Automotive Lighting Market is anticipated to grow with a CAGR of 6.80% from the year 2018 to 2023. The increasing production of vehicles and concern for safety is increasing the automotive lighting market.
What is Automotive Lighting Market?
Automotive lighting are the signaling devices which are integrated in different parts of the vehicles like interior and exterior parts. In interior parts lights are integrated in dashboards and sidewall lights where as in exterior parts lights are integrated in headlights, fog lights, taillights, turn indicators, parking lights. This lights increases the visibility of the vehicle and for the pedestrians which also allows to know the position and speed of the vehicles.
Market Research and Market Trends of Automotive Lighting Market:
- Technological revolution in automotive lighting has led to the use of the modern LED technology with a bendable light source. By use of this technology in headlamps gives the car driver an optimal vision even on the edge of roads or with approaching vehicles offering better protection from possible accidents.
- To increase the performance of the head lights in automotive the introduction of the new technology called lase light technology which produce almost 4 times more than that of the present LED technology. This laser lights will have the longest range provided by any current headlight technology. This offers the driver improved visibility, resulting in improved road safety.
Who are the Major Players in Automotive Lighting Market?
The companies referred in the market research report includes Hella KGaA Hueck & Co., Magneti Marelli, Koito Manufacturing Co., Ltd., Stanley Electric Co., Ltd., Valeo S.A., Osram GmbH and more than 10 other companies.
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