Lighting, being an essential component an automobile, acts a substantial role in automobile safety. Major use of light in automobile includes clearing the visibility in darkness and bad weather condition, driver’s intentions regarding direction, detect vehicle on the road. In addition to that lightings also grace the interior and exterior look of automobiles. Lights are positioned at different places in an automobile – front, rear side and interior. Growing demand of environmental friendly solutions from OEMs influence manufacturers to develop more energy efficient automobile lighting
Automobile lighting manufactures are actively involving in the continuous ongoing development in automobile industry by focusing on the efficiency improvement of lighting. Increasing passenger car penetration in the developing countries such as China and India, aided by the growing personal income rate is expected to spur the growth of automotive lighting market during forecast period.
Automotive Lighting Market Segmentation On the basis of position: Front, Rear, Side & Interior; On the basis of vehicle type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle, Two – Wheeler; On the basis of technology: Halogen, Xenon, LED; In addition: OEMs, Aftermarket
Asia – Pacific region owing to the fast growing automotive industry in developing countries such as India, China and South Korea is expected to show a significant growth in the automotive lighting market. With rapid technological advancement and growing energy efficiency demand in automobile industry, automotive lighting market is expected to represent substantial growth at a significant CAGR during the forecast period.
Some of the players in the market we identified includes General Electric, Hyundai Mobis., Hella KgaA Heuck & Co, Stanley Electric Co Ltd, Osram GmbH, Kononklijke Ichikoh Industries Ltd.,Philips N.V, Ichikoh Industries Ltd, Koito Manufacturing Co., Ltd, Valeo S.A, Magneti Marelli S.P.A and Zizala Lichsystems GmbH
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