Automotive Lighting Market industry valued approximately USD 19.70 billion in 2016 is anticipated to grow with a healthy growth rate of more than 7.38% over the forecast period 2017-2025. The major factors boosting the growth are latest advances in OLED and laser lights for the automotive industry.
Since laser lights are capable of a greater illuminating range in comparison to the LEDs, their adoption has made a positive impact in the automotive lighting industry. Additionally, futuristic technologies like the Light Detection & Raging (LIDAR) systems are anticipated to create huge opportunities for the automotive lighting industry. Since lighting is one of the basic requirement, they are likely to contribute to the growth of the automotive lighting market. Also, Various governments viz. Europe and US have necessitated the use of automotive lighting with the latest directives.
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The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
§ Interior Lighting
o Glove Boxes
o Dome Lights
o Reading Lights
§ Exterior Lighting
o Tail Lights
o Head Lights
o Day Time Running Light
o Fog Lights
§ Halogen Lighting
§ Xenon Lighting
§ LED Lighting
§ Passenger Cars
§ Light Commercial Vehicles (LCVs)
§ North America
§ Asia Pacific
§ Latin America
§ Rest of the World
Furthermore, the years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are Koito Manufacturing Co., Ltd., Osram, Hyundai Mobis, General Electric Company, Stanley Electric, Valeo S.A., Ichikoh Industries, Ltd., and Magneti Marelli. Acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the market by investing in research & development, new product launches, and focus on continuous technology innovations.
Target Audience of the Automotive Lighting Market Study
§ Key Consulting Companies & Advisors
§ Large, medium-sized, and small enterprises
§ Venture capitalists
§ Value-Added Resellers (VARs)
§ Third-party knowledge providers
§ Investment bankers
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What is the aim of the report?
Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
The various parameters accelerating the growth of Market are incorporated in the research report.
The report analyses growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East and Africa region.
The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
The report offers detailed analysis of leading companies in the market across the globe.
It provides details of the major vendors involved in the Market including Key Players
A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
the manufactured products is incorporated in the report.
The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
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