Global automotive lighting market report provides analysis for the period 2015 – 2025, wherein the period from 2017 to 2025 is the forecast and 2016 is the base year. The automotive lighting report covers all the major types and application playing significant role in the global automotive lighting market’s growth over the forecast period.
The report also include various drivers, restraints, and opportunities expected which affect market’s growth during the above mention period. The study provides an entire perspective on the market’s growth in terms of revenue in US$ Mn and volume in Mn units, across different geographical regions such as Asia Pacific, North America, Middle East & Africa, Europe, and South America.
Global automotive lighting market is segmented based on vehicle type, by application, by technology, by product scale and by region. By vehicle type, the market is further segmented into passenger type and commercial type. By application, automotive lighting can segmented into front lighting, rear lighting, interior lighting, and side lighting. By technology, automotive lighting market is bifurcated as Halogen, Xenon, and LED. By product scale it can be segmented as OEMs and aftermarket product.
Global automotive lighting is segmented in terms of vehicle type, by application, by technology, by product scale, and by region. By vehicle type, the market is further segmented into passenger type and commercial type. The passenger vehicle production across the world is approximately three times the number of commercial vehicles production. By application, automotive lighting market can segmented into front lighting, rear lighting, interior lighting, and side lighting.
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The front lighting segment in 2017 is expected to be the highest in the application segment compared to the other three automotive lighting positions. This is mainly attributed to its function of illuminating the road in all weather conditions and avoiding accidents in the dark as compared to rear and side application segments that are mainly used for indication purposes.
By technology, automotive lighting market is bifurcated as Halogen, Xenon, and LED. Decrease in halogen bulbs is mainly due to increase in LED technology. LED bulbs are proving to be very popular as they can produce an extreme white light and are more energy efficient as compared to the other two types. Sophisticated technologies such as the Advanced Front-Lighting System (AFS) and Daytime Running Lights (DTRL) have become largely popular because of their safety features.