gas system, and series of gas analyzers. Industries across sectors
VRF System Market - Product Application 2028 | Commercial Residential Others (Me …
VRF System Market – Introduction Variable refrigerant flow (VRF) system is widely adopted to control the amount of refrigerant flowing to various evaporators with different configurations and capacities. This growing adoption of VRF systems is attributed to their ability to provide comfort without swings at room temperature by offering the desired supply of heating or cooling when the need arises. VRF system caters to various applications owing to its availability
Digital Out of Home Market Dynamic Business Environment during 2018 - 2028
Digital Out of Home Market– Introduction Digital out of home (DOOH), also referred to as digital signage is a modern form of advertising that has effectively replaced traditional forms of advertising and marketing. Digital out of home advertising enables local vendors and advertisers to engage customers in real time, and track and monitor the effectiveness of their marketing messages. DOOH is a rapidly growing and dynamically-served visual mode of advertising
More Releases for Automotive Lighting LED
LED Shines Brightest in Automotive Interior Ambient Lighting Systems Market
The 21st century can be considered an age of customization and individualization as customers seek to be different and aspire to own products that perfectly fit into their discerning lifestyles. Automotive OEM’s have taken cognizance of this and have begun to experiment with different types of automotive interior lighting systems. Future Market Insights has conducted an exhaustive study of the ‘Automotive Interior Ambient Lighting Systems Market: Global Industry Analysis 2012-2016
Key Opportunities : Global LED Lighting Market 2017-2021 Covering Application - …
Albany, New York, July 18, 2017 : Recent research and the current scenario as well as future market potential of " Shares of LED Lighting Market in Global Industry : Technology, Applications, Growth and Status 2017 " globally. The report entitled Global LED Lighting Market (2017-2021 Edition), provides an in-depth analysis of the global LED Lighting market with detailed analysis of market size and growth, market share and economic impact of
Global LED Lighting (Automotive) Market
LED Lighting (Automotive) Market: Overview Vehicle drivers normally complain about poor visibility on the road, especially at night, when it becomes hard to see the distance of other vehicles coming from the opposite direction because of the strong glare. It is additionally a reality that around 40% of fatal accidents occur during the night. Nonetheless, with LED (light emitting diodes) lighting being used for car applications, the sprain of the motor
Automotive LED Lighting Market: Trends & Opportunities 2016
Big Market Research Add New “Automotive LED Lighting Market - Global Industry Analysis, Size, Share, Trends and Forecast, 2016 - 2021” Market Research Report to It’s a Database. Download Sample Copy: http://bit.ly/2eARc3X This report studies sales (consumption) of Automotive LED Lighting in Global market, especially in United States, China, Europe, Japan, focuses on top players in these regions/countries, with sales, price, revenue and