Global Automotive Lighting Market Growth, Size, Share, Companies, Technology and Forecasts 2016-2020
The Global and China Automotive Lighting Industry Report 2016-2020, provides detail analysis of 15 major automotive lighting vendors, Headlamp Design, Laser/OLED/AFS/ADB/Night Vision System technology, Companies profiles and automotive lighting market analysis and forecast.
Pune, India – June 28, 2017 /MarketersMedia/ —
Global automotive lighting market was worth about USD27.5 billion in 2016, a year-on-year growth of 9.6%, and is predicted to reach USD30.2 billion in 2017, a 9.8% rise from a year ago. Such a rapid growth is primarily attributed to the expedited market entry of LED headlamps, particularly in the Chinese market, and a blowout in additional functions like ADB (Adaptive Driving Beam) and AFS (Adaptive Front-Lighting System). ADB works only on LED headlamp whose small size is conducive to a more flexible design of vehicle appearance and lower energy consumption. Moreover, continued price decline allows LED to enjoy a higher price/performance ratio than HID, boosting the share of LED headlamp which is projected to jump from 7% in 2015 to 21% in 2020 and up to 30% in 2025.
Complete Report of Global and China Automotive Lighting Industry Report, 2016-2020 with 117 pages and company profiles are at http://www.reportsnreports.com/reports/1084869-global-and-china-automotive-lighting-industry-report-2016-2020.html
Koito, the world’s No. 1 automotive lighting company, recorded a faster growth rate (as high as 14.4%) in 2016. The company’s revenue in China was RMB13.5 billion in FY2017, representing a 17.4% rise over the previous year, while operating profit, dragged down by yen appreciation, increased by just 4.1% to RMB820 million. Having achieved double-digit growth in China for several years in a row, Koito almost monopolizes the Chinese LED headlamp market, whatever JV-brand market or local-brand market. Valeo, after taking over the control of Ichikoh Industries via a more than 50% stake acquisition, reshaped the latter and boosted its performance with the revenue for FY2017 climbing by 24% and operating profit nearly doubling. Despite its surpassing over Hella and Automotive Lighting to be the world’s second largest automotive lighting company, Valeo still earned less than half what Koito makes. With the number of employees going up from 5,700 to 7,500, ZKW gave an excellent performance, snatching many orders from Automotive Lighting and raising its revenue by 25%. Dalian plant performed exceptionally well.
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Automotive lighting industry is highly concentrated with top5 players holding a combined 75% market share which is still on the rise, largely because of higher threshold for small companies as the prices are higher and the systems become increasingly complicated.
The Chinese automotive lighting market was USD 6.5 billion in 2016, and is projected to reach USD7.5 billion in 2017 and USD9.6 billion in 2020. Car sales saw the highest growth rate in 2016 in China; both JV and local Chinese brands underline car appearance and LED can help add flexibility to appearance design and enhance the sense of technology, more LED headlamps are used. However, most of orders went to Koito.
Global and China Automotive Lighting Industry Report, 2016-2020 covers the following:
– Global and Chinese automotive lighting market analysis and forecast;
– Global and Chinese automotive lighting industry analysis and forecast;
– Status quo and trends of automotive lighting technology
– 15 major automotive lighting vendors
Table of Contents:
1. Headlamp Design
2. Laser/OLED/AFS/ADB/Night Vision System
3. Automotive Lighting Market and Industry
4. Automotive Lighting Companies
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