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New study: Global commercial vehicle lighting systems market forecast 2017-2022

Automotive and Transportation Market Research

The analysts forecast the global commercial vehicle (CV) lighting system market

Global commercial vehicle (CV) lighting system market to grow at a CAGR of 8.04% during the period 2017-2022.

Lighting in automobiles is considered a crucial system as it provides safety and convenience while driving. Commercial Vehicle Lighting Systems market In modern vehicles, it is also an important styling feature.

The automotive lighting system includes lighting and signaling lights located on the front, sides, and rear of a vehicle.

CVs, including light CVs (LCVs) and medium- and heavy-duty CVs (M&HCVs), use a wide range of lights for various functions. Headlamps that have low beam and high beam functions are mainly available in halogen and LED lights. 

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The latest trend gaining momentum in the market is adaptive front lighting systems. Adaptive headlights are a dynamic safety feature tailored to make driving at night and in low-light conditions safe by increasing visibility around curves and hills.

Global Commercial Vehicle (CV) Lighting System Market 2017-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market. 

One of the major drivers for this market is rise of emerging markets to drive growth in adoption of cv lighting systems in these markets. Varying market conditions, maturity in demand, and strict emission norms are some of the macro conditions affecting the CV market in triad countries.

Major companies are as follows:

Magneti Marelli
Varroc Group
SL Corporation

Major regions are as follows:

South Africa

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