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Automotive Lighting Industry is Reaching New Heights in India

Get Sample Copy @ https://www.alliedmarketresearch.com/request-sample/1594 <br><br>Key reasons that boost the Indian automotive lighting market are the technological advancements and increasing purchasing power. Based on vehicle type, the market is classified into passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, and tractors.

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Automotive Lighting Industry is Reaching New Heights in India

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 India Automotive Lighting Market Global Opportunity Analysis and Industry Forecast, 2014-2022

  2. Automotive Lighting Market • Lighting is a vital component in automotive vehicles, playing an important role in automotive safety. The vehicle consists of different lights to increase the visibility in darkness and bad weather conditions along with the increase in conspicuity. • The lighting system comprises lighting and signaling devices, which are placed at different locations such as front, rear, side, and interiors. • Lighting provides illumination for the driver and helps other vehicle drivers and pedestrians on the road to detect the vehicle’s position, direction of movement, and size. It also enhances the aesthetic looks to both interior and exterior parts of the vehicle. • With respect to lighting technology, the market is segmented into halogen, xenon, and LED. Traditionally, halogen, being a low cost and easily available technology, was the majorly used lighting technology.

  3. Automotive Lighting Market Overview • The India automotive lighting industry witnesses a steady growth on account of the growing automotive production and increasing emphasis on vehicle safety and government regulations regarding automotive lighting systems. • Halogen accounted for the highest revenue generation in 2014, and is expected to continue to dominate throughout 2022. • Based on the sales channel type, the market is segmented into OEM product and aftermarket product. OEM market led by contributing 54% of total revenue in 2014, and is projected to grow at a CAGR of 5.7%. • The India automotive lighting industry witnesses a steady growth on account of the growing automotive production and increasing emphasis on vehicle safety and government regulations regarding automotive lighting systems. • Click For more information:- https://goo.gl/mSWLYH

  4. Automotive Lighting Market Key Benefits • The study provides an in-depth analysis of the India automotive lighting market, with current trends and future estimations to elucidate the imminent investment pockets. • The report provides information regarding key drivers, restraints, and opportunities with an impact analysis. • Porter’s five forces and SWOT analysis of key market players highlight the growth strategies adopted by them. • The value chain analysis signifies the key intermediaries involved and elaborates their roles and value additions at every stage. • The quantitative analysis of the market from 2014 to 2022 is provided to elaborate the market potential.

  5. Automotive Lighting Market Key Findings • The India automotive lighting market is anticipated to witness steady growth during the forecast period, owing to rising concerns regarding road safety and growing automobile production. • Halogen technology is expected to continue its dominance due to its cost-effectiveness. • Passenger vehicles are anticipated create more demand for automotive lighting products compared to commercial vehicles during the forecast period. • Market players may launch innovative featured products to achieve a competitive edge on their rivals. • Download Sample PDF Copy

  6. Automotive Lighting Market Key Segment

  7. Automotive Lighting Market Key Players • KoninklijkePhilips N.V., • Phoenix Lamps Limited • LumaxIndustries Limited • OsramLicht AG • GE Lighting

  8. Automotive Lighting Market by Region

  9. Automotive Lighting Market • “Key reasons that boost the Indian automotive lighting market are the technological advancements and increasing purchasing power. Based on vehicle type, the market is classified into passenger vehicles, commercial vehicles, two-wheelers, three-wheelers, and tractors. Passenger vehicles is estimated to be the largest vehicle type segment for automotive lighting. The demand for aesthetic lighting features is expected to support the demand for lights in compact cars as well as SUVs. The segment constituted nearly 45% of revenue in 2014.” • Nilesh Rajput

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