Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Perimeter Lighting System Market Resear
Automotive Perimeter Lighting System Market 2018
Automotive Perimeter Lighting System Market Share, Size, Trends, And Business Opportunity
Analysis Report 2018 include historic data, with forecast data to 2023. Automotive Perimeter
Lighting System Market report is helpful for future strategy development, and to know about
Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key
players forecast to 2023
Global Automotive Perimeter Lighting System Market Information Report by Type (LED Lights,
Halo rings, Fluorescent bulbs & Others), Material (Plastic, Glass, fiber & others), Application (PC,
LCV, HCV and Electric Vehicle) and Regions– Forecast To 2023
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Market Synopsis
The automotive perimeter lighting system consists of indicating and lighting appliances
integrated to the front, back, top & side of the vehicle. Automotive perimeter lighting system
helps increase the visibility of the vehicle, position, size & direction of travel.
Innovation in LED lighting technologies & increase in demand for safety & convenience are the
driving factors of the global automotive perimeter lighting system. Integrated styling of LED
lights is the major driving factor for automotive perimeter lighting systems due to energy
efficiency & low maintenance. The key factor that drives the growth of the market is the compact
design as perimeter lights require less space than ordinary light. Growing awareness regarding
concerns about environment and the rise in demand for energy efficient perimeter lighting
systems will drive the market. Stringent government regulations regarding safety is the major
factor driving the global automotive perimeter lighting system market. Integrated design,
accurate structure and safety lighting are the key factors that increase the demand for
automotive perimeter lighting systems. However, high prices of components such as brass and
ceramic used in perimeter lighting will hinder the global automotive perimeter lighting system
market. There is a rising trend of sequential turn signals & LED notifications into left & right
panels, which eventually increases the growth of the automotive perimeter lighting system.
Regional Analysis:
Geographically, the global automotive perimeter lighting system market has been segmented
into four major regions of North America, Europe, Asia-Pacific, and Rest of the World. Amongst
all regions, Europe is expected to dominate the growth of the market during the forecast period
followed by the Asia-Pacific. Increase in demand for passenger and commercial vehicles in
China and India with fuel-efficient systems, will drive the growth of the market. Countries such a
South Korea and Taiwan have strict regulations and are adopting Europe’s emission norms to
cut down the emissions from the vehicles..