Demand for improved lighting systems drives the growth of automotive lighting market

Automotive Lighting Market

May 2013

http://bit.ly/automotive-lighting-2018

http://www.researchonglobalmarkets.com/


In any automobile, lighting is a very essential component. With continuous developments in LED and adaptive lighting technologies, many automotive manufacturers have ended up lowering the level of energy consumption in various lighting units as well as enhanced the safety aspect of the vehicle by providing improved visibility. The primary purpose of lighting in vehicle is to provide visibility for the driver under darkness and bad weather conditions and to intimate the vehicle presence, position, and size to other pedestrians and motorists on the road.

Other than these purposes, lighting is also installed inside vehicles to increase the look of vehicles interior, which has become a major part of attraction mainly in passenger cars. The three major technologies used in automotive lighting are halogen, xenon/HID, and LED of which halogen is the most widely used technology.

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The advancements in automotive lighting technologies have led to several modifications mainly in the passenger car segment. With the development of LED lighting technology the market witnessed a good rate of installation in the premium segment of passenger cars mainly in the tail lamps, front DRLs, and vehicle interior. Currently, LED technology is also used in front head lamps as well.

Owing to improved driving visibility, higher efficiency, longer life span, high resistance to vibration, smaller packaging level, and flexibility to make lighting units of different shapes and sizes; the usage of LED lighting in the automotive industry increased to a great extent and is further expected to grow at a promising rate in coming years. Apart from passenger cars, even two wheeler manufacturers have started including LED technology in their blinkers and tail lamp units.

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MARKET DRIVERS AND CHALLENGES

The global automotive lighting market revenue is estimated to reach USD 25.36 billion by 2018. Major factors responsible for the growth of automotive lighting market include the increasing concern towards road safety, lighting legislations setup by respective governments, and higher efficiency of LED automotive lighting technology. Also, the increasing purchasing power of consumers has given rise to the demand for advanced and sophisticated technologies such advanced front lighting system (AFS) and daylight running lights (DRLs).

Increasing vehicle production in the BRIC nations would serve as a potential market for automotive lighting in the coming years. The key concerns in the industry pertain to the high cost of LED lighting technology and the high R&D costs involved in developing such advanced technologies.












Front

Rear

Side

Interior

MARKET SEGMENTATION – BY POSITION













Halogen

Xenon/HID

LED

MARKET SEGMENTATION – BY TECHNOLOGY


Continued..












Passenger cars

Light commercial vehicles

Heavy commercial vehicles (heavy trucks, buses and coaches)

Two wheelers

MARKET SEGMENTATION – BY VEHICLE TYPE


Continued..












The report classifies and defines the revenue for automotive lighting industry

It covers qualitative data about the lighting technologies used in vehicles

The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the automotive lighting market

Key players in the industry are profiled in detail with their recent developments. Some of these include Koito (Japan), Valeo (France), Hella (Germany), Magneti Marelli (Italy), and Stanley Electric (Japan)

REPORT COVERAGE













Asia-Pacific

Europe

North America

ROW

KEY REGIONS COVERED IN THE STUDY


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Introduction

Executive summary

Premium insights

Market overview

Global automotive lighting market

Competitive landscape

Company profiles

Appendix

TABLE OF CONTENTS













REPORT DETAILS


Publish date: May 16, 2013

Number of slides: 312

Geographic coverage: Global

Available format: PDF, CD, Hardcopy

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Demand for improved lighting systems drives the growth of automotive lighting market

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