Analysts predict that the global commercial vehicle (CV) lighting system market will grow steadily at a CAGR of over 10% by 2022. This market research and analysis identifies the increasing safety regulations for lighting systems as one of the primary growth factors for this market.
This industry research report identifies Federal-Mogul, HELLA, Magneti Marelli, OSRAM, NEOLITE and Valeo as the key vendors in the global commercial vehicle (CV) lighting system market. This industry research report also presents a competitive analysis of the market by lighting technology.
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Overview of the global commercial vehicle (CV) lighting system market
The basic purpose of lighting is to improve visibility and enable drivers to guide and control the vehicle along the road and simultaneously avoid obstacles and pedestrians. Systems such as adaptive front lighting systems are gaining popularity in the market owing to the improved safety they provide.
The increasing need for safety will drive the adoption of automotive lighting systems, which will in turn, contribute to the growth of the commercial vehicle lighting market during the forecast period.
The increasing development of thermal imaging cameras to make night time riding safe is one of the latest trends that will gain traction in the commercial vehicle (CV) lighting system market in the coming years. The introduction of thermal imaging cameras is a new development that has the potential to enhance the safety of the rider and the vehicle.
For instance, thermal imaging cameras offered by FLIR systems for the passenger cars segment allows the rider to easily spot debris on the road that is difficult to spot through the light. Additionally, these systems do not require lights to produce an image which is an added advantage that is beneficial during harsh weather conditions.
Major companies are as follows:
STANLEY ELECTRIC Co.
Major classifications are as follows:
Major applications are as follows:
Major regions are as follows:
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