Lighting plays an important role in automobiles to provide illumination to the driver. In addition, the lighting systems also help other drivers and pedestrians on the road to recognize the position, direction of movement and size of the vehicle. The lighting is mounted on interior & exterior parts of the vehicle an aesthetic appearance while increasing the visibility of the vehicles including lighting and signaling equipment. These lighting kits are mounted in various places on the vehicle, for instance on front, rear and interior. Traditionally, halogen has been the most widely used lighting technology as a low-cost and readily available technology, and this also includes xenon and LED as other prominent lighting technologies. Increasing concerns about road safety and lighting legislation are the main factors driving the demand for lighting equipment.
Referring
to the study, Global
Automotive Lamp Industry Research Report 2021 Segmented by Major Market
Players, Types, Applications and Countries Forecast to 2027. Some of
the key companies operating in the global automotive lamp market include
Draexlmaier Group (Germany), Lear (USA), Magneti Marelli (Italy), Aster
(Japan), Lumax Industries (India), FBK (Japan) and among others. Manufacturers
are trying to improve the efficiency of automotive and industrial lighting
solutions. Many manufacturers who rely on energy-efficient electronics in cars
now rely on LED car lights. LEDs have a high-tech look and longer lifespan,
which is why they are becoming increasingly popular with manufacturers. Some
companies make LED headlights with a flexible light source.
By
types, automotive lamp market can be segmented as back up lamp, headlight,
cornering light lens, tail light and others. In addition, by application,
market can be segmented as commercial vehicles and passenger cars. Passenger
cars segment dominates the global market owing to rise in income and lifestyle
of the population.
Increase
in lighting regulations for better visibility and safety, followed by rise in
demand for premium segment vehicles, increase in purchasing power of customers and
high demand for adaptive lighting are some major factors, which are responsible
for growth of the automotive lamp market. Apart from this, low penetration of
advanced lighting in hatchback, entry-level SUV & compact sedan and high
cost of LED lights may impact the market. Moreover, Evolution of new
technologies along with partnership between automotive OEMs and lighting system
manufacturers are leading opportunities for global market. In addition, laser
lighting is also an emerging trend in the automotive industry as it is smaller
and almost four times brighter than an LED.
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Based
on regional analysis, the North-America is a leading region in global automotive
lamp market owing to rise in usage of lighting on vehicles, growth in
technological advancements and increase in passenger car sales across the
region. The Asia-Pacific and Europe regions are estimated to witness higher
growth rate due to existence of automotive lighting giants and increase in
passenger car demand over the forecast period. It is projected that future of
the global automotive lamp market will be optimistic on account of presence of
automotive vehicle manufacturers
For More Information, refer
to below link:-
Global
Automotive Lamp Market Size
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