Automotive Lighting Market size Witness Exponential Growth size 2028 Covid-19

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Automotive Lighting Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Automotive Lighting Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Automotive Lighting Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Automotive Lighting Market is offered. In accordance with the report, the global Automotive Lighting Market is projected to expand at a CAGR of 3.29% over the period of forecast.

Market Insight, Drivers, Restraints& Opportunity of the Market:

The front lighting unit of a vehicle consists of head lamps (high and low beam), fog lamps, parking lights, front side indicator and Daytime Running Lamps (DTRL). The DTRLs, high beam, low beam head lamps and indicators are all integrated into the unit of the head lamp. The rear lighting unit consists of position lamps, stop lamps, fog warning lights, indicators, and number plate light. The functionality of the rear lighting unit is to alert the pedestrians and other vehicle drivers when the vehicle is stopped or reversed. The side indicator lamps on the vehicles are used to indicate the direction in which the vehicle turns, whether to the left or right. The interior lighting unit comprises dashboard lighting, glove box light, door light, dome light, and boot lamp light.

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The inception of passenger cars provided us with independence and freedom of mobility to travel to all places such as educational institutions, office, hospital, remote areas, etc. and thus, vehicles became an essential part of an everyday life. However, in later years, with technological advancements and increasing disposable income of consumers, their demand and expenditure also increased leading to increased spending on safety, comfort and stylish features in the vehicle. Therefore, to fulfil the market demand, the automotive industry is considerably investing in new automotive technologies and potentially strong product areas to attract target customers. Growth in Global Automotive Lighting system market is directly proportional to the market growth of global automobile market. Hence, with increasing sales of the automobiles globally, the market demand for automotive lighting systems is also set to grow. Although HIDs and LED lighting products ensure less energy consumption and longevity, the primary concern is the high cost associated to them.

In North America and Europe, this factor is expected to affect only a few areas but in several regions of Asia Pacific, Middle East and Africa and South America, the impact is bound to be high because of the high number of price conscious consumers in these regions. In the automotive lighting system market, there are tremendous growth opportunities for HID and LED lamps owing to their energy effectiveness and longevity. The standard lamps, which consume high energy and last for a shorter period, have become obsolete in nature. Similarly, the use of halogen lamps are also expected to decrease over a period of time. On the other hand, HID and LED lamps last for a very long period and are energy efficient. The demand for the latest lighting solutions is growing over the years and is further expected to increase in the years to come.

Segment Covered:

This market intelligence report on the global Automotive Lighting Market encompasses market segments based on technology, vehicle type, adaptive lighting and application and country.

In terms of technology, the Automotive Lighting Market is segregated into:

  • Halogen
  • LED
  • Xenon

By vehicle type, the global Automotive Lighting Market is segregated into:

  • Passenger Car
  • Light Commercial Vehicle (LCV)
  • Bus
  • Truck

By adaptive lighting, the global Automotive Lighting Market is segregated into:

  • Front Adaptive lighting

o   On/Off Function

o   Bending/Cornering

o   High Beam Assist

o   Headlight Leveling

  • Rear Adaptive Lighting
  • Ambient Lighting

By application, the global Automotive Lighting Market is segregated into:

  • Exterior Lighting

o   Headlights

o   Fog Lights

o   Day Time Running Lights (DRL)

o   Taillights

o   Sidelights

o   Centre High-Mount Stop Light (CHMSL)

  • Interior Lighting

o   Dashboard

o   Glovebox

o   Reading Lights

o   Dome Lights

By country/region, the global Automotive Lighting Market has been divided into

  • North America (the U.S., Canada),
  • South America (Brazil, Mexico, Argentina and other countries),
  • Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
  • Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
  • Middle East and Africa (GCC, South Africa, Israel and Other countries).

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Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:

  •    Aptiv PLC
  •    Continental AG
  •    Denso Corporation
  •    Federal-Mogul Corporation
  •    Flex-N-Gate
  •    Gentex Corporation
  •    Grupo Antolin
  •    Hella KGaA Hueck & Co.
  •    Hyundai Mobis
  •    Ichikoh Industries, Ltd.
  •    Keboda
  •    Koito Manufacturing Co., Ltd.
  •    Koninklijke Philips N.V.
  •    Lear Corporation
  •    Lumax Industries
  •    Magneti Marelli
  •    North American Lighting
  •    NXP Semiconductors
  •    Osram GmbH
  •    Renesas Electronics Corporation
  •    Robert Bosch GmbH
  •    Stanley Electric Co., Ltd.
  •    Valeo S.A.
  •    Varroc
  •    Zizala Lichtsysteme GmbH

Others players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Automotive Lighting related investment & spending and developments by major players of the market are tracked in this global report.

 

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2017-2027. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

Salient Features:

Ø This study offers comprehensive yet detailed analysis of the Automotive Lighting Market, size of the market (US$ Mn and Units), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2019 – 2027, taking into account 2018 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world Automotive Lighting Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø Leading market players covered this report comprise names such as Hella, Osram, Continental among others

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for Automotive Lighting caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Automotive Lighting Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Automotive Lighting Market

v Identification of key factors driving investment opportunities in the Automotive Lighting Market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

v Identify key strengths and weaknesses of important market participants

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