Automotive Lighting Industry is Reaching New Heights in India

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Opportunity Analysis and Industry Forecast,
2016-2023
India Automotive Lighting Market
Global Opportunity Analysis and Industry
Forecast, 2014-2022
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Automotive Lighting Market

• Lighting is a vital component in automotive
  vehicles, playing an important role in automotive
  safety. The vehicle consists of different lights
  to increase the visibility in darkness and bad
  weather conditions along with the increase in
  conspicuity.
• The lighting system comprises lighting and
  signaling devices, which are placed at different
  locations such as front, rear, side, and
  interiors.
• Lighting provides illumination for the driver and
  helps other vehicle drivers and pedestrians on
  the road to detect the vehicles position,
  direction of movement, and size. It also enhances
  the aesthetic looks to both interior and exterior
  parts of the vehicle.
• With respect to lighting technology, the market
  is segmented into halogen, xenon, and LED.
  Traditionally, halogen, being a low cost and
  easily available technology, was the majorly used
  lighting technology.

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Automotive Lighting Market Overview

• The India automotive lighting industry witnesses
  a steady growth on account of the growing
  automotive production and increasing emphasis on
  vehicle safety and government regulations
  regarding automotive lighting systems.
• Halogen accounted for the highest revenue
  generation in 2014, and is expected to continue
  to dominate throughout 2022.
• Based on the sales channel type, the market is
  segmented into OEM product and aftermarket
  product. OEM market led by contributing 54 of
  total revenue in 2014, and is projected to grow
  at a CAGR of 5.7.
• The India automotive lighting industry witnesses
  a steady growth on account of the growing
  automotive production and increasing emphasis on
  vehicle safety and government regulations
  regarding automotive lighting systems.
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Automotive Lighting Market Key Benefits

• The study provides an in-depth analysis of the
  India automotive lighting market, with current
  trends and future estimations to elucidate the
  imminent investment pockets.
• The report provides information regarding key
  drivers, restraints, and opportunities with an
  impact analysis.
• Porters five forces and SWOT analysis of key
  market players highlight the growth strategies
  adopted by them.
• The value chain analysis signifies the key
  intermediaries involved and elaborates their
  roles and value additions at every stage.
• The quantitative analysis of the market from 2014
  to 2022 is provided to elaborate the market
  potential.

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Automotive Lighting Market Key Findings

• The India automotive lighting market is
  anticipated to witness steady growth during the
  forecast period, owing to rising concerns
  regarding road safety and growing automobile
  production.
• Halogen technology is expected to continue its
  dominance due to its cost-effectiveness.
• Passenger vehicles are anticipated create more
  demand for automotive lighting products compared
  to commercial vehicles during the forecast
  period.
• Market players may launch innovative featured
  products to achieve a competitive edge on their
  rivals.
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Automotive Lighting Market Key Segment
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Automotive Lighting Market Key Players

• Koninklijke Philips N.V.,
• Phoenix Lamps Limited
• Lumax Industries Limited
• Osram Licht AG
• GE Lighting

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Automotive Lighting Market by Region
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Automotive Lighting Market
Key reasons that boost the Indian automotive
lighting market are the technological
advancements and increasing purchasing power.
Based on vehicle type, the market is classified
into passenger vehicles, commercial vehicles,
two-wheelers, three-wheelers, and tractors.
Passenger vehicles is estimated to be the largest
vehicle type segment for automotive lighting. The
demand for aesthetic lighting features is
expected to support the demand for lights in
compact cars as well as SUVs. The segment
constituted nearly 45 of revenue in
2014. Nilesh Rajput
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