Automotive Lighting Market Analysis, Industry Forecasts, 2017 - 2024

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Global Automotive Lighting Market Size, Share,
Research Report 2017 - 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Automotive Lighting Market

• The raw materials used in manufacturing are
  glass, tungsten, molybdenum, phosphorous,
  silicon, niobium, polymers, tantalum and mixture
  of inert gases.
• The major challenge before the manufacturers is
  to develop the cost-effective high quality
  lighting systems. Reducing the effect of bright
  light to decrease the driver distraction is
  another area of improvement.
• Adaptive front automotive lightning market share
  is rapidly gaining popularity among the
  customers. The features include auto on/off,
  bending/curve lights, cornering lights, headlight
  leveling and high beam assist.

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Continued...

• 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.
• The regulatory bodies for the automotive lighting
  market include Japan Lighting Manufacturers
  Association, The Automotive Component
  Manufacturers Association of India (ACMA), The
  Canadian Vehicle Manufacturers Association and
  European Automobile Manufacturers Association
  (ACEA) among others.
• Automotive lighting market players include Osram,
  Magneti Marelli, Hella, Stanley Electric, Koito,
  Valeo, General Electric, KGaA Hueck co.,
  koninklijke Philips, Ichikoh Industries Ltd.,
  Zizala lichtsysteme GmbH, Lumax Industries, etc.

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360 Analysis

• Product Analysis
• Fluctuating raw material cost and high RD cost
  are restraining the automotive lighting market
  growth. The raw materials used in manufacturing
  are glass, tungsten, molybdenum, phosphorous,
  silicon, niobium, polymers, tantalum and mixture
  of inert gases.
• Regional Analysis
• APAC constitutes the largest market in terms of
  vehicle production and sales, this also makes it
  a considerable automotive lighting market. China,
  Japan, India, and South Korea are major countries
  in this region in terms of production, exports
  and domestic sales.
• Competitive Market Share
• Automotive lighting market players include Osram,
  Magneti Marelli, Hella, Stanley Electric, Koito,
  Valeo, General Electric, KGaA Hueck co.,
  koninklijke Philips, Ichikoh Industries Ltd.,
  Zizala lichtsysteme GmbH, Lumax Industries, etc.

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