London, 21 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Automotive Lighting Market 2014-2018, which is expected to witness growth with a CAGR of 7.53 percent during the period 2013-2018.
“With an improved field of vision and elimination of glare, adaptive lighting seeks to reduce road fatalities by directing the light beam into a focused field of vision,” says Faisal Ghaus, Vice President of TechNavio.
“Dynamic bend lighting systems are another solution that eases the driving on winding roads. It improves vision on wide bends and, along with fixed bend lighting, improves visibility at any speed.”
Key Market Drivers
- Increased Automotive Production and Sales
- Evolution of New Applications
- Heightened Need for Safety
- Rise in Demand for High-performance Technologies
Key Market Trends
- Innovations in LED Technology
- Increased Partnerships
- Incorporation of Driver Assistance Systems
- Increased Popularity of Ambient Lighting
- Introduction of Laser Lighting
Key Market Vendors
- Hella Kgaa Hueck and Co.
- Koito Manufacturing Co. Ltd.
- Magneti MareIli SpA
- Valeo SA
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
