Transparency Market Research (TMR) provides key insights on the on-highway vehicle lighting market in its latest report titled “On-highway Vehicle Lighting Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, rapid growth of the automotive industry in Asia Pacific is predicted to drive the on-highway vehicle lighting market during the forecast period. Countries in Asia Pacific have witnessed increased demand vehicles that offer growth opportunities to the on-highway vehicle lighting market.
The global on-highway vehicle lighting market is segmented in terms of location, light type, technology, vehicle type, vehicle class type, electric vehicle type, sales channel, and region. On the basis of technology, the market is bifurcated into adaptive lightings, intelligent lighting, and others. Based on vehicle type, the market is divided into passenger and commercial vehicles. The passenger vehicles segment held a prominent share of the On-highway vehicle lighting market, as these vehicles witness high demand and are manufactured in large numbers.
In accordance with size and design, the passenger vehicles segment is further sub-segmented into hatchback, sedan, and SUV/ MPV. Electric vehicles is a rapidly expanding vehicle segment. The amount of on-highway lightings utilized is higher in electric vehicles, as compared to other vehicle segments. Based on electric vehicle type, the market is segmented into battery electric vehicle, plug-in hybrid vehicle, and hybrid electric vehicle.
Based on sales channel, the market can be bifurcated into OEM and aftermarket. In terms of regional perspective, Asia Pacific is predicted to continue to hold maximum share of the global market, owing to higher vehicle production in the region as compared to other regions across the globe. Europe witnesses a higher rate of adoption of technology. Other region considered for the on-highway vehicle lighting market are North America, Latin America, and Middle East & Africa.
Prominent players operating in the on-highway vehicle lighting market are included in this report and these are LG Display Co., Ltd., Hyundai Mobis, Varroc Group, Neolite ZKW, Johnson Electric, HELLA GmbH & Co. KGaA., De Amertek Corp, Continental AG, Denso Corporation, Ichikoh Industries Ltd., STANLEY ELECTRIC CO., LTD., Magneti Marelli S.p.A, OSRAM, Koito Manufacturing Co. Ltd., Robert Bosch GmbH, Lumberg Holding, Fraunhofer- Gesellschaft, Cree, Inc., Koninklijke Philips N.V., and SG Automotive.
For more information on On-highway Vehicle Lighting, please visit website of transparency market research.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. We are leaders in analytics, research, and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a preeminent provider of cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who hold a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com