Pune, Feb. 24, 2020 (GLOBE NEWSWIRE) -- The global Automotive Lighting Market size is projected to reach 100.8 billion. Driven by strict government regulations regarding road safety, the market will rise at a considerable rate in the coming years. According to a report published by Fortune Business Insights, titled “Global Automotive Lighting Market Size, Share & Industry Analysis, By Technology Type (LED, Halogen, Xenon), By Application Type (Front Lighting, Rear Lighting, Side Lighting, Interior Lighting) and Regional Forecasts, 2019-2026,” the market volume was USD 53.8 billion in 2018 and will exhibit a CAGR of 8.3% during the forecast period, 2019-2026.
Ideal automotive lighting helps drivers see clearly during night times as well as extreme weather conditions. The demand for proper lightings in an automobile across the world has emerged in favor of the growth of the market in recent years. The high prevalence of road accidents has contributed to the demand for automotive lighting. According to the World Health Organization (WHO), around 20-50 million people are injured in road accidents. Moreover, road accidents account for 1.25 million deaths among which, natural disasters such as fog, snow, dust, and rain are primary reasons.
Accounting to the high number of fatalities due to road accidents, governments across the world have imposed strict regulations regarding road safety and high beam light installation. These factors will have a direct impact on the growth of the overall market in the forthcoming years.
Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-lighting-market-101978
The report provides an in-depth analysis of the global automotive lighting industry. It highlights the latest product launches and labels major innovations in the market. In addition to this, it states the impact of these products on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years.
Forecast values have been provided for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.
List of the leading companies that are operating in the Automotive Lighting Market include;
- Robert Bosch Gmbh
- Hyundai Mobis
- Koninklijke Philips N.V.
- Varroc Group
- Valeo
- Continental AG
- HELLA GmbH & Co. KGaA
- Denso Corporation.
- Lear Corporation
- OSRAM GmbH.
- Automotive lighting (Magneti Marelli)
- North American Lighting, Inc.
- Koito Manufacturing co., ltd
- Lumax Industries.
- Gentex corporation
- Stanley Electric Co., Ltd.
Browse detailed market insights of Automotive Lighting Market research report: https://www.fortunebusinessinsights.com/automotive-lighting-market-101978
Increasing Number of Product Innovations Will Have a Positive Impact on Market Growth
The report highlights several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product innovations have contributed to the wide product adoption. Moreover, increasing investments in product R&D will have a direct impact on market growth. In September 2019, Osram announced the launch of ‘Eviyos’, a product that is capable of delivering HD projections on the road that will help display any obstructions in the road. The report analyzes a few of the factors, similar to such product innovations, and gauges their impact on the global market.
Europe is Projected to Dominate the Market; Strict Government Policies Will Emerge in Favor of Market Growth
The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, Europe is projected to dominate the market in the coming years driven by strict government norms supporting road safety. Besides Europe, Asia Pacific holds a high potential for the coming years, accounting to the increasing number of vehicle users in this region. As of 2018, the market in Asia Pacific was worth USD 13.0 billion and this value is projected to increase further in the coming years.
Order a Single User License Copy: https://www.fortunebusinessinsights.com/checkout-page/101978
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Mergers, Acquisitions and Partnerships
- Distributors Analysis
- Growth and Penetration Analysis
- Porter's Five Forces Analysis
- PEST Analysis
- Vendor Landscape
- Global Automotive Lighting Market Analysis, Insights and Forecast, 2014-2025
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Technology Type
- LED
- Halogen
- Xenon
- Market Analysis, Insights and Forecast – By Application Type
- Front Lighting
- Rear Lighting
- Side Lighting
- Interior Lighting
- Market Analysis, Insights and Forecast – By Vehicle Type
-
- Passenger Cars
- Commercial Vehicles
- Market Analysis, Insights and Forecast – By Country
- North America
- Europe
- Asia pacific
- Rest of the World
-
TOC Continued…!
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/automotive-lighting-market-101978
Noteworthy Industry Developments:
January 2018: Magneti Marelli unveiled a new autonomous lighting at the North American Auto Show in Detroit.
Have a Look at Related Market Insights:
Connected Car Market Size, Share & Industry Analysis, By Service (Mobility, telematics, Infotainment, Driver assistance), By Connectivity (embedded, tethered, integrated), By Vehicle (Passenger car, light commercial vehicle, heavy commercial vehicle), and Regional Forecasts, 2019-2025
Automotive Radar Market Size, Share & Industry Analysis, By Range (short-range, medium-range, long-range), By Application (Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Forward-Collision Warning System (FCWS), Blind Spot Detection (BSD), Intelligent Parking Assistance), and Regional Forecasts, 2019-2026
Automotive Sensors Market Size, Share & Industry Analysis, By Sensor Type (Temperature Sensor, Pressure Sensor, Speed Sensor, Position Sensor, Others), By Application Type (Powertrain, Chassis, Exhaust, ADAS, and Others), By Vehicle Type (Passenger Car, LCV, HCV), and Regional Forecast, 2019-2026
Electric Bus Market Size, Share & Industry Analysis, By Type (Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle), and Regional Forecasts, 2019-2026
Electric Bike Market Size, Share & Industry Analysis, By Propulsion Type (Pedal Assist, Throttle), By Battery Type (Lead Acid, Lithium-Ion, Nickle Metal Hydride, and Others) and Regional Forecasts, 2019-2026
Automotive Chassis Market Size, Share & Industry Analysis, By Type (Ladder, Monocoque, Compact Modular, Modular), By Vehicle Type (Passenger Car, LCV, HCV), and Regional Forecast 2019-2025
Automotive Axle Market Size, Share & Industry Analysis, By Axle Type (Drive, Dead, Lift), By Application (Front, Rear), By Vehicle (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles), and Regional Forecast 2019-2025
Automotive Electronic Control Unit Market Size, Share & Industry Analysis, By Application (Powertrain, Braking Systems, Body Electronics, Adas, Infotainment), By Vehicle (Passenger, LCV, HCV, Electric Vehicle), and Regional Forecasts 2019-2025
Automotive Steering System Market Size, Share & Industry Analysis, By Type (Electric Power Steering (EPS), Hydraulic Power Steering (HPS), Manual, Electro-Hydraulic Power Steering (EHPS), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), and Regional Forecasts, 2019-2026
About Us
Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
Linkedin | Twitter | Blogs
Read Press Release on Automotive Lighting Market: https://www.fortunebusinessinsights.com/press-release/automotive-lighting-market-9597