Global On-highway Vehicle Lighting Market Analysis Report 2018-2025 By Vehicle Type (Passenger Cars, Buses), By Application (Headlights, Interior Lights), By Product Type (LED, Laser) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--The “On-highway Vehicle Lighting Market Analysis Report By Vehicle Type (Passenger Cars, Buses), By Application (Headlights, Interior Lights), By Product Type (LED, Laser), By Region, And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The global on-highway vehicle lighting market size is expected to reach USD 42.03 billion by 2025, exhibiting a 5.4% CAGR during the forecast period.
Government regulations for improved visibility and increasing penetration of energy-efficient light sources have bolstered the market growth. Increasing adoption of LED lamps and growing emphasis on technological innovations are estimated drive the market further. Automobile manufacturers are increasingly adoption energy-efficient and more advanced lighting technologies, such as LASER and Light-Emitting Diode (LED).
LED lamps are more energy-efficient, durable, and have the higher operational life span (over 50,000 hours) than other sources, such as incandescent, xenon, and halogen bulbs. Thus, longer lifespan and low energy consumption would drive the demand for LED lights in the coming years. Companies such as Koito Manufacturing Co. Ltd., Stanley Electric, Hella KGaA Hueck & Co., and Magneti Marelli S.p.A provide LED lights in different shapes for a number of automotive applications.
Asia Pacific is expected to be the dominant regional market over the forecast period owing to the rapidly growing automotive sector. Moreover, stringent regulations by local governments regarding the use of energy-efficient lighting sources are also likely to open up new growth opportunities for the companies.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Definitions
Chapter 4 Industry Outlook
Chapter 5 On-highway Vehicle Lighting Market: Product Segment Analysis
Chapter 6 On-Highway Vehicle Lighting Market: Application Segment Analysis
Chapter 7 On-Highway Vehicle Lighting Market: Vehicle Type Segment Analysis
Chapter 8 On-Highway Vehicle Lighting Market: Regional Outlook
Chapter 9 Company ProfilesKoito Manufacturing Koninklijke Philips N.V. Magneti Marelli S.p.A. Zizala Lichtsysteme GmbH (LG Electronics) TYC Genera Spyder Auto Maxxima Optronics International LLC Valeo S.A.
For more information about this report visit https://www.researchandmarkets.com/research/xb3vmm/global_onhighway?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181107005446/en/
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SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/07/2018 06:32 AM/DISC: 11/07/2018 06:32 AM