in improving the driver visibility, which results in increasing road traffic safety and helps to
reduce the collision. Furthermore, various advantages such as long life, energy efficiency, and
less heat generation is fuelling growth of the automotive lighting industry.
In vehicle type, passenger vehicles segment held dominant position in the global automotive
lighting system market in 2016, owing increasing sales of passenger cars, which in turn is driving
growth of the market. For instance, according to the Organisation Internationale des
Constructeurs d’Automobiles (OICA) analysis, in 2016, around 69.5 million unit of passenger cars
were sold worldwide from 66.4 million units in 2015.
Global Automotive Lighting Market Outlook – Asia Pacific holds largest market share
in the global automotive lighting market.
On the basis of geography, a global automotive lighting market is segmented into North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2016, Asia Pacific held a dominant
position in the market and is estimated to retain its dominance throughout the forecast period.
India, china, Japan are some of the major economies, which are fuelling growth of the market in
this region. India and China are the fastest emerging economies in the Asia-Pacific region, shows
the ample growth opportunities towards the development of advanced lighting sources in the
automotive industry. Moreover, the substantial growth in the automotive production in countries
such as India and China is also contributing in the growth of the market in the region. In fact,
according to the Organisation Internationale des Constructeurs d’Automobiles (OICA) analysis, in
2016, around 24.37 million units of passenger cars were sold in china up from 21.21 million units
in 2015. Moreover, 2.967 million units and 4.15 million units of passenger cars were sold in India
and Japan, respectively in 2016.
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Key Companies in Global Automotive Lighting Market
The global automotive lighting system market is a highly fragmented with presence of many
global and local vendors. Major players operating in the global automotive lighting market
include General Electric, Magneti Marelli S.P.A, Koito Manufacturing Co. Ltd, Valeo, Hella KGaA
Hueck & Co., Stanley Electric Co., Ltd., Ichikoh Industries Ltd., Osram GmbH, Lumax Industries
Zizala
Lichtsysteme
GmbH,
and
Koninklijke
Philips
N.
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