TechNavio today launched its report Global Automotive Lighting Market 2011-2015 based on an in-depth study covering Asia, and Europe and North America. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said; ”The Global Automotive Lighting market is expected to witness increasing demand from fuel-efficient vehicles. According to the US Government, the sale of hybrid vehicles will account for half of the new Light Duty Vehicles sales in 2035. It is further forecasted that the number of hybrid vehicle sales is expected to increase tremendously in 2035. Thus, with the unconventional and hybrid vehicles becoming a mainstay in the future Automobile market, the company can find huge opportunities by developing efficient technology related to engine management.”
According to the report, the pace of vehicle production across the world has important implications for the growth of the Global Automotive Lighting market. Automobile production will largely be observed in the Asia and European countries. For instance, it is estimated that automobile ownership in China will exceed massively by 2020. Similarly, for India, automobile ownership is expected to increase in the coming years.
Further, the report also discusses that the government regulations are the major threat to plastics vendors, as these regulations can have a severe impact on the future use of lighting in passenger vehicles.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-automotive-lighting-market-2011-…
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TechNavio Announces the Publication of its Report – Global Automotive Lighting Market 2011-2015
