Global market automotive lighting will value 38 1 billion usd by 2022

Global Market Automotive Lighting will value 38.1 billion USD by 2022 Email: sale@qyresearch.com Tel:0086-20-86655165 http://www.qyresearch.com

Global Market Automotive Lighting will value 38.1 billion USD by 2022

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Author: Xiang Yongfei

Company: QYResearch

Publish Date: 2017/06/02

According to the recently published < Global Automotive Lighting Market Research Report 2017> by

QYResearch, In 2016, global revenue of automotive lighting is nearly 23.9 billion USD, and global market is expected to reach 38.1 billion USD by 2022. This is supported by a CAGR of 8.02% during the forecast

period 2017-2022. This growth was driven by increased lighting system content per vehicle and a more favorable product mix driven by strong adoption of LED-based front lighting systems.

Japanese and European companies dominate and supply together over 80% of the market:

Japanese companies: Koito, Stanley and Ichikoh capture about 40% of global market together.

Each key European player (Magneti Marelli, Hella and Valeo) accounts for 10%-14% of global market.

In November 2016, Valeo completed the acquisition of Ichikoh; these two group's combined shares of

the world automotive lighting market add up to 17%, just behind the No.1 player Koito with the global market share about 26%.

On the basis of technology, Halogen dominated the industry in 2016, low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. However, excessive heat

loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 17% of the overall share in 2016 and is expected to

witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights.

Global Market Automotive Lighting will value 38.1 billion USD by 2022

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This article was first released by QYResearch analyst, if reproduced, please indicate the source.

Media Contact: press@qyresearch.com

Analyst : xiangyongfei@qyresearch.com

Global Market Automotive Lighting will value 38.1 billion USD by 2022

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