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Growing Vehicle Production & Sales to Drive the Automotive Lighting System Market

With the increase in use of LED lights for interior applications, the segment has increasingly grown in vehicles across the globe. OLED lighting offers design flexibility and can be used even for minute lighting solutions.

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Growing Vehicle Production & Sales to Drive the Automotive Lighting System Market

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  1. Lighting Market for ICE & EVs By Technology (Halogen, LED, Xenon), Position (Front, Side, Rear, Interior), Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting & Region - Forecast to 2022 www.MarketsandMarkets.com

  2. Automotive front lighting to be the largest segment The study considers four lighting positions in a vehicle for the estimation of the market size, namely, front, rear, side, and interior. The front lighting market is projected to constitute the largest lighting market, by value, in 2022. Driver safety and advanced features such as auto on/off and auto leveling are some of the adaptive lighting solutions that are gaining popularity in the front lighting segment. Halogen is presently dominating the front lighting segment. However, owing to benefits such as operation at lower temperature, low energy consumption, and freedom to design, advanced technologies such as LED projector headlamps are gaining popularity in recent years. The Laser technology is new to the market and is gaining popularity owing to its bright illumination. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=1133

  3. Interior lighting segment to grow at the fastest pace in the Lighting market for Automotive With the increase in use of LED lights for interior applications, the segment has increasingly grown in vehicles across the globe. OLED lighting offers design flexibility and can be used even for minute lighting solutions. With such technological advancement, it has become possible for the manufacturer to offer advanced lighting solutions such as mood lighting. Hence, with technological and design modifications, the interior lighting market is expected to be the fastest growing market. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=1133

  4. The global Lighting market for Automotive is segmented based on the position into front, rear, side, and interior. The front market is expected to showcase the largest market with halogen as the predominant technology in this position. In terms of lighting technology, the market is segmented into Halogen/incandescent, Xenon/HID, and LED.  The LED segment is projected to grow at the fastest rate from 2017 to 2022. This growth can be attributed to the benefits of LED lighting such as bright illumination, lower temperature and energy consumption, and flexibility in designing, which has also popularized the technology in interior lighting. The passenger car segment is projected to lead the automotive lighting market, in terms of volume and value as well as growth rate, followed by light commercial vehicles (LCV), trucks, and buses. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=1133

  5. Growing markets like China and India to drive the lighting market for automotive industry China and India together contribute 35% of the global vehicle production and approximately 34% of the global passenger car production. Owing to increasing vehicle production, the demand for automotive lighting will also increase in the region. The lighting market for exterior applications is estimated to be the largest market in the region and halogen technology will have the largest share. The major companies in the Lighting market for Automotive are profiled in the study. These include HellaKGaAHueck & Co (Germany), MagnetiMarelli S.p.A (Italy), Stanley Electric K.K (Japan), Valeo S.A. (France), Koito Manufacturing Co. Ltd. (Japan), OsramLicht AG (Germany), Koninklijke Philips N.V (Netherlands), Hyundai Mobis (South Korea), Ichikoh Industries Ltd. (Japan), and General Electric (U.S.). Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=1133

  6. Market Ecosystem: The Lighting market for Automotive ecosystem consists of manufacturers and Tier 1 suppliers such as HellaKGaAHueck & Co. (Germany), Osram (Germany), MagnetiMarelli (Italy), Koito Manufacturing Co., Ltd (Japan), and Stanley Electric (Japan); OEMs such as Volkswagen Group (Germany), Mercedes-Benz (Germany), Ford (U.S.), Hyundai (South Korea), Toyota (Japan), TATA (India), and Mahindra and Mahindra (India). Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=1133

  7. Browse >> 119market data tables 52figures 241pagesand in-depth TOC "Lighting Market for ICE & EVs by Technology (Halogen, LED, Xenon), Position (Front, Side, Rear, Interior), Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting & Region - Forecast to 2022“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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