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Emergence of LED Technology is Likely to Boost the Global Automotive Lighting Market to $28.6 Billion by 2019

Global Automotive Lighting Market 2014-2019: Trend, Forecast, and Opportunity Analysis

IRVING, Texas, Aug. 7, 2014 /PRNewswire-iReach/ -- Global automotive lighting market is expected to reach an estimated value of $28.6 billion by 2019. The major drivers of automotive lighting market are increasing vehicle production, concerns over the road safety, legislations by various governments related to automotive lighting, and efficiency of LED automotive lighting technology. Asia Pacific is the leading region in global automotive lighting market with strong growth in the vehicle production.

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Lucintel, a leading global management consulting and market research firm, has analyzed the global automotive lighting market by various segments and regions, and has come up with a comprehensive research report "Global Automotive Lighting Market 2014-2019: Trend, Forecast, and Opportunity Analysis." The report analyses the global automotive lighting market including the analysis of market trends, company profiles, cost structure, growth opportunities, key drivers, and emerging trend of the market. The study also includes global automotive lighting market forecasts through 2019, segmented by regions, technology, and applications as follows.

Global automotive lighting market by regions:

·         North America

·         Europe

·         Asia Pacific

·         Rest of World

Automotive lighting market by technology:

·         Halogen

·         Xenon/HID

·         LED

Automotive lighting market by applications:

·         Front Light

·         Fog Light

·         Side Light

·         Rear Light

·         Interior Light

On the basis of its comprehensive research, Lucintel forecasts that the majority of the segments of automotive lighting market will grow moderately during 2014-2019. LED segment will witness strong growth during the forecast period. Growing demand of LED technology from APAC region such as China, India and Japan is anticipated to drive the market. Introduction of new lighting applications and different vehicle design are the major drivers for the global automotive lighting market. Koito M anufacturing Co. Ltd., Magneti Marelli Holding S.p.A., Hella KGaA Hueck & Co., Stanley Electric Co., Ltd., and Valeo SA are some of the suppliers of automotive lighting products.

This 160-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at [email protected]. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. To learn more, visit www.lucintel.com

About Lucintel

Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.

Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, [email protected]

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SOURCE Lucintel

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