This report on the global automotive lighting market presents an overview of many more developments to have influenced the market and its growth in the past few years.
Albany, NY -- (SBWIRE) -- 02/10/2017 -- Global Automotive Lighting Market: Snapshot
Automotive lighting plays an important role in the enhancing several aspects related to the safety, visibility, and aesthetics of a vehicle. Central to vehicle of any variety, commercial, private, big or small, the field of automotive lighting has evolved significantly in terms of improved visibility, design, technology, and energy consumption in the past few years. The recent developments in the LED lighting field have significantly helped the automotive industry achieve significant success in lowering down the energy consumed by lighting units.
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This report on the global automotive lighting market presents an overview of many more developments to have influenced the market and its growth in the past few years. A detailed overview of the present state of the market and verifiable predictions about the future growth prospects of the market and its key elements are also included in the report. The report also presents a thorough analysis of factors such as growth drivers, trends, restraints, regulatory framework, and competitive landscape, which are expected to have a significant influence on the future state of the market.
Global Automotive Lighting Market: Segmentation
The report segments the global automotive lighting market on the basis of criteria such as technology, position, vehicle type, and geography. On the basis of position of the automotive lighting, the market is segmented into front, rear, side, and interior. The front lighting unit commonly comprises fog lamp and head lamp units. The head lamp unit further includes low and high beam units, daytime running lamp (DRL) unit, and indicator. Tail lamp unit includes the position lamp, stop lamp, and indicators. Interior lighting, used to enhance the visibility in car interiors, is used to improve the aesthetic appeal of the vehicle.
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In terms of lighting technology commonly used in automobiles, the report analyzes the market on the basis Xenon/HID, Halogen, and LED (light emitting diode). In terms of vehicle type, the market is segmented into passenger cars, light and commercial vehicles, and two wheelers. In terms of geography, the market has been analyzed for regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Global Automotive Lighting Market: Drivers and Restraints
The rising global demand for automobiles is the foremost factor driving the overall global demand for automotive lighting. The vast rise in an affluent consumer base across emerging economies such as India, China, and Brazil has, especially, fuelled the passenger vehicles market in these regions, thus positively impacting the overall development of the automotive lighting market. The rising numbers of vehicle production units in these countries are also leveraging the demand for automotive lighting units.
In the next few years as well, the market for automotive lighting is expected to earn a massive chunk of its revenue owing to demand and supply across these emerging economies, with developed markets such as North America and Europe witnessing moderate growth owing to stagnancy.
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Global Automotive Lighting Market: Companies Mentioned in the Report
In the highly competitive market for automotive lighting, a large number of small and large players compete in terms of product features, material, aesthetics, and cost. Some of the key vendors in the market are Stanley Electric Co. Ltd, Zizala Lichtsysteme GMBH, Varroc Lighting Systems, Changzhou Xingyu Automotive Lighting Systems Co. Ltd, Wipac Limited, TYC Brother Industrial Co. Ltd, Osram GMBH, Koito Manufacturing Co. Ltd, General Electric, Hella Kgaa Hueck & Co., and Ichikoh Industries Ltd.