Automotive Lighting Market

The Lighting Market for Automotive is majorly driven by increasing vehicle production and increasing lighting applications, especially in passenger cars. Additionally, factors such as passenger and pedestrian safety regulations and increased demand for luxury, comfort, and ambience are driving technological advancements in the automotive lighting industry. The market for Automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach USD 29.97 Billion by 2022.

Objectives of the Lighting Market Study:

• To define and segment the Lighting market for Automotive , in terms of volume (‘000 units) and value (USD million), by position, technology, application, vehicle type, and region
• To segment the country-level market for automotive lighting and forecast the market size, by value and volume, based on vehicle type, light position, and technology
• To understand the market for Automotive by application (Exterior and Interior)
• To segment the alternate fuel vehicle market for automotive lighting and forecast the market size, by value and volume, based on vehicle type, light position, and technology
• To segment the market for Automotive and forecast the market size, by value and volume, based on adaptive system type, namely, front lighting system, rear lighting, and interior lighting system

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Lighting manufacturers associations such as Automotive Component Manufacturers Association of India (ACMA), Japan Lighting Manufacturers Association (JLMA), European Automobile Manufacturers’ Association (ACEA), and The Canadian Vehicle Manufacturers’ Association, among others were consulted for gathering the information.

Target Audience of Lighting Market

• Manufacturers of automotive lighting systems
• Lighting component suppliers
• Dealers and distributors of automotive lighting systems
• Original equipment manufacturers
• Industry associations, investment firms, equity research firms, and private equity firms

Lighting Market, By Technology

• Halogen/Incandescent
• Xenon/HID
• LED

China and India together contribute 35% of the global vehicle production and approximately 34% of the global passenger car production. Due to this, Asia-Oceania is estimated to be the largest and fastest growing market for automotive lighting. The Chinese buyers, in particular, are becoming sophisticated as they are ready to upgrade to newer and better models. Also, technologies such as ambient lighting and adaptive lighting are gaining pace in these markets. Hence, these factors contribute to a positive growth in the Asia-Pacific automotive lighting market.

Automotive Lighting Market Global Key Players

• Hella KGaA Hueck & Co. (Germany)
• Osram (Germany)
• Magneti Marelli (Italy)
• Koito Manufacturing Co., Ltd (Japan)
• Stanley Electric (Japan)

Source:

https://www.marketsandmarkets.com/Market-Reports/automotive-lighting-market-1133.html

https://futureautomotivemarkettrends.wordpress.com/2019/02/05/lighting-market/