Market Study Report LLC adds 2019-2024 Global Automotive Lighting market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

Selbyville, DE -- (SBWire) -- 04/30/2019 --LED technology in the automotive lighting market is expected to witness several growth opportunities over the forecast timeline. The penetration of LED technology from high-end to mid-range and low-range vehicles is one of the major factors contributing to the growth of the automotive lighting market. This is attributed to the declining costs of LEDs ensued by the optimization and the calibration of LED modules, which is compelling the car manufacturers to introduce LED lighting in economical cars as well. The benefits include more brightness and low power consumption. The use of LED lights is not limited to headlamp systems and are increasingly implemented in the interior and backlighting systems. For instance, cars, such as Nissan Alto and Honda Accord, are equipped with LED daytime running lights.

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Automotive Lighting Market is expected to reach USD 40 billion by 2024. Increasing road safety concerns across the globe have pushed the integration of advanced lighting systems in automobiles. These systems are witnessing extensive upgrades and are adopted by automotive manufacturers to provide a superior experience to the drivers. The lighting systems in vehicles enable enhanced visibility and clarity, crucial for ensuring the safety of the passengers. For instance, in 2016, a project initiated by the German Federal Ministry of Education and Research successfully developed a flexible & compact LED chip and completed the headlight demonstrator test in collaboration with Infineon, Osram, Fraunhofer Institute for Reliability and Microintegration.

Flourishing automotive industry across the globe is majorly driving the implementation of the automotive lighting market products. High production of vehicles, automotive spares, and systems in countries including Germany and China are driving the industry growth. The global automobile industry is growing as the car manufacturers have started responding to the newer government regulations for safety and customer demands for numerous advanced security features. Moreover, technological advancements and urbanization are creating manageable changes in the automotive industry.

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Passenger cars in the automotive lighting market are witnessing a rapid demand owing to the increased consumer demand. These cars deploy advanced lights in various systems including the front, rear, interior, and exterior lighting. The growing awareness to develop safe and technically-efficient passenger vehicles and manufacturer strategies to sustain the high automotive lighting market competition drives the segment growth.

The automotive lighting market is expected to witness a lucrative growth in China owing to the rapidly growing automobile industry in the country. The Chinese automotive industry has been at the forefront in terms of annual production surpassing Europe, the U.S., and Japan. China is an attractive place for foreign auto manufacturers and many established foreign players have their manufacturing plants in China. This can be credited to the cheap & easy labor availability and low costs of raw materials.

Prominent automotive lighting market players include Magneti Marelli S.p.A., General Electric, Hyundai MOBIS, HELLA GmbH & Co. KGaA, Namyung Lighting, Philips NV, Osram Group, and Varroc. The key industry players adopt efficient product development strategies including partnerships and mergers. Companies in the automotive lighting market adopt low and value-based pricing strategies to pose entry barriers for new participants and offer increased product efficiency.

Table of Content:

Chapter 1 Methodology & Scope

1.1 Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry insights and validation

1.1.4 Definition and forecast parameters

1.1.4.1 Definition

1.1.4.2 Methodology & forecast parameters

1.2 Data Sources

1.2.1 Secondary

1.2.2 Primary

Chapter 2 Executive Summary

2.1 Automotive lighting industry 360 degree synopsis, 2013 - 2024

2.1.1 Business trends

2.1.2 Regional trends

2.1.3 Technology trends

2.1.4 Vehicle type trends

2.1.5 Application trends

Chapter 3 Automotive Lighting Industry Insights

3.1 Industry segmentation

3.2 Industry landscape

3.3 Industry ecosystem analysis

3.3.1 Distribution channel analysis

3.3.2 Vendor matrix

3.4 Regulatory Landscape

3.4.1 North America

3.4.1.1 SAE J3069

3.4.1.2 SAE J2938

3.4.1.3 Federal Motor Vehicle Safety Standard 108

3.4.2 Europe

3.4.2.1 Economic Commission for Europe (ECE) Regulations

3.4.2.2 Commission Directive 91/663/EEC

3.4.2.3 Eco-innovations and Law (EC) No. 443/2009

3.4.3 Asia Pacific

3.4.3.1 Chinese GB Standards

3.4.3.2 Installation requirements of lighting and light-signaling devices

3.4.3.3 Australian Design rule 13/00

3.4.4 Latin America

3.4.4.1 INMETRO testing and certification for LED lamps

3.4.4.2 New Mexico State statute 66.1-4.1(F)

3.4.5 MEA

3.4.5.1 The National Traffic Act South Africa

3.4.5.2 Article NO 95, Federal Traffic Act

3.5 Industry impact forces

3.5.1 Growth drivers

3.5.1.1 Increasing concerns regarding road safety to propel global demand

3.5.1.2 Emerging government regulations

3.5.1.3 Flourishing automotive industry in China

3.5.1.4 Premium car production in Germany

3.5.1.5 Penetration of LED technology from high-end to mid-range and low-end vehicles in the U.S

3.5.1.6 Focus of companies on the Asia Pacific region to boost demand

3.5.2 Industry pitfalls and challenges

3.5.2.1 Tariff and trade restrictions in the U.S.

3.5.2.2 High R&D expenditure & complexity in the LED lighting systems

3.5.2.3 Increasing raw material cost & instability of the lighting systems

3.6 Growth potential analysis

3.7 Porter's analysis

3.8 Competitive landscape, by region, 2017

3.8.1 Company market share, 2017

3.8.2 Strategy dashboard

3.9 PESTEL analysis

Chapter 4 Automotive Lighting Market, By Technology

4.1 Key trends by technology

4.2 LED

4.1.1 Market estimates and forecast, by region, 2013 - 2024

4.3 Halogen

4.2.1 Market estimates and forecasts, by region, 2013 - 2024

4.4 Xenon

4.3.1 Market estimates and forecasts, by region, 2013 - 2024

Chapter 5 Automotive Lighting Market, By Vehicle Type

5.1 Key trends by vehicle type

5.2 Passenger cars

5.1.1 Market estimates and forecast, by region, 2013 – 2024

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