Press release
Automotive Lighting Market - Front Lighting Segment Likely to Emerge Dominant
Obtain Brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2775
According to TMR, the global automotive lighting market is likely to reach US$46,372.7 mn by the end of 2025, compared to US$28,250.5 mn in 2016, reporting a CAGR of 5.7% between 2017 and 2025. Occupying over 46% of the global automotive lighting market based on revenue, Asia Pacific emerged dominant in 2016. Based on application, the demand for front lighting was the highest in 2016.
The steady growth witnessed in the global automotive lighting market is significantly influenced by the expansion of the automotive industry. Lighting is crucial for a vehicle to travel along roads during dark. Besides improving visibility during bad weather conditions and darkness, automotive lighting also increases the conspicuity of a vehicle. Be it passenger or commercial vehicles, energy efficient and cost-effective lighting systems are very important to ensure safe driving. Therefore, the rising demand for vehicles, and the subsequent growth in automotive production will give significant impetus to the global automotive lighting market. Additionally, the market is likely to benefit from the rising purchasing power of consumers, especially in emerging nations. Favorable government policies are also likely to enable the global automotive lighting market gain momentum in the coming years.
The market will gain considerably from rising focus on vehicle safety. This, coupled with the rising demand for improved road illumination, is expected to enable growth in the market in the coming years. With governments across various nations implementing more stringent laws to ensure better road safety, the automotive lighting market is likely to witness lucrative growth prospects in the coming years. To enhance road safety and make driving experience more relaxed, automakers are integrating technologically advanced lighting solutions, to enable drivers distinguish obstacles even at dark within the help of UV and IT lights. Furthermore, various signal lightings are introduced as well. These lights are adaptive to diverse ambient conditions and can respond to emergency breaks.
Browse Market Research Report @ https://www.transparencymarketresearch.com/automotive-lighting-market.html
Fluctuating Raw Materials Prices Could Adversely Impact Overall Market
Newer trends recently introduced in the automotive sector are also creating newer opportunities for the market. For instance, the advent of ambient lighting is one of the newer applications, wherein the equipment is strategically installed in the vehicle to create a pleasing effect. In the last couple of years, the aftermarket sales of these systems have significantly increased over the years, indicating the rising demand for the same among automobile enthusiasts. The prevailing environment is therefore conducive for the steady growth of the automotive lighting market. On the downside, involvement of high initial investment and fluctuating prices of raw materials can have adverse influence on the overall automotive lighting market.
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact TMR
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
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 - Front Lighting Segment Likely to Emerge Dominant here
News-ID: 964590 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for Lighting
Residential Lighting Market Top Players || EVERLIGHT; Hinkley Lighting; IKIO LED …
Residential Lighting Market research report comprises of several parameters which are thoroughly studied by the experts. To generate the best market analysis report, a range of objectives of the marketing research are required to be kept in mind. With this industry report it becomes simpler for customers to understand the various drivers and restraints impacting the market during the forecast period. Residential Lighting Market report helps to provide such market…
Energy Efficient Lighting Market Explore Future Growth by 2022 | Philips Lightin …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Energy Efficient Lighting Market Forecast to 2023: Acuity Brands, Cooper Lightin …
A report added to the rich database of Qurate Business Intelligence, titled “World Energy Efficient Lighting Market Research Report 2023 (Covering USA, Europe, China, Japan, India and etc)”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the…
Energy Efficient Lighting Market Development and Growth Analysis by Philips Ligh …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Airport Lighting Market by Airport type (Commercial and Military), by Light Type …
ReportsWeb.com has announced the addition of the “Global Airport Lighting Market Research Report 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification.
Global airport lighting system market offers good growth opportunity and is likely to grow at 7.6% CAGR during the forecast period of 2016 to 2021. Increasing government investment on airport infrastructure driven by increasing passenger traffic and rising…
Compact Fluorescent Lamp Market 2017 - GE Lighting,Opple Lighting,Panasonic Ligh …
Apex Research, recently published a detailed market research study focused on the "Compact Fluorescent Lamp Market" across the global, regional and country level. The report provides 360° analysis of "Compact Fluorescent Lamp Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Compact Fluorescent Lamp industry, and estimates the future trend of…
