Global Automotive Lightening Market provides an in-depth insight of Sales and Trends Forecast to 2025
Global Automotive Lightening Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Global Automotive Lighting Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Automotive Lighting market was valued at XX million in 2017, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
The global automotive lighting system market of motor vehicle consists of signaling and lighting devices desegregated or mounted to the rear & front sides, top, interiors and in a few cases the top of a motor vehicle. Lighting plays as a crucial component in automotive safety.
The automotive vehicles including commercial and passenger vehicles, require power-energetic and cost-efficient lighting systems to enable a safe driving experience. Increase in automotive production, the rising population and the growing concerns about vehicle safety generated by the government settlements are the major factors adding to the growth of the global automotive lighting market. Further, it provides meaningful insights, helps to understand complexity and reduce the cost of compliance, and provide intelligent manufacturing process to reduce time-to-market.
This report provides a detailed analysis of Automotive Lighting, which includes current industry situations such as market size, growth and demands, market outlook, major players.. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global automotive lighting market is majorly segmented on the basis of type, technology, position, application. Based on position lighting market is bifurcated into: front, rear, side, and interior. Additionally, based on application the global automotive lighting market is divided into exterior and interior, based on exterior application it is segmented into headlights, fog lights, Daytime running Lights (DRL), tail lights, Center High Mount Stop Lamp (CHMSL), sidelights and based on interior application it is segmented into dashboard, glove box, reading lights, dome lights, rear view mirror interior light. Application is bifurcated into exterior and interior. Based on type global automotive lighting market is segmented into: passenger car, Light Goods Vehicle (LCV), Hepatitis C Virus (HCV) while based on technology it is classified into: halogen or incandescent, xenon or HID, LED.
The global Automotive Refrigerant market is majorly studied across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). The global automotive lighting market players are developing their existence in growing automotive industry such as India as well as China where the operating prices are low and expanded disposable income. In Asia Pacific region is significantly highest contributing market revenue due to its highest share in the production of automobiles and expanding purchase power and preference of buyers.
The major key players operating in the market are: Koito manufacturing co. ltd, Stanley electric co. ltd, Valeo group and magnetic marelli S.p.A.
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