Automotive Lighting Market Growth Potential & Forecast, 2018 – 2024 - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

Automotive Lighting Market Growth Potential & Forecast, 2018 – 2024

Description:

More Information @ Increased automotive production and a high demand for passenger vehicles create growth opportunities for the automotive lighting market. – PowerPoint PPT presentation

Number of Views:9

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Automotive Lighting Market Growth Potential & Forecast, 2018 – 2024


1
Automotive Lighting Market for Passenger cars
segment to grow at 6 CAGR to 2024
2
Key Insights from Automotive Lighting Market
  • Increased automotive production and a high demand
    for passenger vehicles create growth
    opportunities for the automotive lighting market.
    With the growing demand for automobiles across
    the globe, the utilization of automotive lighting
    products has increased rapidly. The global
    automotive industry identifies the need for
    intelligent green lighting solutions.
  • The automotive lighting market is driven by the
    development of lighting solutions by various
    manufacturers such as adaptive front rear
    lighting and dynamic bend lighting systems.
    Increasing demand from OEMs for advanced LEDs and
    laser-based light modules to improve the vehicle
    safety parameters and providing aesthetic looks
    to the vehicles further contribute to the
    industry demand.
  • The popularity of the intelligent lighting
    technologies in the commercial vehicles, such as
    situation based light control and driver
    assistance at night, creates several growth
    opportunities in the automotive lighting market.
    Factors such as rising purchasing power and
    improving consumer lifestyle across various
    regions are contributing to the increasing sales
    of luxury vehicles and passenger cars.

3
Continued
LED lighting technologies are witnessing a high
popularity in the automotive industry due to the
rising implementation of vehicle lighting
systems. LEDs offer several benefits such as
performance energy efficiency, bright lights,
and low power consumption. In the automotive
lighting market, the passenger cars segment is
anticipated to grow at 6 CAGR from 2018 to 2024.
A high demand for passenger cars across the globe
is compelling the increasing consumption of
lighting products. An increased focus on
enhancing the vehicle aesthetics and looks by
automobile companies demands advanced and
high-quality lighting systems. The interior
automotive lighting market is expected to grow at
7 CAGR from 2018 to 2024. Modern passenger cars
and luxury vehicles deploy advanced LED halogen
lamp components in the interior systems. These
components lend enhanced ambiance and atmosphere
to the modern cars. The implementation of LEDs in
vehicle interiors supports the smart and
intelligent technologies such as automated light
switching, touch-free lighting, and color
consistency.
4

Latest Research Report On Automotive Lighting
Market _at_ https//www.gminsights.com/industry-analy
sis/automotive-lighting-market Request for a
sample of this research report _at_ https//www.gmins
ights.com/request-sample/detail/1444

5
China Automotive Lighting Market, By Technology,
2017 2024 (USD Million)

6
Major Companies in Automotive Lighting Market
  • Magneti Marelli S.p.A.
  • Osram Group
  • Valeo
  • Hyundai MOBIS
  • HELLA GmbH Co. KGaA
  • General Electric
  • Varroc
  • Koninklijke Philips N.V.
  • Samsung Electronics Co. Ltd.

7
Industry Coverage

8
Regional Insights in Automotive Lighting Market
  • The European automotive lighting market was
    valued at over USD 8 billion in 2017 and is
    anticipated to grow further due to the presence
    of major automotive manufacturers in the region
    such as BMW, Audi, Mercedes-Benz, etc.
    Additionally, several manufacturing standards set
    by the European Commission to support sustainable
    development and energy-efficient products account
    for the industry growth. Lighting system
    manufacturing companies across the globe follow
    these standards for manufacturing the lighting
    components used in automobiles.

9
Stay In Touch Website www.gminsights.com Soci
al Media
About PowerShow.com