Dallas, Texas (PRWEB) May 14, 2013

In any automobile, lighting is a very essential component. With continuous developments in LED and adaptive lighting technologies, many automotive manufacturers have ended up lowering the level of energy consumption in various lighting units as well as enhanced the safety aspect of the vehicle by providing improved visibility. The primary purpose of lighting in vehicle is to provide visibility for the driver under darkness and bad weather conditions and to intimate the vehicle presence, position, and size to other pedestrians and motorists on the road. Other than these purposes, lighting is also installed inside vehicles to increase the look of vehicles interior, which has become a major part of attraction mainly in passenger cars. The three major technologies used in automotive lighting are halogen, xenon/HID, and LED of which halogen is the most widely used technology.

The report Automotive Lighting Market: By Position (Front, Rear, Side, & Interior), Technology (Halogen, Xenon/HID, & LED), Vehicle Type, & Geography Global Trends & Forecast To 2018 segments the market based on lighting position (front, rear, side, and interior); technology (halogen, xenon/HID, and LED); vehicle type (passenger cars, light & commercial vehicles, and two wheelers); and geography (Asia-Pacific, Europe, North America, and ROW) and provides market forecast in terms of revenue ($ million) for aforesaid segments.

The global automotive lighting market revenue is estimated to reach $ 25.36 billion by 2018. Major factors responsible for the growth of the automotive lighting market include the increasing concern towards road safety, lighting legislations set-up by the respective governments, and higher efficiency of LED automotive lighting technology. Also, the increasing purchasing power of consumers has given rise to the demand for advanced and sophisticated technologies such advanced front lighting system (AFS) and daylight running lights (DRLs). Increasing vehicle production in the BRIC nations would serve as a potential market for automotive lighting in the coming years. The key concerns in the industry pertain to the high cost of LED lighting technology and the high R&D costs involved in developing such advanced technologies.

The report classifies and defines the revenue for automotive lighting industry. It covers qualitative data about the lighting technologies used in vehicles. The report also provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key burning issues in the automotive lighting market. Key players in the industry are profiled in detail with their recent developments. Some of these include Koito (Japan), Valeo (France), Hella (Germany), Magneti Marelli (Italy), and Stanley Electric (japan).

Increasing Preference Of LED Lighting Technology In Automotive

The advancements in automotive lighting technologies have led to several modifications mainly in the passenger car segment. With the development of LED lighting technology the market witnessed a good rate of installation in the premium segment of passenger cars mainly in the tail lamps, front DRLs, and vehicle interior. Currently, LED technology is also used in front head lamps as well.

Owing to improved driving visibility, higher efficiency, longer life span, high resistance to vibration, smaller packaging level, and flexibility to make lighting units of different shapes and sizes; the usage of LED lighting in the automotive industry increased to a great extent and is further expected to grow at a promising rate in coming years. Apart from passenger cars, even two wheeler manufacturers have started including LED technology in their blinkers and tail lamp units.

Scope Of The Report – http://www.reportsnreports.com/reports/243578-automotive-lighting-market-by-position-front-rear-side-interior-technology-halogen-xenon-hid-led-vehicle-type-geography-global-trends-forecast-to-2018.html

The global automotive lighting market is analyzed in terms of revenue ($ million) for the aforesaid technologies, positions, and vehicle types by regions and respective major countries.

By Geography