 |
Automotive Lighting Market
The automobile industry is one of the most visible and significant contributors to GDP growth in some of the biggest and fastest-growing economies. The Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that the global automobile market is growing by more than 30% annually. Automotive vehicle sales increased globally in 2016 from 89.7 million units in 2015 to 93.9 million units. The Automotive Lighting Market is expanding as automotive vehicle sales rise. The lighting not only illuminates the road for the driver but also makes the position of the vehicle visible to other drivers and pedestrians. Additionally, lighting systems improve the appearance of the car on the inside and outside.
The
main purpose of Automotive
Lighting Market is
to provide illumination and make it possible for the driver to safely operate
the vehicle after dark. Additionally, automobile illumination makes the
presence, location, size, speed, and direction of the vehicle visible to other
road users.
Three different sets of lights on the car, each serving a different safety function, are referred to as the automotive lighting design. The first is the headlight, which enables nighttime vision. The turn indicators, which alert other vehicles when you want to turn, are the second.
Plants, works,
instruments, and assets used or helpful in connection with supplying lighting,
as well as necessary supplies and system accessories, are referred to as the
"lighting system" or "system."
The
main purpose of automotive lighting is to provide illumination and make it
possible for the driver to safely operate the vehicle after dark. Additionally,
automobile illumination makes the presence, location, size, speed, and
direction of the vehicle visible to other road users. Technology-based segments
of the worldwide Automotive Lighting Market include halogen, xenon/HID, and LED. The
expanding demand for vehicles, increased safety concerns, rising desire for
cutting-edge technologies, and strong consumer spending power are the key
factors driving the expansion in automotive lighting. The automotive lighting
market's major trends include advanced technology like adaptive lighting
systems and comfort technologies, such as ambient lighting.
Key Players
The global market for automotive lighting systems is quite fragmented, with both local and international players present. General Electric, Magneti Marelli S.P.A., Koito Manufacturing Co. Ltd., Valeo, Hella KGaA Hueck & Co., Stanley Electric Co., Ltd., Ichikoh Industries Ltd., Osram GmbH, Lumax Industries Zizala Lichtsysteme GmbH, and Koninklijke Philips N. are significant market participants in the global automotive lighting market.
Comments
Post a Comment