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Automotive Lighting Market (1)


The Automotive Lighting Market is majorly driven by increasing vehicle production and increasing lighting applications, especially in passenger cars. Additionally, factors such as passenger and pedestrian safety regulations and increased demand for luxury, comfort, and ambience are driving technological advancements in the automotive lighting industry. – PowerPoint PPT presentation

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Title: Automotive Lighting Market (1)

The Lighting Market for Automotive is projected
to grow at a CAGR of 6.80 from 2017 to 2022 and
is expected to reach USD 29.97 billion by 2022.
Increasing vehicle production and lighting
applications are the key factors driving the
demand for lighting in the automotive industry.
With the increase in sales of electric and
hybrid vehicles, the demand for lighting with low
energy consumption is growing. The report
contains more than 119 market data tables with 52
figures and in depth TOC. Speak to Our Analyst
and gain crucial industry insights that will help
your business grow https//www.marketsandmarkets.
com/speaktoanalystNew.asp?id1133 Automotive
front lighting to be the largest segment The
study considers four lighting positions in a
vehicle for the estimation of the market size,
namely, front, rear, side, and interior. The
front lighting market is projected to constitute
the largest lighting market, by value, in 2022.
Driver safety and advanced features such as auto
on/off and auto leveling are some of the
adaptive lighting solutions that are gaining
popularity in the front lighting segment. Halogen
is presently dominating the front lighting
segment. However, owing to benefits such as
operation at lower temperature, low energy
consumption, and freedom to design, advanced
technologies such as LED projector headlamps are
gaining popularity in recent years. The Laser
technology is new to the market and is gaining
popularity owing to its bright illumination. Int
erior lighting segment to grow at the fastest
pace in the Lighting market for Automotive With
the increase in use of LED lights for interior
applications, the segment has increasingly grown
in vehicles across the globe. OLED lighting
offers design flexibility and can be used even
for minute lighting solutions. With such
technological advancement, it has become possible
for the manufacturer to offer advanced lighting
solutions such as mood lighting. Hence, with
technological and design modifications, the
interior lighting market is expected to be the
fastest growing market. Download PDF
sp?id1133 Growing markets like China and India
to drive the lighting market for automotive
industry China and India together contribute 35
of the global vehicle production and
approximately 34 of the global passenger car
production. Owing to increasing vehicle
production, the demand for automotive lighting
will also increase in the region. The lighting
market for exterior applications is estimated to
be the largest market in the region and halogen
technology will have the largest share. The
major companies in the Lighting market for
Automotive are profiled in the study. These
include Hella KGaA Hueck Co (Germany), Magneti
Marelli S.p.A (Italy), Stanley Electric K.K
(Japan), Valeo S.A. (France), Koito
Manufacturing Co. Ltd. (Japan), Osram Licht AG
(Germany), Koninklijke Philips N.V
(Netherlands), Hyundai Mobis (South Korea),
Ichikoh Industries Ltd. (Japan), and General
Electric (U.S.).
Study Coverage The report covers the global
Lighting market for Automotive, in terms of
volume (million units) and value (USD
million/billion). It explains the qualitative and
quantitative aspects of the Lighting market for
Automotive IC engines (Passenger car, LCV, HCV)
and alternate fuel vehicles (BEV, HEV, PHEV), on
the basis of Region, Technology, application
Head, Side, Tail, Fog, DRL, CHMSL, Dashboard,
Glovebox, Reading, Dome Rear View Mirror) and
Position (Front, Rear, Side and Interior) from
2017 to 2022. The study also covers the advanced
lighting solutions such as adaptive lighting in
terms of volume and value whereas it covers the
technological advancement such as LASER and OLED
lighting solution in terms of volume (number of
cars equipped with the technology). It also
provides an overview of technical factors and
other important aspects of the Lighting market
for Automotive. About MarketsandMarkets Markets
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