Automotive Lighting Market Size, Share, Trends, Growth and Regional Forecast Industry Analysis By Key Players Forecast To 2023

Automotive Lighting Market Size, Share, Trends, Growth and Regional Forecast Industry Analysis by Technology (Halogen, LED, and Xenon), by Vehicle Type (Passenger Car, Light Commercial Vehicle & Heavy Commercial Vehicle), Application (Front Lights, Side Lights, Rear Lights and Interior Lights) and End Market (OEM & Aftermarket) and Regional Forecast To 2023. The global automotive lighting market is poised to grow over USD 30,107.2 million by 2023 at an estimated CAGR of 6.43% through the forecast period.

Automotive Lighting Market Key Companies Studied in this report are: Takata HELLA KGaA Hueck & Co (Germany), ZKW Lichtsysteme GmbH (Wieselburg), OSRAM GmbH (Germany), General Electric (U.S.), Magneti Marelli (Italy), KOITO MANUFACTURING CO., LTD.( Japan), Philips Lighting NV (Netherlands), Peterson Manufacturing company (U.S.), Ichikoh Industries Ltd (Japan), and Stanley Electric Co. Ltd (Japan) are among the top companies involved in automotive lighting manufacturing.

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Global Automotive Lighting Market Highlights:

Lighting is an important component in automobiles. It plays an important role in safety factor. It is primarily used in automobiles to increase the visibility in darkness & in bad weather conditions. It also increases the conspicuity of the vehicle. Continuous development in the automotive industry & focusing on improve the efficiency of lighting, are the primary driving factors of the automotive lighting market. In addition, factors such as increasing vehicle production globally are also the driving factor for the automotive lighting market. However high cost of the lighting product act as restraints of the automotive lighting market. Global automotive lighting market has very broad market in coming recent years. MRFR analysts has predicted that automotive industry is about to grow at a rapid pace, moreover, the speedy rising sales of passenger cars and technological innovations have also been a growth momentum.

Technology is another important facet in the auto industry, there has been an overhaul not only in terms of design and style but also in technology front. One of the notable and recent technological development that took place in automotive lighting is the arrival of adaptive lighting technology. Many of the premium and mid- range cars now come with adaptive lighting system. At the same time, advanced LEDs and HID lamps system are quickly replacing the traditional systems. Manufacturers are also concentrating lighting innovation to prepare for the next wave of automotive technology, which will be mainly guided by trends such as automation and self-driving. The aforementioned factors are expected to sway the market over the next six years.

Questions Answered in Report:

Which region going to dominate Automotive Lighting Market In Coming Years?

What will be the market size, share forecast?

What are the drivers and challenges of the market?

What are the upcoming trends in the Drive Systems payments market?

Which are the key vendors operating in the market?

On the basis of region, the global market for automotive lighting has been segmented into Asia Pacific (APAC), Europe, North America and Rest of the world (RoW). Among these, the market in APAC is expected to present lucrative growth opportunities for players operating in the region. Currently, the region accounts for the highest share of market and likely to continue its dominance over 2023.

Research Methodology:

The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Table Of Contents:

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Stud

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter's Five Forces Analysis

4.1 Introduction

4.2 Forward Collision Warning

4.3 Dynamic Brake Support

4.4 Crash Imminent Braking

Continued...

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