Deerfield Beach, FL -- (SBWIRE) -- 09/20/2016 -- Latest industry research report on Automotive Lighting. Lighting, a vital component in automotive vehicles, plays an important role in automotive safety. An automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions. Moreover, these lights increase the conspicuity of the vehicle. The lighting system comprises lighting and signaling devices, which are placed at different locations in the vehicle such as front, rear, side, and interiors. Lighting provides illumination for the driver and helps other vehicle drivers and pedestrians on the road to detect the vehicles position, direction of movement, and size. It also adds aesthetic looks to both interior and exterior parts of the vehicle.

The Indian automotive lighting market witnessed significant growth in the recent past on account of increased automotive sales and economic growth. In addition, the market is driven by increasing population and concerns about vehicle safety triggered by government regulations.

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Traditionally, halogen and xenon lights were popular among the populace owing to their low cost. However, the emergence of LED lights witnessed an increased demand due to their long life span and brightness, and create higher demand for interior lighting of a vehicle. However, high prices as compared to halogen and xenon lights restrain the market growth. Growing awareness regarding vehicle lights and decreasing prices of LED lights with technological advancement are expected to create lucrative market opportunities.

The Indian automotive lighting market is segmented based on lighting technology, application, mode of product sale, and vehicle type. Based on lighting technology, it is divided into halogen, xenon, and LED. Vehicle categories such as passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, and tractors are considered in the report. Among applications, the market is categorized into front lighting, rear lighting, side lighting, fog lamps, and interior lighting. In India, lighting products are sold either as OEM and aftermarket product.

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Key players profiled in the report include Koninklijke Philips N.V., Phoenix Lamps Limited, Lumax Industries Limited, Osram Licht AG, GE Lighting, Magneti Marelli S.P.A., Koito Manufacturing Co. Ltd., Hella KGaA Hueck & Co., Valeo, and Neolite ZKW Lightings Pvt. Ltd.