Automotive Lighting Market- Global Industry Insights to 2025

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Automotive Lighting Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

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REPORT DESCRIPTION
Automotive Lighting Market Overview
The automotive sector is one of the most
prominent and largest contributing industries
towards growth in GDP of some of the largest and
fastest growing economies. According to the
Organisation Internationale des Constructeurs
dAutomobiles (OICA), the automotive sales
increase by more than 30 annually. In 2016,
sales of automotive vehicles was 93.9 million
units from 89.7 million units in 2015
worldwide. Increasing sales of automotive
vehicles is driving growth of the automotive
lighting market. The lighting provides
illumination for the driver and also helps other
drivers and pedestrians on the road to detect the
position of vehicle. Furthermore, lighting
systems adds to aesthetics of the vehicle, both
externally and internally. Implementation of new
technologies in lighting is the one of the key
factor propelling growth of the
market. Increasing implementation of new
lighting technologies in automotive industry
plays a major role for the growth of the
automotive lighting market. Light emitting diode
(LEDs), Organic light emitting diode (OLEDs), and
Adaptive Front-lighting System (AFS) are some of
the new lighting technologies, which are boosting
the growth of automotive lighting market This
technology helps in improving the driver
visibility, which results in increasing road
traffic safety and helps to reduce the collision.
Furthermore, various advantages such as long
life, energy efficiency, and less heat generation
is fuelling growth of the automotive lighting
industry.
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REPORT DESCRIPTION

• Automotive Lightning Market Taxonomy
• By Technology
• Halogen
• Xenon/HID(High-Intensity Discharge)
• LED(Light Emission Diode)
• By vehicle type
• Passenger Vehicles
• Commercial Vehicles
• By application
• Front Light
• Fog Light
• Rear Light
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REPORT DESCRIPTION
Global Automotive Lighting Market Outlook Asia
Pacific holds largest market share in the global
automotive lighting market. On the basis of
geography, a global automotive lighting market is
segmented into North America, Europe, Asia
Pacific, Latin America, Middle East, and Africa.
In 2016, Asia Pacific held a dominant position in
the market and is estimated to retain its
dominance throughout the forecast period. India,
china, Japan are some of the major economies,
which are fuelling growth of the market in this
region. India and China are the fastest emerging
economies in the Asia-Pacific region, shows the
ample growth opportunities towards the
development of advanced lighting sources in the
automotive industry. Moreover, the substantial
growth in the automotive production in countries
such as India and China is also contributing in
the growth of the market in the region. In fact,
according to the Organisation Internationale des
Constructeurs dAutomobiles (OICA) analysis, in
2016, around 24.37 million units of passenger
cars were sold in china up from 21.21 million
units in 2015. Moreover, 2.967 million units and
4.15 million units of passenger cars were sold in
India and Japan, respectively in 2016. To Get
Discount on this Report https//www.coherentmarke
tinsights.com/insight/request-discount/1378
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