Automotive Lighting Market will Exhibit a Steady 6.0% CAGR through 2029

1
Automotive Lighting Market

• April 2020

Report Id REP-GB-621 Published On
July-2019 Category Automotive Transportation
2
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
deliver a complete packaged solution, which
combines current market intelligence, statistical
anecdotes, technology inputs, valuable growth
insights, aerial view of the competitive
framework, and future market trends. We provide
research services at a global as well as regional
level key regions include GCC, ASEAN,
and BRIC. Our offerings cover a broad spectrum of
industries including Chemicals, Materials,
Energy, Technology, Healthcare, and Retail. We
have a global presence with delivery centers
across India specializing in providing global
research reports and country research reports.
FMI is headquartered out of London, U.K., with a
state-of-the-art delivery center located in Pune,
India. We combine our knowledge and learning from
every corner of the world to distill it to one
thing the perfect solution for our client.
Research Capabilities
Sector Coverage

• Customized Research
• Syndicated Research
• Investment Research
• Social Media Research

• Automotive and Transportation
• Electronics, Semiconductor, and ICT
• Retail and Consumer Products
• Industrial Automation and Equipment

• Chemicals Materials
• Food and Beverages
• Services and Utilities
• Energy, Mining, Oil, and Gas

Subscription Information

For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)

• Identifying key opinion leaders
• Questionnaire design
• In-depth interviews
• Coverage across value chain

• Key industry experts
• Channel study
• Developments
• Market dynamics
• Products
• Conclusions

SOLUTION

• Market participants
• Key strengths
• Product portfolio
• Mapping as per value chain
• Key focus segments

Primary Research
Secondary Research
Paid Publications

• Linkedin
• Zoominfo
• Salesforce
• Avention

• Factiva
• GBI
• Genios
• Meltwater

• Company websites
• Company annual reports
• White papers
• Financial reports

includes sources of databases
4
Automotive Lighting Market Analysis

• In a recent publication, Future Market Insights
  (FMI) provides a perspective on the growth
  trajectory of automotive lighting market for the
  period between 2019 and 2029. According to the
  study, worldwide sales of automotive lighting
  reached 2 billion units, equating a value of
  US 36.5 billion in 2018.
• Gains remain driven by growing popularity of
  luxury cars and high purchasing power of middle
  class demographic in developing countries that
  increased the sales of passenger cars. In the
  view of rapid industrialization and expansion of
  construction industry, LCVs and HCVs have
  witnessed increasing sales in recent years, which
  worked in tandem with growing demand for
  automotive lighting.
• However, an increase in penetration of
  counterfeit products, especially in developing
  economies, is likely to represent as a threat to
  consumer safety as well as to the growth of the
  market, according to FMIs findings.

5
Automotive Lighting Market Analysis

• LED Lights over HID and Halogen Lights - The
  Shift is Underway
• According to the study, the automotive lighting
  market is likely to grow at a CAGR of 6 over
  the predefined timeframe. Technological research
  and developments around automotive lighting are
  centered on better performance, improved safety,
  and innovative designs.
• Although HID and halogen lights are still in use
  in most vehicles as they are relatively
  inexpensive and easy to replace, LED and OLED
  lights are increasingly becoming a standard in
  newer models, especially in premium cars.
  Considering the consumption of less power,
  increased efficiency and longer life,
  manufacturers are directing their massive
  investments in LED and OLED technologies. OEMs
  remained focused on introducing new headlamps
  technologies such as adaptive matrix headlamps,
  however several regulations set by NHTSA and IIHS
  have been making it difficult for manufacturers
  to embrace such cutting edge designs.

6
Automotive Lighting Market Analysis

• According to the study, exterior lighting
  including front headlights and rear lights
  continues to gather increasing traction,
  collectively accounting for 84 revenue share in
  2018. With growing consumers interest in
  improved in-car ambience, OEMs are placing
  their bets in the development of innovative
  interior lighting as a means of brand
  differentiation and gaining distinct competitive
  advantage.
• The study opines that automotive lighting for
  passenger cars continues to account for major
  share of the manufacturers bottom lines.
  Considering the mass urbanization and an
  increased in trade economies, market players are
  capitalizing on LCVs and HCVs which are
  increasing in demand for logistics and other
  applications. In addition, rising traffic
  congestion in developing countries has been
  driving the sales of two wheelers, thereby
  creating new opportunities for stakeholders in
  automotive lighting market.
• As per the study, Asia Pacific, particularly in
  eastern region, continues to provide high growth
  prospects for the automotive lighting market.
  Robust automobile production in the region to
  address the increasing demand along with rising
  deployment of technically-advanced systems such
  as lighting control systems and driving
  assistance in modern vehicles is likely to work
  to the advantage of automotive lighting market
  players.

7
Automotive Lighting Market Analysis

• The business asset offers an insightful outlook
  on the competitive landscape of automotive
  lighting market by analyzing new developments and
  key strategies adopted by the players. The market
  shows a fair level of consolidation, with leading
  players maintaining their focus on solid
  collaborations and acquisitions for firmer global
  footprint. Aligning with the global trend of
  customization also remains a key focus area of
  the market players.
• Press Release Source https//www.prnewswire.com/n
  ews-releases/automotive-lighting-market-is-expecte
  d-to-grow-at-a-cagr-of-5-8-during-the-forecast-per
  iod-2018-2028--300797145.html
• More from FMIs Automotive Transportation
  Market Intelligence
• Retread Tires Market 
• Commercial Vehicle Foundation Brakes Market
• Real Time Parking System Market

8
Automotive Lighting Market Analysis
About Future Market Insights (FMI) Future Market
Insights (FMI) is a leading provider of market
intelligence and consulting services, serving
clients in over 150 countries. FMI is
headquartered in London, the global financial
capital, and has delivery centers in the U.S. and
India. FMIs largest market research reports and
industry analysis help businesses navigate
challenges and take critical decisions with
confidence and clarity amidst breakneck
competition. Request for covid19 Impact
Analysis https//www.futuremarketinsights.com/cov
id19/rep-gb-621
9
Automotive Lighting Market Analysis
Contact Mr. Abhishek Budholiya Unit No AU-01-H
Gold Tower (AU), Plot No JLT-PH1-I3A, Jumeirah
Lakes Towers, Dubai, United Arab Emirates MARKET
ACCESS DMCC Initiative For Sales
Enquiries sales_at_futuremarketinsights.com For
Media Enquiries press_at_futuremarketinsights.com Fu
ture Market Insights
For more insights on the Automotive Lighting
Market,you can request a report sample with full
TOC at https//www.futuremarketinsights.com/report
s/sample/rep-gb-621
10
To know more about us, please visit our website
www.futuremarketinsights.com For sales queries
or new topics email us on sales_at_futuremarketinsi
ghts.com For media queries, contact the press
office at press_at_futuremarketinsights.com For
other queries contactHari. T (Sr. Manager -
Global Business Development) Future Market
Insights 3rd Floor,207 Regent Street, London
W1B 3HH T 44 20 7692 8790 D 44 20 3287
4268 Email hari.t_at_futuremarketinsights.com
Thank You
Future Market Insights Global Consulting
Private Limited (FMI)