According to a new
market report published by Transparency Market Research “AutomotiveLighting System Market - Global Industry Analysis, Size, Share,Growth, Trends and Forecast 2015 - 2021,” the market was valued at
USD 19.97 billion in 2014, which is expected to reach USD 34.17
billion by 2021, growing at a CAGR of 8.1% from 2015 to 2021.
Exponential growth
in the automobile sector has positively supported the growth in the
automotive lighting system market globally. By type of vehicles, the
automotive lighting system market has been segmented into heavy
vehicle, passenger vehicle, SUV, MUV and luxury vehicle.
Browse
the full Automotive Lighting System Market Report at :
Passenger vehicle
segment held the largest market share in the automotive lighting
system market because of the emerging middle class and their
preference shifting towards passenger vehicles. During the forecast
period, among the various position segments, front lighting position
held the largest market share. Increasing demand for energy-efficient
automotive lamps with higher longevity is fueling the demand for
automotive lamps across the world. In addition, increasing lighting
legislations set up by the government of various countries is the
major factor driving the growth of advanced automotive lighting
technologies such as LED, HID/Xenon and Halogen.
In 2014, Europe
acquired the largest market share in the automotive lighting system
market. Asia Pacific is expected to witness highest growth because of
the increasing production of vehicles and high purchasing power of
the consumers. North America and Europe is expected to witness a
stable growth.
Browse
the full Automotive Lighting System Market press release at :
Koninklijke Philips
N.V. (Netherlands), Hyundai Mobis (South Korea), General Electric
(U.S.), Valeo S.A. (France), Osram Licht AG (Germany), Stanley
Electrics Co. Ltd. (Japan), Magneti Marelli S.p.A. (Italy) and Hella
KGaA Hueck & Co. (Germany) are some of the key players in the
automotive lighting system market. The market has been segmented as
follows:
Automotive
Lighting System Market: By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
- The report provides a cross-sectional analysis of all the below mentioned segments with respect to the above mentioned regions.
Automotive
Lighting System Market: By Vehicle Type
- Heavy Vehicle
- Passenger Vehicle
- SUV
- MUV
- Luxury Vehicle
Automotive
Lighting System Market: By Position
- Front Lighting
- Rear Lighting
- Interior Lighting
- Side Lighting
Get
Free Sample Report Automotive Lighting System Market :
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Transparency Market
Research (TMR) is a global market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of Analysts, Researchers, and Consultants, use
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and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
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