Market Research Report Global Automotive Lighting Market Report 2018

Analysis of Global Automotive Lighting Market Report
2018-2022
A new report released by Businessindustryreports.com titled
“Global Automotive Lighting Market 2018” that targets and
provides comprehensive market analysis with future
prospects to 2022. The Automotive Lighting Market report
broadly provides the in-depth study of market growth,
trends, share, industry overview, size and top players.
Global Automotive Lighting Market Overview:
According to market analysts, Global Automotive Lighting Market is projected to grow at a high
CAGR value from 2018 to 2022.
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The Automotive Lighting Market is driven by the development of lighting solutions by various
manufacturers such as adaptive front and rear lighting, and dynamic bend lighting systems.
Increasing demand from OEMs for advanced LEDs and laser-based light modules to improve the
vehicle safety parameters and providing aesthetic looks to the vehicles further contribute to the
industry demand.
The Automotive Lighting Market is segmented based on Position, Vehicle Type, Technology and
Region. On the basis of Position, the market is sub-segmented into Front, Rear, Side and Interior. The
front market is expected to showcase the largest market with halogen as the predominant
technology in this position.
In terms of lighting technology, the market is sub-segmented into Halogen/incandescent,
Xenon/HID, and LED. The LED segment is projected to grow at the fastest rate during the forecast
period.
Regionally, China and India together contribute 35% of the global vehicle production and
approximately 34% of the global passenger car production. Due to this, Asia-Oceania is estimated to
be the largest and fastest growing market for automotive lighting.
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