Automotive Lighting Market Analysis & Forecast to 2022 – Strict Government Policies & Rising Safety Concerns Driving Growth – Research and Markets
June 3, 2016 | By Business Wire News
DUBLIN
Research and Markets has announced the addition of the “Automotive Lighting Market Analysis By Technology (Halogen, Xenon, LED), By Application (Front/Headlamps, Rear, Side, Interior) And Segment – Forecasts To 2022” report to their offering.
The automotive lighting market is anticipated to reach USD 34.65 billion by 2022. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market.
Increasing apprehensions about using energy efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry are expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative authorities to collaborate with light sourcing technology suppliers to develop flexible design techniques.
Automotive lighting industry in Asia Pacific is estimated to grow at a CAGR of over 8.0% and acquire a market share of about 45.0% over the forecast period. The continuous expansion of suppliers coupled with a vast production base is expected to position this region as the market leader. Countries including India, Japan, and China account for the major production base for vehicles globally, thus offering extensive growth opportunities.
Companies Mentioned:
- General Electric Lighting
- Hella KGaA Hueck & Co.
- Ichikoh Industries Ltd
- Koito Manufacturing Co Ltd
- Koninklijke Philips N.V.
- Magneti Marelli
- Osram GmbH
- Stanley Electric Co Ltd
- Valeo S.A
- Zizala Lichtsysteme GmbH
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Global Automotive Lighting Industry Outlook
4. Global Automotive Lighting Technology Outlook
5. Global Automotive Lighting Application Outlook
6. Global Automotive Lighting Regional Outlook
7. Competitive Landscape
For more information visit http://www.researchandmarkets.com/research/8wq3ww/automotive
View source version on businesswire.com: http://www.businesswire.com/news/home/20160603005295/en/
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Telematics and Vehicle Electronics, Automotive Body, Trim and Glass
