Global Automotive Lighting Market industry valued approximately USD 19.70 billion in 2016 is anticipated to grow with a healthy growth rate of more than 7.38% over the forecast period 2017-2025. The major factors boosting the growth are latest advances in OLED and laser lights for the automotive industry.

Since laser lights are capable of a greater illuminating range in comparison to the LEDs, their adoption has made a positive impact in the automotive lighting industry. Additionally, futuristic technologies like the Light Detection & Raging (LIDAR) systems are anticipated to create huge opportunities for the automotive lighting industry. Since lighting is one of the basic requirement, they are likely to contribute to the growth of the automotive lighting market. Also, Various governments viz. Europe and US have necessitated the use of automotive lighting with the latest directives.

The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

Application:
§ Interior Lighting
o Glove Boxes
o Dashboards
o Dome Lights
o Reading Lights
§ Exterior Lighting
o Tail Lights
o Head Lights
o Sidelights
o Day Time Running Light
o Fog Lights
o Others

Technology:
§ Halogen Lighting
§ Xenon Lighting
§ LED Lighting

Vehicle Type:
§ Passenger Cars
§ Light Commercial Vehicles (LCVs)
§ Trucks
§ Buses

Regions:
§ North America
o U.S.
o Canada
§ Europe
o UK
o Germany
§ Asia Pacific
o China
o India
o Japan
§ Latin America
o Brazil
o Mexico
§ Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market are Koito Manufacturing Co., Ltd., Osram, Hyundai Mobis, General Electric Company, Stanley Electric, Valeo S.A., Ichikoh Industries, Ltd., and Magneti Marelli. Acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the market by investing in research & development, new product launches, and focus on continuous technology innovations.

Target Audience of the Automotive Lighting 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