Lighting Market for ICE & EVs By Technology (Halogen, LED, Xenon), Position (Front, Side, Rear, Interior), Application, Adaptive Lighting & Region – Forecast to 2022 – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Lighting
Market for ICE & EVs By Technology (Halogen, LED, Xenon), Position
(Front, Side, Rear, Interior), Application, Adaptive Lighting & Region –
Forecast to 2022Re” report to their offering.

The Lighting Market for Automotive, By Value, is Projected to Grow at a
CAGR of 6.80% from 2017 to 2022, to Reach USD 29.97 Billion By 2022

Increase in vehicle production and lighting applications to upsurge the
lighting demand in automotive industry

In addition to growing vehicle demand and increasing lighting
applications, factors such as safety regulations and rising demand for
comfort and luxury are expected to fuel the demand for advanced
technologies such as adaptive lighting systems. The major factors
hindering the growth of the Lighting market for Automotive are the high
cost involved in R&D and fluctuating prices of raw materials.

The market for front LED technology, by value, is projected to grow at
the highest CAGR during the forecast period from 2017 to 2022. This
growth can be attributed to the benefits offered by LED technology, such
as energy efficiency, low power consumption, lightweight, and
flexibility. These benefits help to minimize the design constraints as
compared to halogen lamps.

The technology is estimated to lead the front lighting segment with
applications such as Daytime Running Lamp (DRL), and projector headlamps
as well as interior lighting segment where its applications are
dashboard, glovebox, reading, dome, and rear view mirror lights.

The front adaptive lighting market is expected to be the largest and
fastest growing segment in the Lighting market for Automotive, by
adaptive lighting. This growth can be attributed to stringent safety
regulations in Europe and increased adoption of adaptive lighting
features in premium cars in the Asia-Oceania region.

Asia-Oceania region to dominate the market growth.

Market Dynamics

Drivers

• Lighting Regulations for Better Visual And Safety
• Increased Demand for Premium Segment Vehicles to Drive the Demand for
  Advanced Lighting Solutions

Restraints

• Heavy Investment in R&D & Complex Lighting System Hindering the Growth
  of Lighting Market
• Fluctuating Prices of Raw Materials
• High Cost of Led Lights Or Modules

Opportunities

• Major Automobile Oems Partnering With Lighting System Manufacturers

Challenges

• Evolution of New Applications

Companies Mentioned

• AGM Automotive
• Autolite
• Federal Mogul Corporation
• Flex-N-Gate
• General Electric Company
• Gentex
• Grupu Antolin
• Hella Kgaa Hueck & Co.
• Hyundai Mobis
• Ichikoh Industries Ltd.
• Koito Manufacturing Co. Ltd.
• Koninklijke Philips N.V.
• Lumax
• Lumileds
• Magneti Marelli
• Minda Industries Limited
• North American Lighting
• Osram Gmbh
• Robert Bosch Gmbh
• Samvardhana Motherson Group
• Stanley Electric Co. Ltd.
• Tyc Genera
• Valeo S.A.
• Varroc Lighting
• Zizala Lichtsysteme Gmbh

For more information about this report visit https://www.researchandmarkets.com/research/t5d5xs/lighting_market

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Related
Topics: Electric
and Hybrid Vehicles, Lighting
Equipment