World Automotive Lighting 2014 - 2020 - The Market is Expected to Reach a CAGR of 6.7% during the Period

Aug 07, 2015, 07:10 ET from Research and Markets

DUBLIN, Aug. 7, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/jp38m8/world_automotive) has announced the addition of the "World Automotive Lighting - Market Opportunities and Forecasts, 2014 - 2020 " report to their offering.

The global automotive lighting market is expected to reach $33.7 billion by 2020, registering a CAGR of 6.7% during 2015-2020. Automotive lighting industry is witnessing a steady growth on account of growing automotive production across the world. The growing emphasis on vehicle safety and government regulations regarding automotive lighting systems, are contributing to the market growth. Additionally, increasing disposable income of people is supporting the demand of aesthetic looks for vehicles, which in turn, is creating the demand for advanced lighting solutions.

Lighting, being a vital component in automotive vehicles, plays an important role in automotive safety. Automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions. Besides this, these lights also increase the conspicuity of the vehicle.

Key findings of the study:

  • The global automotive lighting market would grow steadily during the forecast period (2015-2020) due to rising concerns regarding road safety and growing automobile production
  • LED technology would be the fastest growing lighting technology throughout the forecast period
  • Exterior lighting in vehicles will continue to maintain its dominant share compared to interior lighting
  • Asia-Pacific, with its huge automotive vehicle production capacity, would be the largest market for the automotive lighting products
  • Passenger vehicles would create more demand for automotive lighting products compared to commercial vehicles during the forecast period

Companies Mentioned

  • General Electric (GE)
  • Hella KGaA Hueck & Co.
  • Ichikoh Industries Ltd.
  • Koito Manufacturing Co. Ltd
  • Koninklijke Philips N.V.Ã.
  • Magneti Marelli S.P.A
  • Osram GmbH
  • Stanley Electric Co.
  • Valeo
  • Zizala Lichtsysteme GmbH

Key Topics Covered:

Chapter: 1 INTRODUCTION

Chapter: 2 EXECUTIVE SUMMARY

Chapter: 3 MARKET OVERVIEW

Chapter: 4 GLOBAL AUTOMOTIVE LIGHTING MARKET BY TECHNOLOGY

Chapter: 5 GLOBAL AUTOMOTIVE LIGHTING MARKET BY VEHICLE TYPE

Chapter: 6 GLOBAL AUTOMOTIVE LIGHTING MARKET BY APPLICATION

Chapter: 5 GLOBAL AUTOMOTIVE LIGHTING MARKET BY PRODUCT SALE

Chapter: 7 GLOBAL AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY

Chapter: 8 COMPANY PROFILES

For more information visit http://www.researchandmarkets.com/research/jp38m8/world_automotive

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

 

SOURCE Research and Markets



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