Press release
Automotive Lighting System Market To Reach US$34.1 bn In 2021 With Growth At A CAGR Of 8.1%
The market research study analyzes the automotive lighting system market on a global level and provides estimates in terms of revenue (USD) from 2015 to 2021. It gives a comprehensive overview of the automotive lighting system industry from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.
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.
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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).
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)
Table Of Contents
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Research Methodology
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Chapter 2 Executive Summary
Chapter 3 Global Overview
3.1 Introduction
3.2 Key Trend Analysis
3.3 Market Drivers
3.3.1 Supply Side: Advanced lighting technologies (LED, HID, and Halogen)
3.3.2 Demand Side: Increasing production of vehicles
3.3.3 Economic Driver: Increase in the revenue generated across the global automotive sector
3.4 Market Restraints
3.4.1 High cost of LED and HID lighting
3.4.2 High R&D expenditure
3.5 Market Opportunities
3.5.1 Replacement of standard lamps with LED, HID, and Halogen lamps
3.5.2 Purchasing power and preference of consumers
3.6 Automotive Lighting System: Market Attractiveness Analysis
3.7 Cause and Effect Analysis (Fish Bone Diagram Analysis)
3.7.1 Advanced Lighting Technology
3.7.2 Energy Efficient Lighting
3.7.3 Safety and Security in Vehicles
3.7.4 Research and Development
3.7.5 Increasing Vehicle Production
3.7.6 High Disposable Income of Consumers
3.8 Competitive Landscape
3.8.1 Automotive Lighting System Market: Market Positioning of Key Players
3.8.2 Competitive Strategies Adopted by Leading Players
Chapter 4 Global Automotive Lighting System Market: By Vehicle Type
4.1 Automotive Lighting System Market: By Vehicle Type
4.1.1 Global Automotive Lighting System Market Revenue Share, By Vehicle Type, 2014 - 2021
4.2 Heavy Vehicle
4.2.1 Global Heavy Vehicle Market Revenue and Forecast, 2014 – 2021, (USD Million)
4.3 Passenger Vehicle
4.3.1 Glbal Passenger Vehicle Market Revenue and Forecast, 2014 – 2021, (USD Million)
4.4 SUV
4.4.1 Global SUV Market Revenue and Forecast, 2014 – 2021, (USD Million)
4.5 MUV
4.5.1 Global MUV Market Revenue and Forecast, 2014 – 2021, (USD Million)
4.6 Luxury Vehicle
4.6.1 Global Luxury Vehicle Market Revenue and Forecast, 2014 – 2021, (USD Million)
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