Persistence Market Research Pvt. Ltd is released new forthcoming report on title "Automotive Lighting Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 07/21/2015 -- Automotive lighting is the used for illumination purpose in automobile vehicles. The lighting system of automobile vehicle consists of various lighting and signaling devices, which is integrated with various parts of a motor vehicle. Automobile lighting is used in the front, back, sides and top portion of the vehicle. Automotive lighting indicates vehicle's presence, size, position, direction of travel, and the driver's intentions regarding direction and speed of travel. Various components of automotive lighting includes auxiliary lights, headlights, taillights, sidelights, interior light, compact lights, off road lights, fog lights, dome light, key light, instrument displays light and other light accessories. These lights are used for many purposes in vehicles such as to drive the vehicle safely in dark, enhance the visibility and act as the warning signals.
Buy Full Report: http://www.persistencemarketresearch.com/market-research/automotive-lighting-market.asp
Automobile manufacturers have significantly minimized the energy consumption by using LED and adaptive lighting technologies. There are mainly three types of technologies used in automotive lighting such as xenon, halogen and LED. Among these, halogen is most widely used automotive lighting.
Some factors that drive the automotive lighting market are growing concern of road safety, increasing use of higher efficiency of LED automotive lighting technology and lighting legislations by governments. Increase in purchasing power of individual helps to increase the demand for sophisticated and advance technologies such as advance front lighting system (AFS) and daylight running lights (DRLs). Growing total number of vehicle in the BRIC nations further creates large opportunity for the growth of automotive lighting market in the coming years.
Asia Pacific is the largest automotive lighting market across the world. India, China, Japan and South Korea are some of the prominent countries, which accounts majority of the vehicle production thus offering growth opportunity for automotive lighting market. Asia Pacific is followed by Europe and North America. High vehicle production volume, growing economy, rising population and changing consumer lifestyles are some of the reason which drive the automotive lighting market.
Some of the major companies operating in global automotive lighting market are includes, General Electric (GE), Hella Kgaa Hueck & Co., Hyundai Mobis, Ichikoh Industries Ltd, Koito Manufacturing Co., Ltd., Magneti Marelli S.P.A, Osram GMBH, Royal Philips Electronics, Stanley Electric Co. Ltd, Valeo S.A and Zizala Lichtsysteme GMBH (ZKW).
Request Full TOC: http://www.persistencemarketresearch.com/toc/3314
Key Points Covered in the Report
1) Market segmentation on the basis of type, application, product, and technology (as applicable)
2) Geographic segmentation
3) Market size and forecast for the various segments and geographies for the period from 2010 to 2020
4) Company profiles of the leading companies operating in the market
5) Porter's Five Forces Analysis of the market
About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.