Automotive Lighting Market

According to the new market research report “Automotive 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″, published by MarketsandMarkets™, The Automotive Lighting Market, by value, is projected to grow at a CAGR of 6.80% from 2017 to 2022, to reach USD 29.97 billion by 2022.

View Full TOC:

https://www.marketsandmarkets.com/Market-Reports/automotive-lighting-market-1133.html#

Objectives of the Automotive Lighting Market Study:

To define and segment the automotive lighting market, in terms of volume (‘000 units) and value (USD million), by position, technology, application, vehicle type, and region
To segment the country-level automotive lighting market and forecast the market size, by value and volume, based on vehicle type, light position, and technology
To understand the automotive lighting market by application (Exterior and Interior)
To segment the alternate fuel vehicle automotive lighting market and forecast the market size, by value and volume, based on vehicle type, light position, and technology
To segment the automotive lighting market and forecast the market size, by value and volume, based on adaptive system type, namely, front lighting system, rear lighting, and interior lighting system

To know about the assumptions considered for the study, download the pdf brochure

Front Adaptive Lighting to have the largest market in automotive adaptive lighting

The front adaptive lighting market is expected to be the largest and fastest growing segment in the Automotive Lighting Market, by adaptive lighting. This growth can be attributed to stringent safety regulations in Europe and increased adoption of adaptive lighting features in premium cars in the Asia-Oceania region.

Asia-Oceania region to dominate the market growth

Asia-Oceania is estimated to dominate the Automotive Lighting Market, by value. It is projected to grow at the highest CAGR of 7.02% during the forecast period. This can be attributed to emerging economies such as China and India. In Asia-Oceania, the growth of automotive lighting solutions has been observed owing to the easy availability of raw materials and strong government support, which have boosted vehicle production and the overall Automotive Lighting Market.

Request for Customisation:

https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1133

Company Profiles:

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

The global automotive lighting market 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.

The Automotive Lighting Market is segmented by application into exterior (Head, Side, Tail, Fog, DRL, and CHMSL) and interior (dashboard, glovebox, reading, dome, and rear view mirror).

The study segments the adaptive lighting market, by position, into front adaptive and rear adaptive lighting. The front adaptive lighting is expected to be the largest and fastest growing market by 2022. The front adaptive lighting considers functions such as Auto-On/OFF, High Beam Assist, Cornering Lights, Headlight Leveling, and Bending Lights. Auto-On/OFF is expected to be the largest market whereas Headlight Leveling is expected to be the fastest growing market.

Factors restraining the growth of the market are fluctuating raw material prices and high R&D cost. The innovations require technological advancement, which incur heavy cost and hinder the R&D development.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]