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Global Automotive Lighting Market Worth Increase Year-on-Year and to Reach $57.0 Billion in 2025PUNE, India, May 29, 2019 /PRNewswire/ -- ReportsnReports added Global and China Automotive Lighting Industry Report, 2019-2025 in its online Research database. Global automotive lighting market was worth about $32.8 billion with a year-on-year increase of 8.6% in 2018, and the figure is predicted to reach $57.0 billion in 2025 as demand for intelligent lamps, especially automotive LED lamps picks up. The penetration of automotive LED headlamps stood at 23% in 2018, and is expected to hit around 60% in 2025, thank to declining cost and better performance of such lamps. Direct Purchase of Global Automotive Lighting Market Research Report by applying coupon code at https://www.reportsnreports.com/purchase.aspx?name=2265617 As automobiles are growing smart, intelligent automotive lamps become a megatrend first in the form of ADB (Adaptive Driving Beam) and AFS (Adaptive Front-Lighting System). Wherein, AFS installation rate has sustained steady growth over the years, up from 10.0% in 2015 to 16.8% in 2018, a figure expected to be a whopping 30% or so in 2025. Also, digital intelligent automotive lamps come to the front, being currently available to the high-class vehicle models. Examples include Digital Light Mercedes-Benz launched in 2018, Audi matrix LED intelligent headlight, and WEY LED intelligent pixel headlamp rolled out in 2019, all of which render digital technology to project light for interactions between pedestrians and vehicles, between vehicles and vehicles. In China, the Automotive Lighting Market will become ever larger with its size showing a CAGR of roughly 9% between 2019 and 2025, because LED with a low penetration in the market still has a rosy prospect and passenger car sales will continue to rise as a whole in the country. Global automotive lighting market are now almost monopolized by giants like France's Valeo, Italy's Magneti Marelli, Germany-based Hella and Japanese companies Koito and Stanley, which together command over 70% of the global market. Among them, Koito boasts a virtually 25% market share. These big names have a custome base covering all global automakers, and are expanding their regional markets. The oligarchic pattern will hardly change in the near future. Get Discount on Global Automotive Lighting Industry Research Report at https://www.reportsnreports.com/contacts/discount.aspx?name=2265617 In the Chinese automotive lighting market, joint ventures like Shanghai Koito Automotive Lamp Co., Ltd., Guangzhou Stanley Electric Co., Ltd., Changchun Hella Faway Automotive Lighting Co., Ltd. and Valeo Lighting Hubei Technology Center Co., Ltd. are the main players, accounting for a collective 70% of the highly-concentrated market. Local manufacturers just offer low-tech products such as tail lamps and small lights, with low market shares. The bellwether Changzhou Xingyu Automotive Lighting System Co, Ltd. takes a mere 6% share, but the company is likely to edge into automakers' supplier systems as it increased R&D budget in recent years. Global and China Automotive Lighting Industry Report, 2019-2025 highlights the following: - Laser/OLED/AFS/ADB/nigh vision system technologies; - Global and China automotive lighting markets (size, competitive pattern and forecast); - Global automotive lighting manufacturers. Table of Content:
Another Related Research Report Global OLED Automotive Lighting Market Research Report mainly elaborates the definition, types, applications and major players of Oled Automotive Lighting market in details. Deep analysis about market status (2014-2019), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2019-2024), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. Major Players in Oled Automotive Lighting market are: Philips, Osram, Hella, STANLEY, ASTRON FIAMM, ZKW Group, Koito, Merck KGaA, Magneti Marelli Order a Copy of this Research Report at https://www.reportsnreports.com/purchase.aspx?name=1973248 About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports. We provide 24/7 online and offline support to our customers. Contact: Vishal Kalra Connect With Us on:
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