Lighting Market for Automotive Growing at a CAGR of 6.80% During 2017 to 2022 - ReportsnReports.com

PUNE, India, June 26, 2017 /PRNewswire/ --

Lighting market for Automotive is projected to grow at a CAGR of 6.80%, to reach $29.97 billion by 2022. LED technology will showcase fastest growth and will lead in future lighting market while Front Adaptive Lighting will have largest market in automotive adaptive lighting with Asia-Oceania region will dominate market.

Browse 119 tables and 52 figures, 11 Company profiles spread across 241 pages available at:

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 .

"Increase in vehicle production and lighting applications to upsurge the lighting demand in automotive industry" 

The Lighting market for Automotive, by value, is projected to grow at a CAGR of 6.80% from 2017 to 2022, to reach USD 29.97 billion by 2022. In addition to growing vehicle demand and increasing lighting applications, factors such as safety regulations and rising demand for comfort and luxury are expected to fuel the demand for advanced technologies such as adaptive lighting systems.

The major factors hindering the growth of the Lighting market for Automotive are the high cost involved in R&D and fluctuating prices of raw materials.

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The global Lighting market for Automotive is segmented based on the position into front, rear, side, and interior. The front lighting market is expected to showcase the largest market with halogen as the predominant technology in this position. In terms of lighting technology, the market is segmented into Halogen/incandescent, Xenon/HID, and LED.

Target Audience for Lighting Industry Research Report will be: 

• Manufacturers of automotive lighting systems
• Lighting component suppliers
• Dealers and distributors of automotive lighting systems
• Original equipment manufacturers
• Industry associations, investment firms, equity research firms, and private equity firms

"LED technology is estimated to showcase fastest growth and is expected to lead in future lighting market"