AUTOMOTIVE LIGHTING MARKET - FORECAST TO 2022
The Lighting 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. Increasing vehicle production and lighting applications are the key factors driving the demand for lighting in the automotive industry. With the increase in sales of electric and hybrid vehicles, the demand for lighting with low energy consumption is growing. The report contains more than 119 market data tables with 52 figures and in depth TOC. Speak to Our Analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1133 “Automotive front lighting to be the largest segment“ The study considers four lighting positions in a vehicle for the estimation of the market size, namely, front, rear, side, and interior. The front lighting market is projected to constitute the largest lighting market, by value, in 2022. Driver safety and advanced features such as auto on/off and auto leveling are some of the adaptive lighting solutions that are gaining popularity in the front lighting segment. Halogen is presently dominating the front lighting segment. However, owing to benefits such as operation at lower temperature, low energy consumption, and freedom to design, advanced technologies such as LED projector headlamps are gaining popularity in recent years. The Laser technology is new to the market and is gaining popularity owing to its bright illumination. “Interior lighting segment to grow at the fastest pace in the Lighting market for Automotive” With the increase in use of LED lights for interior applications, the segment has increasingly grown in vehicles across the globe. OLED lighting offers design flexibility and can be used even for minute lighting solutions. With such technological advancement, it has become possible for the manufacturer to offer advanced lighting solutions such as mood lighting. Hence, with technological and design modifications, the interior lighting market is expected to be the fastest growing market. Download
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“Growing markets like China and India to drive the lighting market for automotive industry” China and India together contribute 35% of the global vehicle production and approximately 34% of the global passenger car production. Owing to increasing vehicle production, the demand for automotive lighting will also increase in the region. The lighting market for exterior applications is estimated to be the largest market in the region and halogen technology will have the largest share. The major companies in the Lighting market for Automotive are profiled in the study. These include Hella KGaA Hueck & Co (Germany), Magneti Marelli S.p.A (Italy), Stanley Electric K.K (Japan), Valeo S.A. (France), Koito Manufacturing Co. Ltd. (Japan), Osram Licht AG (Germany), Koninklijke Philips N.V (Netherlands), Hyundai Mobis (South Korea), Ichikoh Industries Ltd. (Japan), and General Electric (U.S.).
AUTOMOTIVE LIGHTING MARKET - FORECAST TO 2022
“Study Coverage:” The report covers the global Lighting market for Automotive, in terms of volume (million units) and value (USD million/billion). It explains the qualitative and quantitative aspects of the Lighting market for Automotive IC engines (Passenger car, LCV, HCV) and alternate fuel vehicles (BEV, HEV, PHEV), on the basis of Region, Technology, application Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox,
Reading, Dome & Rear View Mirror) and Position (Front, Rear, Side and Interior) from 2017 to 2022. The study also covers the advanced lighting solutions such as adaptive lighting in terms of volume and value whereas it covers the technological advancement such as LASER and OLED lighting solution in terms of volume (number of cars equipped with the technology). It also provides an overview of technical factors and other important aspects of the Lighting market for Automotive. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 sales@marketsandmarket s.com