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Automotive Lighting market is expected to reach $ 29.97 Billion - 2022 By Aaron Smith

  in Automotive | Published 2019-02-06 12:24:01 | 31 Reads | Unrated

Summary

The automotive lighting market is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach USD 29.97 Billion by 2022.

Full Content

The report "Lighting Market for ICE & EVs by Technology (Halogen, LED, Xenon), Position (Front, Side, Rear, Interior), Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting & Region - Forecast to 2022", The Lighting market for Automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach USD 29.97 Billion by 2022.

Free PDF Sample

Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1133

Browse 119 market data tables and 52 figures spread through 241 pages and in-depth TOC on "Lighting Market for ICE & EVs - Forecast to 2022

Some of the key Players in Automotive Lighting Market:

  • Hella KGaA Hueck & Co (Germany)
  • Magneti Marelli S.p.A (Italy)
  • Stanley Electric K.K (Japan)
  • Valeo S.A. (France)
  • Koito Manufacturing Co. Ltd. (Japan)
  • Osram Licht AG (Germany)
  • Koninklijke Philips N.V (Netherlands)
  • Hyundai Mobis (South Korea)
  • Ichikoh Industries Ltd. (Japan)
  • General Electric (U.S.)

“Automotive front lighting to be the largest segment“

The study considers four lighting positions in a vehicle for the estimation of the market size, namely, front, rear, side, and interior. The front lighting market is projected to constitute the largest lighting market, by value, in 2022. Driver safety and advanced features such as auto on/off and auto leveling are some of the adaptive lighting solutions that are gaining popularity in the front lighting segment. Halogen is presently dominating the front lighting segment. However, owing to benefits such as operation at lower temperature, low energy consumption, and freedom to design, advanced technologies such as LED projector headlamps are gaining popularity in recent years. The Laser technology is new to the market and is gaining popularity owing to its bright illumination.

Request Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1133

“Interior lighting segment to grow at the fastest pace in the Lighting market for Automotive”

With the increase in use of LED lights for interior applications, the segment has increasingly grown in vehicles across the globe. OLED lighting offers design flexibility and can be used even for minute lighting solutions. With such technological advancement, it has become possible for the manufacturer to offer advanced lighting solutions such as mood lighting. Hence, with technological and design modifications, the interior lighting market is expected to be the fastest growing market.

View Full Report Summary @ https://www.marketsandmarkets.com/Market-Reports/automotive-lighting-market-1133.html

Target Audience of Lighting Market

  • Manufacturers of automotive lighting systems
  • Lighting component suppliers
  • Dealers and distributors of automotive lighting systems
  • Original equipment manufacturers
  • Industry associations, investment firms, equity research firms, and private equity firms

Get Free 10% Customisation @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1133

“Growing markets like China and India to drive the lighting market for automotive industry”

China and India together contribute 35% of the global vehicle production and approximately 34% of the global passenger car production. Owing to increasing vehicle production, the demand for automotive lighting will also increase in the region. The lighting market for exterior applications is estimated to be the largest market in the region and halogen technology will have the largest share.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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