Automotive Perimeter Lighting System Market 2018
Automotive Perimeter Lighting System Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023
Global Automotive Perimeter Lighting System Market Information Report by Type (LED Lights, Halo rings, Fluorescent bulbs & Others), Material (Plastic, Glass, fiber & others), Application (PC, LCV, HCV and Electric Vehicle) and Regions– Forecast To 2023
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Market Synopsis
The automotive perimeter lighting system consists of indicating and lighting appliances integrated to the front, back, top & side of the vehicle. Automotive perimeter lighting system helps increase the visibility of the vehicle, position, size & direction of travel.
Innovation in LED lighting technologies & increase in demand for safety & convenience are the driving factors of the global automotive perimeter lighting system. Integrated styling of LED lights is the major driving factor for automotive perimeter lighting systems due to energy efficiency & low maintenance. The key factor that drives the growth of the market is the compact design as perimeter lights require less space than ordinary light. Growing awareness regarding concerns about environment and the rise in demand for energy efficient perimeter lighting systems will drive the market. Stringent government regulations regarding safety is the major factor driving the global automotive perimeter lighting system market. Integrated design, accurate structure and safety lighting are the key factors that increase the demand for automotive perimeter lighting systems. However, high prices of components such as brass and ceramic used in perimeter lighting will hinder the global automotive perimeter lighting system market. There is a rising trend of sequential turn signals & LED notifications into left & right panels, which eventually increases the growth of the automotive perimeter lighting system.
Regional Analysis:
Geographically, the global automotive perimeter lighting system market has been segmented into four major regions of North America, Europe, Asia-Pacific, and Rest of the World. Amongst all regions, Europe is expected to dominate the growth of the market during the forecast period followed by the Asia-Pacific. Increase in demand for passenger and commercial vehicles in China and India with fuel-efficient systems, will drive the growth of the market. Countries such a
South Korea and Taiwan have strict regulations and are adopting Europe’s emission norms to cut down the emissions from the vehicles..
The Prominent Players in The Automotive Perimeter Lighting System Market Include:
Gentex Corporation (U.S.), HELLA GmbH & Co. (Germany), KOITO MANUFACTURING CO., LTD. (Japan), Magna International Inc. (Canada), Samvardhana Motherson Group (India), Automotive Lighting (Germany), and Feniex Industries (Texas).
The report for Global Automotive Perimeter Lighting System Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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