According to a new market report published by Transparency Market Research “Automotive Lighting System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” the market was valued at USD 19.97 billion in 2014, which is expected to reach USD 34.17 billion by 2021, growing at a CAGR of 8.1% from 2015 to 2021.

Exponential growth in the automobile sector has positively supported the growth in the automotive lighting system market globally. By type of vehicles, the automotive lighting system market has been segmented into heavy vehicle, passenger vehicle, SUV, MUV and luxury vehicle.

Browse the full Automotive Lighting System Market Report at :
http://www.transparencymarketresearch.com/automotive-lighting-market.html

Passenger vehicle segment held the largest market share in the automotive lighting system market because of the emerging middle class and their preference shifting towards passenger vehicles. During the forecast period, among the various position segments, front lighting position held the largest market share. Increasing demand for energy-efficient automotive lamps with higher longevity is fueling the demand for automotive lamps across the world. In addition, increasing lighting legislations set up by the government of various countries is the major factor driving the growth of advanced automotive lighting technologies such as LED, HID/Xenon and Halogen.

In 2014, Europe acquired the largest market share in the automotive lighting system market. Asia Pacific is expected to witness highest growth because of the increasing production of vehicles and high purchasing power of the consumers. North America and Europe is expected to witness a stable growth.

Browse the full Automotive Lighting System Market press release at :
http://www.transparencymarketresearch.com/pressrelease/automotive-lighting-market.htm

Koninklijke Philips N.V. (Netherlands), Hyundai Mobis (South Korea), General Electric (U.S.), Valeo S.A. (France), Osram Licht AG (Germany), Stanley Electrics Co. Ltd. (Japan), Magneti Marelli S.p.A. (Italy) and Hella KGaA Hueck & Co. (Germany) are some of the key players in the automotive lighting system market. The market has been segmented as follows:

Automotive Lighting System Market: By Geography
North America
Europe
Asia Pacific
Rest of the World
The report provides a cross-sectional analysis of all the below mentioned segments with respect to the above mentioned regions.

Automotive Lighting System Market: By Vehicle Type
Heavy Vehicle
Passenger Vehicle
SUV
MUV
Luxury Vehicle

Automotive Lighting System Market: By Position
Front Lighting
Rear Lighting
Interior Lighting
Side Lighting

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