DUBLIN--(BUSINESS WIRE)--The "Automotive Exterior Lighting System Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global automotive exterior lighting system market is estimated to reach revenues of more than $43 billion by 2023, growing at a CAGR of approximately 6% during 2017-2023.
The market research report offers market size analysis in terms of unit shipment values during the forecast period.
The extensive price-wars among APAC manufacturers are encouraging them to expand their business in the North American and European market to attract new consumers. The growing adoption of automotive sensors and the use of energy efficient lightings such as LED and OLED will boost sales in the global market.
The global automotive exterior lighting system market is driven by the increasing implementation of powertrain, infotainment, connected vehicles, safety systems, and electronics. The increasing investments in engine downsizing that reduce the weight of the vehicles will augment the growth of the global market. The market research report provides in-depth market analysis and segmental analysis of the global automotive exterior lighting system market by product type, vehicle type, end-users, and geography.
Market Dynamics
Market Growth Enablers
- Increasing sales of luxury cars fueling demand for new-generation automotive lighting
- Growing adoption of LED lights
- Advancements in ADAS promoting new generation of smart lights
- Rising demand for EVs to boost LED adoption
Market Growth Restraints
- Increasing labor costs in APAC
- Stringent regulations to phase out old lighting technologies
- Increasing cost pressure on manufacturers
Market Opportunities & Trends
- Rapid advancements in automotive LED lighting technology
- Increasing adoption of OLED lighting technology
- Introduction of laser light technology
The major vendors in the global market are:
- KOITO MANUFACTURING
- Magneti Marelli
- Valeo
- Hella
-
OSRAM
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
5 Report Assumptions & Caveats
6 Market at a Glance
7 Introduction
8 Market Dynamics
9 Value Chain Analysis
10 Market Landscape
11 Global Automotive Exterior Lighting System Market by Product
12 Global Automotive Exterior Lighting System Market by End-User
13 Global Automotive Exterior Lighting System Market by Vehicle
14 Global Automotive Exterior Lighting System Market by Geographic Segmentation
15 APAC: Automotive Exterior Lighting System Market
16 Europe: Automotive Exterior Lighting System Market
17 North America: Automotive Exterior Lighting System Market
18 Latin America: Automotive Exterior Lighting System Market
19 MEA: Automotive Exterior Lighting System Market
20 Competitive Landscape
21 Key Company profiles
- Koito Manufacturing
- Magneti Marelli
- Valeo
- Hella
-
OSRAM
22 Other Prominent Vendors
- Stanley Electric
- Magna International
- Federal-Mogul
- Johnson Electric Holdings
- Robert Bosch
- Infineon Technologies
- Panasonic
- Samvardhana Motherson Group
- Flex-N-Gate
- Grupo Antolin
- Flextronics International
- Gentex Corporation
- Phoenix Lamps Division
For more information about this report visit https://www.researchandmarkets.com/research/mjqqn7/43_bn_automotive?w=4
