Automotive Lighting System Market Research Report and Forecast Automotive Lighting System Market - Global Industr

Automotive Lighting System Market - Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast 2015 - 2021
The market research study analyzes the automotive lighting system market on a
global level and provides estimates in terms of revenue (USD) from 2015 to 2021. It
gives a comprehensive overview of the automotive lighting system industry from all
the important aspects of the market. It recognizes the drivers and restraints
affecting the industry and analyzes their impact over the forecast period. Moreover,
it identifies the significant opportunities for market growth in the coming years.
Lighting system in an automobile comprises of signaling and lighting devices fitted
to the front, rear, interior and the exterior sides of the vehicle. The function of
automotive lighting is to provide safety by ensuring visibility to the driver during the
night and under dark weather conditions. The lighting on the sides of the vehicles
emphasizes on the signaling feature, which assists the driver to make diversions to
the left or the right side.
View Report @ http://www.transparencymarketresearch.com/automotive-
lighting-market.html
In the recent times, there has been an increasing awareness among people relating
to automobile safety and security. In addition, stringent lighting regulations and
legislations set up by the government of various countries have shifted the focus of
automotive lighting manufacturers from obsolete inefficient automotive lamps to
smart and efficient automotive lighting. Technologies such as LED, HID/Xenon and
Halogen have brought a transition in the recent trend of automotive lighting.
Advanced front lighting system (AFS) and active intelligent lighting system (AILS) is
a certain technology that uses the navigation system of the vehicle to ensure
automatic visibility to the driver of the vehicle.
The increase in the demand for advanced automotive lighting technologies such as
LED, HID/Xenon and Halogen lamps is due to the low consumption of energy and
longevity of such lamps. Among the above mentioned technologies, Halogen lamps
are widely preferred because of its low cost and efficiency. LED and HID/Xenon
lamps are relatively expensive but much more efficient as compared to Halogen
lamps. During the forecast period, the preference of the consumers is expected to
partly shift from Halogen technology to LED and HID/Xenon, with the rising
disposable income of the people across the globe.