(MENAFNEditorial) Automotive Lighting Market Analysis from 2018 to 2023 report added by MarketResearchFuture, explores global automotive lighting market size, share, trends, growth and regional analysis with forecast to 2023. Global automotive lighting market is poised to grow over USD 30,107.2 million by 2023. Automotive Lighting Market analyzed by Technology (Halogen, LED, and Xenon), by Vehicle Type, by Application (Front Lights, Side Lights, Rear Lights and Interior Lights) and by End Market and by Region.
Automotive Lighting Market Key Players Analyzed:
HELLA KGaA Hueck & Co (Germany), ZKW Lichtsysteme GmbH (Wieselburg), OSRAM GmbH (Germany), General Electric (U.S.), Magneti Marelli (Italy), KOITO MANUFACTURING CO., LTD.( Japan), Philips Lighting NV (Netherlands), Peterson Manufacturing company (U.S.), Ichikoh Industries Ltd (Japan), and Stanley Electric Co. Ltd (Japan) are among the top companies involved in automotive lighting manufacturing.
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Lighting continues to be one of the key components of modern vehicles. The recent expansion of the automotive industry, particularly in countries such as China, Mexico and India has reflected favourably on the automotive lighting market. The auto sector has undergone untiring waves of technological evolution, in the process, influencing the diverse range of components that are integrated in vehicles, including lighting systems.
The arrival of new lighting technologies and greater emphasis on improving vehicle visibility are some of the key factors supporting the growth of the automotive lighting market. The increased sales of passenger vehicles in emerging markets is also creating growth opportunities for market participants. Nonetheless, a large percentage of the automotive lighting components that are currently available, carry a hefty price tag, which to an extent is limits the market potentials. Meanwhile, enforcement of new safety regulations has prompted carmakers to opt for the best available lighting solutions. For modern consumers, style, safety and comfort are equally important and usually reluctant to compromise on any.
Technology is another important facet in the auto industry, there has been an overhaul not only in terms of design and style but also in technology front. One of the notable and recent technological development that took place in automotive lighting is the arrival of adaptive lighting technology. Many of the premium and mid- range cars now come with adaptive lighting system. At the same time, advanced LEDs and HID lamps system are quickly replacing the traditional systems. Manufacturers are also concentrating lighting innovation to prepare for the next wave of automotive technology, which will be mainly guided by trends such as automation and self-driving. The aforementioned factors are expected to sway the market over the next six years.
Latest Industry Trends and News:
Italian-American auto giant, Fiat Chrysler Automobiles has recently revealed its plans to spin off its Magneti Marelli business unit. The separation will allow the company to deliver greater value to its shareholders and create a stronger operational flexibility for its high-tech components business Magneti Marelli in its strategic growth.
The Netherlands based Philips lighting has reportedly expressed it desire to rebrand itself with a new name 'Signify. However, the lighting manufacture will continue to use the Philips brand under the current agreement of licensing with royal Philips.
Global Market for Automotive Lighting Segmental Analysis:
MRFR in its report has also offered a comprehensive segmental analysis of the market based on vehicle type (heavy commercial vehicle, light commercial vehicle and passenger car), application (side lights, front lights, interior lights, and rear lights), end market (aftermarket and OEM) and technology (xenon, LED and halogen).
Regional Overview:
On the basis of region, the global market for automotive lighting has been segmented into Asia Pacific (APAC), Europe, North America and Rest of the world (RoW). Among these, the market in APAC is expected to present lucrative growth opportunities for players operating in the region. Currently, the region accounts for the highest share of market and likely to continue its dominance over 2023.
The report for Global Automotive Lighting Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
List of Tables:
TABLE 1 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)
TABLE 2 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION)
TABLE 3 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY APPLICATION, 2015-2023 (USD MILLION)
TABLE 4 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY END MARKET, 2015-2023 (USD MILLION)
TABLE 5 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY REGION, 2015-2023 (USD MILLION)
TABLE 6 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY COUNTRY 2015-2023 (USD MILLION)
TABLE 7 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION)
TABLE 8 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
TABLE 9 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION)
TABLE 10 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2015-2023 (USD MILLION)
TABLE 11 US AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION)
TABLE 12 US AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
TABLE 13 US AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION)
TABLE 14 US AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2015-2023 (USD MILLION)
TABLE 15 CANADA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION)
TABLE 16 CANADA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
TABLE 17 CANADA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION)
TABLE 18 CANADA AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2015-2023 (USD MILLION)
TABLE 19 EUROPE AUTOMOTIVE LIGHTING MARKET, BY COUNTRY 2015-2023 (USD MILLION)
TABLE 20 EUROPE AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION)
TABLE 21 EUROPE AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
TABLE 22 EUROPE AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION)
TABLE 23 EUROPE AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2015-2023 (USD MILLION)
TABLE 24 GERMANY AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION)
TABLE 25 GERMANY AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
TABLE 26 GERMANY AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION)
TABLE 27 GERMANY AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2015-2023 (USD MILLION)
TABLE 28 UK AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION)
TABLE 29 UK AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
TABLE 30 UK AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION)
TABLE 31 UK AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2015-2023 (USD MILLION)
TABLE 32 FRANCE AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION)
TABLE 33 FRANCE AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
TABLE 34 FRANCE AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION)
TABLE 35 FRANCE AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2015-2023 (USD MILLION)
TABLE 36 ITALY AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION)
TABLE 37 ITALY AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION)
TABLE 38 ITALY AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION)
TABLE 39 ITALY AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2015-2023 (USD MILLION)
Continued…
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