Global automotive lighting market is valued approximately USD 4 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 3.3% over the forecast period 2019-2026. The automotive lighting market is on the surging trend considering the global scenario. The aAutomotive lighting are the electrical equipment's which are installed in both the passenger and commercial vehicles. The automotive lighting market is primarily driven owing to surge in demand for premium segment vehicles in both developed anand developing countries, lighting regulations for better visibility & safety and high demand for adaptive lighting. The Lighting plays a pivotal role considering vehicle safety. The aAutomotive manufacturers provide a range of lighting options to enhance the vehicle visibility in unfavorable weather conditions. The automobile manufacturers are focusing to enhance both the vehicle & individual safety in night driving conditions as around 30% of all the vehicle accidents occur in the during night. The surging adoption of advanced technologies mainly in automobile components & the escalating demand for the complete efficiency of vehicles are shifting the focus of original equipment manufacturers towards vehicle lighting which is supplementing the development and growth of automotive lighting market.
The regional analysis of global Automotive Lighting market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to surging in demand for premium segment vehicles in both urban and semi-urban provinces along with escalating demand for adaptive lighting across the region. Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2016-2026.
Major market player included in this report are:
Koito Manufacturing Co. Ltd
Stanley Electric Co. Ltd
Valeo Group
Magneti Marelli SpA
Tungsram
Hyundai Mobis
Lumax Industries
Osram
Philips
Zizala Lichtsysteme
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type:
Passenger Cars
Commercial Vehicles
By Application Type:
Interior Lighting
Exterior Lighting
By Technology:
Halogen
Xenon
LED
Other Technologies
By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026
Target Audience of the Global Automotive Lighting Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors