Growing concerns for road safety, lighting legislations of governments, and use of LED automotive lighting system propel the growth of the Automotive Lighting Market. Passenger vehicles and commercial vehicles need excellent lighting systems to have a safe driving experience.
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Automotive lamps are used for illuminating vehicles. The lighting system in a vehicle consists of different lighting and signalling devices which are integrated.
Car lights are used on the front, back, and top, and sides of the vehicle. The auto bulbs give an indication of the car’s presence, position, size, direction of travel, and intentions of the driver regarding the speed and direction of travel.
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These lights are used for driving the vehicle safely in the dark. The improve the visibility and act as warning signals.
Due to the rising demand in automotive vehicles, the Automotive Lighting Market has many opportunities. The lights give an aesthetic look to the exterior and interior of the vehicle.
Scope & Regional Forecast of the Automotive Lighting Market
Increase in automobile production, growing population, and concerns about vehicle safety will augment the need for the auto lighting system.
Xenon and LED are the lighting technologies which are used presently. LED will record the highest growth during the forecast period.
This is due to its good capabilities and flexibility in the use of the car light lamp. It is very versatile and can be used with other technologies.
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Asia Pacific dominates the market. India, China, Japan, and South Korea offer growth opportunities for the automotive lighting solutions.
This is followed by Europe and North America. Changing consumer lifestyles, rising population, high vehicle production volume, and growing economy are the factors responsible for the growth of the industry.
Advanced technologies like Advance Front Lighting System and Day Running Lights will boost the growth of the market. The growing number of vehicles in BRIC nations creates opportunities for the automotive lights.
Segmentations & Key Players Involved in the Automotive Lighting Market
- Application- Passenger Vehicle and Commercial Vehicle.
- Region- Asia-Pacific, North America, Europe, South America, and Middle East & Africa.
Some of the key players involved in the Automotive Lighting Market are as follows:
- Magneti Marelli
- Stanley Electric
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