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Home>Global Automotive Lighting Market 2017-2021: By Technology & Application - Research and Markets

Global Automotive Lighting Market 2017-2021: By Technology & Application - Research and Markets

Global Automotive Lighting Market 2017-2021: By Technology & Application - Research and Markets

10/03/2017

Global Automotive Lighting Market 2017-2021: By Technology & Application - Research and Markets

The "Global Automotive Lighting Market 2017-2021" report has been added to Research and Markets' offering.

The global automotive lighting market is forecast to grow at a CAGR of 4.62% during the period 2017-2021.

The report, Global Automotive Lighting Market 2017-2021, 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.

The latest trend gaining momentum in the market is the decline in time gap between introduction of each new lighting technology. Looking onto the introduction timeline of automotive headlight systems, we are finding a trend of gradually dropping time gap between the introduction of each new lighting technology. This trend is, in turn, setting very short time to market (TTM) option for OEMs and suppliers, which can impact the product strategies for the entire value chain. Continuing the trend, we expect the next automotive headlight technology to be introduced anytime between 2018 and 2020.

One of the major drivers for this market is the increasing adoption of ambient lighting in mid-premium and entry-level vehicles. Ambient lighting is the interior lighting, which enhances the cabin appearance, especially during night time. It provides a stylish atmosphere inside automobiles. This concept was introduced in luxury vehicles in 2007 and has expanded to mid-prime and economical models ever since. The number of aftermarket vendors in the ambient lighting market is increasing owing to the consumer preference for better interior lighting.

Key vendors

  • Hella
  • KOITO
  • Magneti Marelli
  • OSRAM
  • Valeo

Key Topics Covered:

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