Increasing vehicle production and sales, technological advancement and tightened regulations regarding safety measures are the prominent driving forces for the automotive lighting market size. The global vehicle production has witnessed considerable increase due to growing demand and emerging economies. The technology has evolved to lead to the development of eco-friendly, energy efficient, easy to operate products.
Players within the market are competing with each other on the basis of product differentiation and cost. Names of the leading players operating within the Global Automotive Lighting Market are ICHIKOH INDUSTRIES LTD, HellaKGaAHueck& Co, General Electric Co., MagnetiMarelli S.p.A, Hyundai Mobis, Royal Phillips Electronics, SAMSUNG ELECTRONICS Co., Ltd, ZizalaLichtsysteme GmbH, Koito Manufacturing Co., LTD, OSRAM Licht Group, and VALEO
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The global automotive lighting market was valued at US$ XX Mn in 2016 and is expected to grow at a CAGR of XX% and XX% by volume and revenue respectively from 2018 to 2028.
There is a growing demand for energy efficient lighting today. Consumers are also demanding cost-effective Lighting systems. Therefore, market players are investing in research and development so as to offer customers the solutions. The market is also benefiting from the green disposable income of the people which is leading them to purchase vehicles. In addition to this favorable government policies are also eating the growth of the Global Automotive Lighting Market. The growing demand for improved Road elimination and increasing focus on vehicle safety are the factors helping the market to grow.
Based on vehicle type, the automotive lighting market is classified into HCVs, LCVs, passenger vehicles and two-wheeler vehicles. The overall increase in passenger vehicles due to increase in tourism and transportation increase the demand for this segment. Also, increased used of four-wheelers for customized purpose such as food truck and mobile service van will fuel the demand in LCVs.
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TheBusinessResearchCompany published its Automotive Lighting Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global automotive lighting market.
The report covers the automotive lighting market’s segments- by vehicle type: passenger vehicle; commercial vehicle, by technology: halogen; xenon/HID (high-intensity discharge lamp); LED (light emitting diode), and by application: front/headlamps; rear lighting; side; interior lighting.Explore Complete Report https://www.thebusinessresearchcompany.com/report/automotive-lighting-global-market-reportAutomotive Lighting Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Companies in the automotive lighting market are investing heavily to develop fog-free lamps.
The company partnered with INITZ (SK Chemical’s subsidiary) in developing new material, using various additives to plastic that do not emit gases.
It also developed material that reduces the weight of the lamp by 20%.
The Automotive Lighting Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the automotive lighting market include General Electric Company, HELLA GmbH & Co. KGaA, Hyundai MOBIS, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Magneti Marelli S.p.A., Namyung Lighting, OSRAM Group, Samsung Electronics Co., Ltd., Seoul Semiconductor Co., Ltd. and Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive Lighting Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-lighting-market/download-sampleMarket DynamicsThe increasing demand for premium segment vehicles is primarily driving the market growth.
Along with this, lighting regulations for better visibility and safety are further accelerating the demand.
However, the high cost of LED lights and low penetration of advanced lighting in hatchback, compact sedan, and entry-level SUV is expected to hamper the market growth.
The global automotive lighting market size was valued at USD 19.64 billion in 2014 and is anticipated to reach USD 34.65 billion by 2022.
Global automotive market will witness a steady growth with growing demand of automotive vehicle in the upcoming years.
Automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions and automotive lights also increase the conspicuity (that is the clarity of observing things) of the vehicle.
The lighting devices are placed in different locations of the vehicle including front, rear, top and interiors.Request a Free Sample Copy of Automotive Lighting Market Report @ https://www.millioninsights.com/industry-reports/automotive-lighting-market-size/request-sampleHalogen being an easily available and cost efficient technology has been majorly adopted by the market and is therefore, being used in lighting technology in the automotive sector also LED and Xenon are prominent lighting technologies which are in prime use in the global automotive lighting market.
LED is relatively costlier, hence, at present is majorly being used in the high-end vehicles.
The automotive lighting market is segmented based on technology, vehicle types, lighting applications, product sale and geography.On the basis of lighting applications, the market is segmented into rear lighting, front lighting, interior lighting and side lighting.
TheBusinessResearchCompany published its Automotive Lighting Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global automotive lighting market.
The report covers the automotive lighting market’s segments- by vehicle type: passenger vehicle; commercial vehicle, by technology: halogen; xenon/HID (high-intensity discharge lamp); LED (light emitting diode), and by application: front/headlamps; rear lighting; side; interior lighting.Explore Complete Report https://www.thebusinessresearchcompany.com/report/automotive-lighting-global-market-reportAutomotive Lighting Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Companies in the automotive lighting market are investing heavily to develop fog-free lamps.
The company partnered with INITZ (SK Chemical’s subsidiary) in developing new material, using various additives to plastic that do not emit gases.
It also developed material that reduces the weight of the lamp by 20%.
The Automotive Lighting Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the automotive lighting market include General Electric Company, HELLA GmbH & Co. KGaA, Hyundai MOBIS, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Magneti Marelli S.p.A., Namyung Lighting, OSRAM Group, Samsung Electronics Co., Ltd., Seoul Semiconductor Co., Ltd. and Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive Lighting Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-lighting-market/download-sampleMarket DynamicsThe increasing demand for premium segment vehicles is primarily driving the market growth.
Along with this, lighting regulations for better visibility and safety are further accelerating the demand.
However, the high cost of LED lights and low penetration of advanced lighting in hatchback, compact sedan, and entry-level SUV is expected to hamper the market growth.
The global automotive lighting market size was valued at USD 19.64 billion in 2014 and is anticipated to reach USD 34.65 billion by 2022.
Global automotive market will witness a steady growth with growing demand of automotive vehicle in the upcoming years.
Automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions and automotive lights also increase the conspicuity (that is the clarity of observing things) of the vehicle.
The lighting devices are placed in different locations of the vehicle including front, rear, top and interiors.Request a Free Sample Copy of Automotive Lighting Market Report @ https://www.millioninsights.com/industry-reports/automotive-lighting-market-size/request-sampleHalogen being an easily available and cost efficient technology has been majorly adopted by the market and is therefore, being used in lighting technology in the automotive sector also LED and Xenon are prominent lighting technologies which are in prime use in the global automotive lighting market.
LED is relatively costlier, hence, at present is majorly being used in the high-end vehicles.
The automotive lighting market is segmented based on technology, vehicle types, lighting applications, product sale and geography.On the basis of lighting applications, the market is segmented into rear lighting, front lighting, interior lighting and side lighting.