TechNavio recognizes the following companies as the key players in the Global Automotive Halogen Lighting Market: Koito Manufacturing Co. Ltd., Valeo SA, Magneti Marelli S.p.A., and Hella KgaA Hueck & Co.
Commenting on the report, an analyst from TechNavio’s team said: “A major trend being witnessed in the Global Automotive Halogen Lighting market is the continued adoption of halogen lamps in low-cost vehicles. Halogen lamps have strong penetration across all geographies and are less expensive than xenon and LED lamps. Despite the increased adoption of xenon and LED lamps in high-end or luxury vehicles, low-cost vehicles are expected to continue using halogen lamps in the coming years. The replacement cost of halogen lamps is also very low, and this is further expected to drive the adoption of halogen lamps in these vehicles.”
According to the report, the main factor which is driving the market growth is the easy availability of halogen lamps in all geographies. Vehicles are increasingly being used in both urban and rural areas, and the easy availability of halogen lamps in both these areas is increasing their adoption.
Further, the report states that the excess heat generated by halogen lamps is a major challenge hindering the growth of the market. Though halogen lighting is an efficient lighting technology, halogen lamps tend to emit excess heat, which is wasted. This excess heat produced by halogen lamps can damage nearby assemblies in the setup or can at times lead to them exploding.
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-halogen-lighting-marke…
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 Halogen Lighting Market 2014-2018
