London, 03 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Automotive Lighting Market in APAC Region 2014-2018, which is expected to post a CAGR of 6.85 percent during 2013-2018.
“Vendors in the market have made use of advanced technologies in lighting systems that concentrate on reducing glare, illuminating the road around corners, distinguishing obstacles by utilizing IR or UV light, and introducing signal lighting that is adaptive to varying ambient conditions and responds to emergency braking conditions to improve safety,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increased Production of Automobiles
- Use of LED Lighting
- Demand for High-performance Technologies
- Increased Need for Safety
- Evolution of New Applications
Key Market Trends
- Popularity of Neon Lights
- Market Consolidation
- Adoption of Fuel-efficient Vehicles
- Association between Vehicle and Lighting Manufacturers
- Incorporation of Driver Assistance Systems
- Increased Popularity of Ambient Lighting
- Introduction of Laser Lighting
Key Market Vendors
- Hella KGaA Hueck & 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%…
