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Lighting Market for ICE & EVs By Technology, Position, Application, Adaptive Lighting & Region - Forecast to 2022

Lighting Market: Forecast until 2022

  • June 2017
  • 243 pages
  • ID: 4968736
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"Rise in vehicle production and lighting applications to upsurge the lighting demand in automotive sector"

The Lighting market for Automotive, by value, is expected to increase at a compound annual growth rate (CAGR) of ~6.8 percent between 2017 and 2022, to attain ~$30.0B by 2022. Additionally to increasing vehicle demand and growing lighting applications, Elements such as safety regulations and increasing demand for comfort and luxury are anticipated to fuel the industry demand for advanced technologies including adaptive lighting systems.

The main factors hindering the rise of the Lighting market for Automotive are the strong cost engaged in Research and development and fluctuating prices of raw materials.

"LED technology is forecasted to showcase quickest increase and is anticipated to lead in future lighting market"

The sector for front LED technology, by value, is expected to rise at the highest compound annual growth rate (CAGR) during the outlook period between 2017 and 2022. This rise can be connected to the benefits provided by LED technology, including energy efficiency, low power consumption, lightweight, and flexibility. These benefits help to minimize the design constraints as distinguished to halogen lamps. The technology is estimated to result the front lighting segment with applications including Daytime Running Lamp, and projector headlamps as well as interior lighting segment where its applications are dashboard, glovebox, reading, dome, and rear view mirror lights.

"Front Adaptive Lighting to have the biggest market in automotive adaptive lighting"

The front adaptive lighting market is anticipated to be the biggest and quickest increasing segment in the Lighting market for Automotive, by adaptive lighting. This increase can be accredited to stringent safety regulations in EU and rised adoption of adaptive lighting features in premium cars in the Asia-Oceania area.

"Asia-Oceania area to lead the market increase"

Oceania/Asia is projected to dominate the Lighting market for Automotive, by value. It is expected to grow at the more important Compound annual growth rate of ~7.0 percent during the forecast period. This can be connected to emerging economies including China and India (IN). In Oceania/Asia, the increase of automotive lighting solutions has been observed due to the easy availability of raw materials and strong government support, which have boosted vehicle production and the global lighting market.

The report includes industry insights specified by different market experts. The break-up of the primaries is like:

• By Company category - Tier-1 - 60 %, OEM 20.0 percent, and Tier 2 - 20.0 percent

• By Description - C-suite - 25.0 percent, Grade of manager - 60.0 percent, and Others - 15.0 percent

• By Area - Europe (EU) - 20.0 percent, Oceania/Asia - 50.0 percent, North America continent - 30.0 percent

The main firms in the automotive lighting industry are profiled in the market research. These include Hella KGaA Hueck & Co, Magneti Marelli S.p.A, Stanley Electric K.K, Valeo S.A., Koito Manufacturing Co. Ltd., OSRAM Licht AG, Koninklijke Philips N.V, Hyundai Mobis, Ichikoh Industries Ltd., and General Electric.

Segment Research

The overall Lighting market for Automotive is divided established on the basis of the position (front, rear, side, and interior). The lighting used in these positions are categorized on the basis of technologies that have been deployed (Halogen/incandescent, Xenon/HID, and LED). The Lighting market for Automotive is also broken down based on the application-exterior (headlight, fog lights, DRL, taillights, CHMSL, sidelights, and others) and interior (dashboard, glovebox, reading lights, dome lights, rear view mirror lights); and based on vehicle type-ICE vehicles and alternate fuel vehicles. The adaptive lighting market is covered along with the alternate fuel vehicle market.

Why Purchasing This Study Can Help You:

The industry report offers business insights with reference to the following points:

- Market value: The study contributes detailed market sizing and forecast up to five years with third level segmentation.

- Industry development: The analysis offers highlighted information about profitable emerging sectors. The market research examines the industries for automotive lighting across localities.

- Product improvement/Innovative products: The industry report contributes in-depth understanding into Research&development activities, up-on-coming technologies, and recent product launches in the overall Lighting market for Automotive.

- Industry diversification: The study affords in-depth information about untapped sectors, market investments, recent products, and recent evolutions in the overall Lighting market for Automotive.

- Vendor Dive Matrix: The analysis offers exhaustive information and in depth review of top actors established on their business strategy and product offering.

- Supplier study: The market research contributes a brief review of Who Supplies Whom info for main automotive lighting manufacturers and their clients.

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