Automotive Lighting

Global Automotive Lighting Market is valued at USD 16743.3 Million in 2018 and expected to reach USD 20873.7 Million by 2025 with a CAGR of 3.2% over the forecast period. Increasing use of advanced technologies in automotive industry to improve the overall efficiency of vehicles is anticipated to drive growth of Global Automotive Lighting Market.
Scope of Automotive Lighting Market Report:
The automotive lights are the important component of automotive vehicle. It mainly consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicles. It plays an important role in vehicle safety. For example; Headlights make vehicles more visible to other motorists during a clear day as well. Studies show that daytime headlight usage reduced the number of two vehicle crashes by 5.7%, it also resulted in the reduction of pedestrian accidents by 12% and a 23% reduction in motorcycle accidents involving vehicles coming from the other direction due to the increased visibility. 

Numerous European countries have begun implementing laws requiring the use of daytime running lights and the data has shown a significant change in the number of accidents reported throughout the day in these countries. For example; In Denmark, there was a reduction in left turn related incidents of over 37% while Canada reported a reduction in multiple vehicle crashes of over 11%. Denmark also saw a reduction in multiple vehicle accidents. Increasing technological advancements to develop more innovative and energy efficient automotive light is one of the major factors driving the market growth. Automotive manufacturers are offering a variety of lighting options, to increase vehicle visibility in unfavourable weather conditions. For example; Technologies such as adaptive front-lighting system (AFS) and adaptive driving beam (ADB) are also taking center stage with smart cars and these developments herald a much-anticipated shift. 

Global automotive lighting market report is segmented on the basis of technology, vehicle type, application, adaptive lighting and region & country level. Based upon Technology, global Automotive Lighting market is classified into Halogen, Xenon and LED. Based upon vehicle type, global automotive lighting market is divided into passenger vehicles, commercial vehicles and others. Based on application, the automotive lighting market is classified into exterior lighting and interior lighting. Based on adaptive lighting, the automotive lighting market is classified into front lighting, rear lighting and ambient lighting.

The regions covered in this Automotive Lighting Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Automotive Lighting is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players for Global Automotive Lighting Market Report- Some major key players for Global Automotive Lighting Market are Osram, Valeo, Continental, Federal-Mogul, Hella, Hyundai Mobis, Marelli, FlexNGate, Grupo Antolin, Lear Corporation, Philips, Bosch, Koito, Keboda, NXP,  Denso, North American Lighting, Renesas, Varroc, Lumax, Aptiv, Gentex, Stanley Electric, Ichikoh, Zizala and others. 

Increasing Use of Advanced Technologies in Automotive Industry to Improve the Overall Efficiency of Vehicles is Anticipated to Drive the Market Growth.- The key factor driving the growth of global automotive lighting market is increasing adoption of advanced technologies in automotive industry to improve the overall efficiency of vehicles. For example; LED headlights provide a better range of vision and can save drivers money over the lifetime of a car. These lights are significantly more economical as they convert 80% of the energy they use directly into light, wasting only 20% in the process. In turn, this makes cars with LED lighting more fuel efficient and using less energy draws less power from a car’s battery and engine, meaning its owner will spend marginally less every time they visit the pump savings that add up to a significant amount over the years. Major advantages of LED headlights such as; energy efficiency, weight reduction and space saving qualities are also supplementing the revenue in global automotive lighting market.

In addition, increasing demand of automotive vehicles, increasing purchasing power of consumers and the growing concerns about vehicle safety supported by the government regulations are some of the major factors driving the growth of the automotive lighting market. Additionally, the increasing disposable income individuals and rising demand of SUVs in emerging economies are also fostering the consumption of automotive vehicles. The top players are focusing on the development of more innovative automotive lighting systems to increase the demand in the global market and can create various opportunities for the further growth of this market over the forecast period.

Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Automotive Lighting Market. 

Key Benefits for Automotive Lighting Market Reports 
• Global market report covers in-depth historical and forecast analysis.
• Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global market report helps to identify opportunities in market place.
• Global market report covers extensive analysis of emerging trends and competitive landscape.

Global Automotive Lighting Market Segmentation:- 
By Technology:
•	Halogen
•	Xenon
•	LED 

By Vehicle Type:
•	Passenger Vehicles
•	Commercial Vehicles
•	Others

By Application:
•	Exterior Lighting
o	Headlights
o	Fog Lights
o	Day Time Running Lights 
o	Taillights
o	Sidelights
o	Centre High-Mount Stop Light
•	Interior Lighting
o	Dashboard
o	Glovebox
o	Reading Lights
o	Others

By Adaptive Lighting:
•	Front Lighting
•	Rear Lighting
•	Ambient Lighting

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o France
o Germany
o Russia
o Rest of Europe
• Asia-Pacific
o China
o South Korea
o India
o Japan
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

Asia Pacific is Expected to Dominate the Global Automotive Lighting Market- The global automotive lighting market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. Asia Pacific is expected to dominate the global automotive lighting market within the forecast period attributed to  the increasing production and consumption of automobiles and increasing disposable income in this region. For example; As per Statista; In 2018, approximately 23.5 million passenger cars and 4.3 million commercial vehicles had been produced in China. Production of passenger vehicles in India rose 2.8% to about 4.1 million units. Output of commercial vehicles jumped 34% to 1.1 million units. In addition, increasing purchasing power and consumer preference for more improved and efficient cars are also supplementing the market growth in this region. Furthermore, increasing focus of manufacturers for more advanced technological automotive components is also foster the demand for automotive lighting. 

Europe is projected to capture the significant share of global automotive lighting market owing to the high investment in advanced technological developments in automotive industry in this region. Germany, Spain, and the UK are expected to contribute for the major share of this market in this region within the forecast period.

Automotive Lighting Market Key Players:
• Hella KGaA Hueck & Co. 
• Magneti Marelli 
• Koito Manufacturing Co., Ltd. 
• Stanley Electric Co., Ltd. 
• Valeo S.A. 
• Osram GmbH 
• General Electric Company 
• Ichikoh Industries, Ltd. 
• Hyundai Mobis 
• Koninklijke Philips N.V. 
• Zizala Lichtsysteme GmbH
• Others

This comprehensive report will provide:

• Enhance your strategic decision making
• Assist with your research, presentations and business plans
• Show which emerging market opportunities to focus on
• Increase your industry knowledge
• Keep you up-to-date with crucial market developments
• Allow you to develop informed growth strategies
• Build your technical insight
• Illustrate trends to exploit
• Strengthen your analysis of competitors
• Provide risk analysis, helping you avoid the pitfalls other companies could make
• Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
• How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
• Which region has more opportunities?

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