TechNavio recognizes the following companies as the key players in the Global Automotive Lighting Market: Hella Kgaa Hueck & Co., Koito Manufacturing Co. Ltd., Magneti Marelli S.p.A., and Valeo SA
Commenting on the report, an analyst from TechNavio’s team said: “A major trend witnessed in the Global Automotive Lighting market is the increasing popularity of neon lights. Neon lights are increasingly being used in cars as they are highly flexible. They can also be used wherever required. They can be used on the front of the vehicle to provide better light on dark roads, and can also be added on the wheel trim or even inside the car. The power consumption is also extremely low and these lights can have a long life when used effectively. Hence, the use of neon lights is expected to increase further in the coming years.”
According to the report, the increasing popularity of LED lighting is one of the major factors driving the Global Automotive Lighting market. LED lighting is highly beneficial to users as it provides improved safety features and consumes less energy.
Further, the report states that the main challenge faced by the market is the designing of a next-generation lighting system. Designers must provide a solution that is highly efficient, accurate, and reliable, and should also be compact and affordable.
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 vendors. For further information on this report, please visit https://www.technavio.com/report/global-automotive-lighting-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Automotive Lighting Market 2012-2016
