On the basis of lighting applications, the market is segmented into rear lighting, front lighting, interior lighting
and side lighting. The technology is segmented into LED, halogen and xenon. Based on vehicle type, the market
is segmented into commercial vehicles and passenger vehicles. Based on product sale, the market is segmented
in aftermarket product and OEM product. The geographical segmentation of automotive lighting include North
America ( U.S. , Canada, Mexico) , Europe (Germany , UK , France , Italy) , Asia Pacific (China, India, Japan), RoW
( Brazil, Russia), Latin America and Middle East Africa. The global automotive lighting market is an excessively
fragmented market with the presence of many regional and global local vendors. The global automotive lighting
market is very dependent on automobile sales and the growth driven by the increase in automotive production.
The market has seen constant innovations and development of new products, which in turn resulted in an
excessive competitive environment for the manufacturers of the automotive lighting.
The key players of the global automotive lighting market include Ichikoh Industries Ltd., General Electric (GE),
Koninklijke Philips N, Koito Manufacturing Co. Ltd, Magneti Marelli S.P.A, Valeo, Stanley Electric Co., Hella KGaA
Hueck & Co., Ltd., Zizala Lichtsysteme GmbH, Osram GmbH, Hyundai Mobis, Royal Philips Electronics. The global
automotive market is expected to grow at a CAGR 8% during the forecast period which can result to be profitable
for the global automotive lighting market also. Ambient lighting is one application where lighting is strategically
placed in the vehicle to create an experience and induce a psychologically pleasing effect.
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Headlamps, DRL, auxillary lights, off road lights, compact lights, dome lights, instrument display lights, fog lights
and taillights are the popular segments in the global automotive lighting market attracting automotive designers
with their unique and stylish looks. In the upcoming years the use of LED lighting is expected to cover of the
total market soon in the upcoming years. Broadly automotive lighting market is segmented as Interior lighting
and exterior lighting during the year 2015, the exterior lighting segment had dominated the global automotive
lighting market, with a very high market share. Exterior lighting plays a very important role in ensuring safety
and with more manufacturers focusing on the safety aspect demand for exterior lighting is expected to rise in
the next seven years.
The growth in the Asia Pacific region is driven by India and China, which are the largest markets for automotive
production in the Asia Pacific region. The Asia Pacific region is a hub for automotive components due to
improved infrastructure, preferences and changing lifestyles, government initiatives, and overall reduction in
vehicle production costs. There is a high growth in the number of vehicles in the BRIC nations which further
creates large opportunity for the growth of automotive lighting market during the forecast period. Purchasing
power is increasing which in turn is increasing the demand for advanced and sophisticated technologies which
include advance front light system (AFS) and daylight running lights system (DRL). Automotive lighting indicates