Automotive Lighting System Market is expected to reach USD 34.17 Billion in 2021


Posted May 4, 2015 by danny123

Automotive Lighting System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021

 
The market research study analyzes the automotive lighting system market on a global level and provides estimates in terms of revenue (USD) from 2015 to 2021. It gives a comprehensive overview of the automotive lighting system industry from all the important aspects of the market. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the coming years.

Lighting system in an automobile comprises of signaling and lighting devices fitted to the front, rear, interior and the exterior sides of the vehicle. The function of automotive lighting is to provide safety by ensuring visibility to the driver during the night and under dark weather conditions. The lighting on the sides of the vehicles emphasizes on the signaling feature, which assists the driver to make diversions to the left or the right side.

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

In the recent times, there has been an increasing awareness among people relating to automobile safety and security. In addition, stringent lighting regulations and legislations set up by the government of various countries have shifted the focus of automotive lighting manufacturers from obsolete inefficient automotive lamps to smart and efficient automotive lighting. Technologies such as LED, HID/Xenon and Halogen have brought a transition in the recent trend of automotive lighting. Advanced front lighting system (AFS) and active intelligent lighting system (AILS) is a certain technology that uses the navigation system of the vehicle to ensure automatic visibility to the driver of the vehicle.

The increase in the demand for advanced automotive lighting technologies such as LED, HID/Xenon and Halogen lamps is due to the low consumption of energy and longevity of such lamps. Among the above mentioned technologies, Halogen lamps are widely preferred because of its low cost and efficiency. LED and HID/Xenon lamps are relatively expensive but much more efficient as compared to Halogen lamps. During the forecast period, the preference of the consumers is expected to partly shift from Halogen technology to LED and HID/Xenon, with the rising disposable income of the people across the globe.

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

Europe holds the largest market share in the automotive lighting system market followed by North
America, Asia Pacific and Rest of the World (RoW). Due to the saturation in the markets of North America, the automotive lighting system market is expected to witness maximum growth in the Asia Pacific region and RoW by the end of the forecast period. It is also to be considered that the market in North America and Europe is expected to maintain a stable growth because of the continuous advancements in the automotive lighting system market in the two regions.

This report provides tactical analysis of the automotive lighting system market and the growth forecast for the period 2015 to 2021. The span of the report includes competitive analysis of various market segments based on the types, module and in detail cross sectional analysis of the automotive lighting system market across diverse geographic segments. To maintain the strategic decision making, the report also includes profiling of leading players in the industry, their market share and various strategy adopted by them. The cause and effect analysis (fish-bone diagram) and market attractiveness analysis is also included in the report to provide imminent market dynamics and market competition.

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The report also provides company market share analysis of the various industry participants along with company overview, financial overview, business strategies and recent developments in the field of automotive lighting system market. Major market participants profiled in this report include 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).

The report segments the Automotive Lighting System market as:

Automotive Lighting System Market: By Vehicle

Heavy Vehicle

Passenger Vehicle

SUV

MUV

Luxury Vehicle

Automotive Lighting System Market: By Position

Front Lighting

Rear Lighting

Interior Lighting

Side Lighting

Automotive Lighting System Market: By Geography

North America

Europe

Asia Pacific

Rest of the World (RoW)

About Us :

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Tags automotive lighting system market , global automotive lighting system industry , automotive lighti , automotive lighting system market , automotive lighting system market analysis , automotive lighting system market forecasts , automotive lighting system market research report , global automotive lighting system industry , global automotive lighting system market research report
Last Updated May 4, 2015