DUBLIN, Dec. 04, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/mnvtrt/world_automotive) has announced the addition of the "World Automotive Lighting - Market Opportunities and Forecasts, 2014 - 2020 " report to their offering.
According to this new report titled, "Global Automotive Lighting Market - Technology, Vehicle Type, Applications, Size, Share, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014-2020", 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.
Front lighting application finds the largest application in automotive, followed by rear lighting. Government regulations as well as increasing demand related to efficient front lighting in vehicles is driving the growth of this market. Interior lighting would also witness appreciable growth due to the increasing trend of installing LED lights inside the vehicle for enhancing the looks.
Passenger vehicles, with their dominant market share in total vehicle segment, would be the largest vehicle type segment for automotive lighting. The demand for aesthetic lighting features would support the demand of lights in private and commercial cars.
- 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.
- Zizala Lichtsysteme GmbH
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/mnvtrt/world_automotive
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SOURCE Research and Markets