Press release
Automotive Lighting System Market Research Report and Forecast up to 2021
Lighting system in an automobile comprises of signaling and lighting devices fitted to the front, rear, interior and the exterior sides of the vehicle. The function of automotive lighting is to provide safety by ensuring visibility to the driver during the night and under dark weather conditions. The lighting on the sides of the vehicles emphasizes on the signaling feature, which assists the driver to make diversions to the left or the right side.
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In the recent times, there has been an increasing awareness among people relating to automobile safety and security. In addition, stringent lighting regulations and legislations set up by the government of various countries have shifted the focus of automotive lighting manufacturers from obsolete inefficient automotive lamps to smart and efficient automotive lighting. Technologies such as LED, HID/Xenon and Halogen have brought a transition in the recent trend of automotive lighting. Advanced front lighting system (AFS) and active intelligent lighting system (AILS) is a certain technology that uses the navigation system of the vehicle to ensure automatic visibility to the driver of the vehicle.
The increase in the demand for advanced automotive lighting technologies such as LED, HID/Xenon and Halogen lamps is due to the low consumption of energy and longevity of such lamps. Among the above mentioned technologies, Halogen lamps are widely preferred because of its low cost and efficiency. LED and HID/Xenon lamps are relatively expensive but much more efficient as compared to Halogen lamps. During the forecast period, the preference of the consumers is expected to partly shift from Halogen technology to LED and HID/Xenon, with the rising disposable income of the people across the globe.
Europe holds the largest market share in the automotive lighting system market followed by North America, Asia Pacific and Rest of the World (RoW). Due to the saturation in the markets of North America, the automotive lighting system market is expected to witness maximum growth in the Asia Pacific region and RoW by the end of the forecast period. It is also to be considered that the market in North America and Europe is expected to maintain a stable growth because of the continuous advancements in the automotive lighting system market in the two regions.
This report provides tactical analysis of the automotive lighting system market and the growth forecast for the period 2015 to 2021. The span of the report includes competitive analysis of various market segments based on the types, module and in detail cross sectional analysis of the automotive lighting system market across diverse geographic segments. To maintain the strategic decision making, the report also includes profiling of leading players in the industry, their market share and various strategy adopted by them. The cause and effect analysis (fish-bone diagram) and market attractiveness analysis is also included in the report to provide imminent market dynamics and market competition.
The report also provides company market share analysis of the various industry participants along with company overview, financial overview, business strategies and recent developments in the field of automotive lighting system market. Major market participants profiled in this report include Koninklijke Philips N.V. (Netherlands), Hyundai Mobis (South Korea), General Electric (U.S.), Valeo S.A. (France), Osram Licht AG (Germany), Stanley Electrics Co. Ltd. (Japan), Magneti Marelli S.p.A. (Italy) and Hella KGaA Hueck & Co. (Germany).
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The report segments the Automotive Lighting System market as:
Automotive Lighting System Market: By Vehicle
Heavy Vehicle
Passenger Vehicle
SUV
MUV
Luxury Vehicle
Automotive Lighting System Market: By Position
Front Lighting
Rear Lighting
Interior Lighting
Side Lighting
Automotive Lighting System Market: By Geography
North America
Europe
Asia Pacific
Rest of the World (RoW)
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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