Global Automotive Lighting Systems Market is estimated to reach USD 50961.46 million

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Overview

Growing automobile production to address the increasing consumer demand is the driving factor of automotive lighting systems market. Traditionally, halogen, presence a low-cost and easily available technology, has been the majorly used in lighting technology. Halogen was earlier a conventional choice for lighting in cars and other vehicles. However, with the advent of time, other lighting technologies became more prominent. Xenon and LED are the other noticeable lighting technologies. Between, all the three technologies, LED would observe the highest growth during the forecast period. This can be attributed towards the noticeable shift towards energy-efficient technology in lighting controls. LED lighting possesses high capabilities and flexibility for use in various automotive lighting applications. These also allow room for innovation with lighting techniques and designs, as LEDs are versatile and can be incorporated with other technologies. Many technological innovations and unique products are being created using LED lighting, to cater to a vast customer base. Currently, LED lights are installed mostly in high-end vehicles due to their higher cost. However, the current research to lower their cost, would create important demand of these lights. The market estimate for automotive lighting looks promising in the given forecast period. By product type, the global automotive lighting systems market can be divided as Front Lighting System, Rear Lighting System, Interior Lighting System and Side Lighting System. The interior lighting segment in product type is likely to lead in the market of automotive lighting market and expected to grow during the forecast period. The interior lighting solutions in the automotive lighting market are gaining grip due to the implementation of enhanced lighting systems in the high-end and modern passenger cars that offer ambient and mood lighting features. Earlier, these systems were deployed in luxury cars only; however, due to the high demand, the solutions are being implemented in the passenger & commercial vehicles. The lighting solutions are utilized for providing driver safety and a clear visibility.


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