Automotive Lighting Market 2018 Global Share, Size, Industry Trends, Growth, Competitive Analysis, Leading Players, Opportunities, And Regional Forecast To 2023
Automotive Lighting Market 2018 Global Industry Forecast to 2023 Report, is latest Global Automotive Lighting market research report published by “Market Research Future”. Automotive Lighting Market Size is poised to grow at strong CAGR of 6.43% and reach $30,107 million by 2023 globally.
Pune, India – December 12, 2018 /MarketersMedia/ —
Automotive Lighting Market 2018 Global Industry Forecast to 2023 Report, is latest Global Automotive Lighting market research report published by “Market Research Future” one of the leading company in Market Research and Consulting Services. Automotive Lighting Market Size is poised to grow at strong CAGR of 6.43% and reach $30,107 million by 2023 globally. For depth analysis, Global Automotive Lighting Industry is segmented by Technology (Halogen, LED, and Xenon), Vehicle Type (Passenger Car, Light Commercial Vehicle & Heavy Commercial Vehicle), Application (Front Lights, Side Lights, Rear Lights and Interior Lights) and End Market (OEM & Aftermarket) and Region.
Global Automotive Lighting Market Highlights:
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.
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Automotive Lighting Market Key Companies Studied in this report are: Magneti Marelli (Italy), Philips Lighting NV (Netherlands), Ichikoh Industries Ltd (Japan), HELLA KGaA Hueck & Co (Germany), KOITO MANUFACTURING CO., LTD.(Japan), ZKW Lichtsysteme GmbH (Wieselburg), Peterson Manufacturing company (U.S.), OSRAM GmbH (Germany), Stanley Electric Co. Ltd (Japan), General Electric (U.S.) and among others.
In addition, factors such as increasing vehicle production globally are also the driving factor for the automotive lighting market. However high cost of the lighting product act as restraints of the automotive lighting industry. Global automotive lighting market has very broad market in coming recent years. MRFR analysts has predicted that automotive industry is about to grow at a rapid pace, moreover, the speedy rising sales of passenger cars and technological innovations have also been a growth momentum.
The recent expansion of the automotive industry, particularly in countries such as China, Mexico and India has reflected favorably 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.
Market Segments Analysis:
Report has also offered a comprehensive segment 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).
The global automotive lighting Industry by region has been segmented into North America, Europe, Asia-Pacific and Rest of the world. This market has seen a substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till forecast period. Among the regions covered, Asia-Pacific has accounted the largest market for automotive lighting market followed by North America and Europe.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impact market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current Automotive Lighting Industry 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.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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