Automotive Lighting Market 2022
Automotive lighting is the used for illumination purpose in automobile vehicles. The lighting system of automobile vehicle consists of various lighting and signaling devices, which is integrated with various parts of a motor vehicle. Automobile lighting is used in the front, back, sides and top portion of the vehicle. Automotive lighting indicates vehicle’s presence, size, position, direction of travel, and the driver’s intentions regarding direction and speed of travel.
Various components of automotive lighting includes auxiliary lights, headlights, taillights, sidelights, interior light, compact lights, off road lights, fog lights, dome light, key light, instrument displays light and other light accessories. These lights are used for many purposes in vehicles such as to drive the vehicle safely in dark, enhance the visibility and act as the warning signals.
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Automobile manufacturers have significantly minimized the energy consumption by using LED and adaptive lighting technologies. There are mainly three types of technologies used in automotive lighting such as xenon, halogen and LED. Among these, halogen is most widely used automotive lighting.
Some factors that drive the automotive lighting market are growing concern of road safety, increasing use of higher efficiency of LED automotive lighting technology and lighting legislations by governments. Increase in purchasing power of individual helps to increase the demand for sophisticated and advance technologies such as advance front lighting system (AFS) and daylight running lights (DRLs).
Growing total number of vehicle in the BRIC nations further creates large opportunity for the growth of automotive lighting market in the coming years.
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Key Players
Some of the major companies operating in global automotive lighting market are includes, General Electric (GE), Hella Kgaa Hueck & Co., Hyundai Mobis, Ichikoh Industries Ltd, Koito Manufacturing Co., Ltd., Magneti Marelli S.P.A, Osram GMBH, Royal Philips Electronics, Stanley Electric Co. Ltd, Valeo S.A and Zizala Lichtsysteme GMBH (ZKW).
Regional Outlook
Asia Pacific is the largest automotive lighting market across the world. India, China, Japan and South Korea are some of the prominent countries, which accounts majority of the vehicle production thus offering growth opportunity for automotive lighting market.
Asia Pacific is followed by Europe and North America. High vehicle production volume, growing economy, rising population and changing consumer lifestyles are some of the reason which drive the automotive lighting market.
Key points covered in the report
- Report segments the market on the basis of types, application, products, technology, etc (as applicable)
- The report covers geographic segmentation
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- North America
- Europe
- Asia
- RoW
- The report provides the market size and forecast for the different segments and geographies for the period of 2020 to 2030
- The report provides company profiles of some of the leading companies operating in the market
- The report also provides porters five forces analysis of the market.
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Key Questions Answered in This Report –
- Which is the largest regional market for Automotive Lighting?
- What are the upcoming trends of Automotive Lighting Market in the world?
- What are the key driving factors for the growth of the Automotive Lighting Market?
- What are the top players operating in the Automotive Lighting Market?
- What are the key regions in the global Automotive Lighting market?
- Who are the key players/companies in the global Automotive Lighting market?
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