Automotive Lighting Market to 2018 – Innovation in LED Technology is One of the Major Trends Says a New Research Report at Sandlerresearch.org

Dallas, Texas (PRWEB) November 01, 2014

One of the major trends in the market is the innovation in LED technology, which is becoming more attractive as OLEDs are introduced in the market, which reduces the cost of production of LEDs, making them a feasible option.

Analysts forecast the Global Automotive Lighting market to grow at a CAGR of 7.53 percent over the period 2013-2018. According to the report, one of the major drivers of this market is the increased automotive production and sales. The growth of the market is directly dependent on the manufacture and sales of automobiles, which have been witnessing good growth since the recovery from the global recession.

Automotive lighting, an indispensable component of automobiles is vital to passenger safety, comfort, and styling. It includes lighting and signaling devices fitted on the exterior and interior of the vehicle. While the primary use of automotive lighting is to provide visibility to the driver, improve vehicle conspicuity and alert the presence and position of the vehicle to others, it has established ground in the aesthetics of the vehicle. There have been constant developments in the Automotive Lighting market that deals with technological advancements, enhancement of safety, and lowering of energy consumption of the lighting units. The market is heavily reliant on demand in the Automotive industry. With the automotive industry set to witness strong growth, the Automotive Lighting market will grow significantly in terms of value and volume.

Covered in this Report:

The Global Automotive Lighting market can be segmented into five divisions: Headlamps, Side Lamps, Rear Lamps, Fog Lamps, and Interior Lamps.

The Global Automotive Lighting Market 2014-2018 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, North America, and the ROW; it also covers the Global Automotive Lighting market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Order a copy of this report at (Prices start at US $ 2500 for a single user PDF) http://www.sandlerresearch.org/purchase?rname=26231.

The report recognizes the following companies as the key players in the Global Automotive Lighting Market: Hella Kgaa Hueck and Co., Koito Manufacturing Co. Ltd., Magneti MareIli SpA and Valeo SA.

Other Prominent Vendors in the market are: Changzhou Jiadun Lighting, Depo Auto Parts, Ichikoh Industries, Samlip, Stanley Electric, TAYIH Industrial, TYC Genera, Visteon, and Zizala Lichtsysteme.

Market Driver

    Increased Automotive Production and Sales
    For a full, detailed list, view our report
Market Trend

    Innovation in LED Technology
    For a full, detailed list, view our report

Further, the report states that one major challenge in the market is the phasing out of incandescent and halogen lights. Countries worldwide are banning the manufacture and sales of halogen and incandescent lamps because of their energy inefficiency.

Major Points from Table of Contents:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Overview of Global Lighting Market

07. Market Landscape

08. Market Segmentation by Application

09. Market Segmentation by Technology

10. Geographical Segmentation

11. Key Leading Countries

12. Buying Criteria

13. Market Growth Drivers

14. Drivers and their Impact

15. Market Challenges

16. Impact of Drivers and Challenges

17. Market Trends

18. Trends and their Impact

19. Vendor Landscape

20. Key Vendor Analysis

21. Other Prominent Vendors

22. Other Reports in this Series

53 – List of Exhibits

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About US:

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