Global Trends on Automotive Lighting Market - Industry Size, Share, Segment Analysis and Forecast to 2020, Research Report by Persistence Market Research

New York, NY, February 07, 2015 --(PR.com)-- Automotive lighting is used for illumination purposes in automobile vehicles. The lighting system of automobile vehicles consists of various lighting and signaling devices, which is integrated with various parts of a motor vehicle. Automobile lighting is used in the front, back, sides and top portion of the vehicle. Automotive lighting indicates a vehicle's presence, size, position, direction of travel, and the driver's intentions regarding direction and speed of travel. Various components of automotive lighting includes auxiliary lights, headlights, taillights, sidelights, interior light, compact lights, off road lights, fog lights, dome light, key light, instrument displays light and other light accessories. These lights are used for many purposes in vehicles such as to drive the vehicle safely in the dark, enhance the visibility and act as warning signals.

Automobile manufacturers have significantly minimized energy consumption by using LED and adaptive lighting technologies. There are mainly three types of technologies used in automotive lighting such as xenon, halogen and LED. Among these, halogen is most widely used in automotive lighting.

Some factors that drive the automotive lighting market are a growing concern of road safety, increasing use of higher efficiency of LED automotive lighting technology and lighting legislations by governments. Increase in purchasing power of individuals help to increase the demand for sophisticated and advance technologies such as advance front lighting system (AFS) and daylight running lights (DRLs). A growing total number of vehicles in the BRIC nations further create a large opportunity for the growth of automotive lighting market in the coming years.

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Asia Pacific is the largest automotive lighting market across the world. India, China, Japan and South Korea are some of the prominent countries, which account for the majority of the vehicle production thus offering growth opportunity for automotive lighting market. Asia Pacific is followed by Europe and North America. High vehicle production volume, growing economy, rising population and changing consumer lifestyles are some of the reason which drive the automotive lighting market.

Some of the major companies operating in global automotive lighting market are includes, General Electric (GE), Hella Kgaa Hueck & Co., Hyundai Mobis, Ichikoh Industries Ltd, Koito Manufacturing Co., Ltd., Magneti Marelli S.P.A, Osram GMBH, Royal Philips Electronics, Stanley Electric Co. Ltd, Valeo S.A and Zizala Lichtsysteme GMBH (ZKW).

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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.