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Global Automotive Perimeter Lighting Market 2018-2023: Growing Demand for Innovations in Lighting Technologies - Illuminates an Opportunity - ResearchAndMarkets.com

17 December 2018

DUBLIN--(BUSINESS WIRE)-- The "Global Automotive Perimeter Lighting Market - Segmentation by Vehicle Type (Passenger Car, Commercial Vehicle), Sales Channel (OEM, Aftermarket) and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The growing demand for innovations in lighting technologies and improving safety and comfort is driving this market.

People are making their vehicle fancier by adding perimeter lighting at free spaces. One of the latest in this market is the integration of sequential LED turn signal and LED notification of vehicles lighting system to the left, and right door panels are trending in the market.

However, there are few challenges in this market such as durability and cost of raw material. The growing cost of raw materials used in vehicle lighting, especially in LED and other advanced technologies can restrict the growth of the market.

At present, manufacturers are replacing halogen lights with LED lights because of their energy-efficiency, and they require lesser maintenance than halogen and Xenon lights. Manufacturers use this to decreases the total power consumption in comparison with halogen lights. To reduce production and maintenance costs, vehicle manufacturers increase their incorporation of LED lights for automotive lighting applications.

Major Market Developments

  • FIAT introduced all-turbo 500 lineup for 2018. The 2018 Fiat 500L have an improved center console, additional USB port, LED interior ambient lighting and other interior upgrades.

The Major Players

  • Gentex
  • Koito Manufacturing
  • Magna International
  • Samvardhana Motherson Group
  • Setina Manufacturing

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Automotive Perimeter Lighting Market - Regional Analysis

7. Automotive Perimeter Lighting Market - Competitive Landscape

8. Automotive Perimeter Lighting Market - Companies Profiled

  • Gentex
  • HELLA
  • Koito Manufacturing
  • Magna International
  • Samvardhana Motherson Group
  • Feniex
  • Setina Manufacturing

For more information about this report visit https://www.researchandmarkets.com/research/xn9scq/global_automotive?w=4