The automotive lighting is a lighting system in the vehicle, which includes headlights and signaling devices integrated in the front & rear sides of the vehicle. It helps to pedestrians and other drivers to detect any vehicle’s moving direction, position, and vehicle size. It also adds the aesthetic looks in the interior & exterior of the vehicle. Automotive lighting is also significant from the safety perspective of user & other people on the road.
As per analysis, “North America Automotive Lighting Market 2020-2026 by Technology, Product, Vehicle Type, Vehicle Autonomy, Sales Channel, and Country: Trend Forecast and Growth Opportunity” the key companies operating in the North-America automotive lighting market include Johnson Electric Holdings, Changzhou Xingyu Automotive Lighting System, Hella KGaA Hueck & Co., GE Lighting, Bosch, Ichikoh Industries Ltd., Magneti Marelli S.P.A., Infineon Technologies, Koninklijke Philips N.V., Stanley Electric Co., Ltd., SCHOTT, Osram Licht AG, Koito Manufacturing Co. Ltd., Ichikoh Industries Ltd., Pacific Insight Electronics, Valeo, Shanghai Sunlight Enterprise, Grupo Antolin and among others.
The North-America automotive lighting market has been bifurcated on the basis of technology into HID, halogen, and LED. Halogen lamps are broadly used in both commercial and passenger vehicles. These lamps are mainly used in interior lighting, automotive headlamps, and work lights. They are generally known for moderately quality of light, high efficiency, and high rated life as compared to any regular lamp. HID light bulbs & lamps come from the gas-discharge arc lamps family. These lamps are well-known for their high brightness as well as their long shelf-life. These types of lights are generally banned for usage in automobiles in various countries because they strongly affect the vision of incoming vehicles consequently leading to accidents many times. LED lights are the only dependable future of automotive lighting as these lights are the efficient, cheapest, and durable product among all. Governments have authorized the fitment of LED lights in the vehicles for better energy efficiency and reducing emission. Moreover, the market can also be bifurcated into light commercial vehicles, passenger cars, and heavy commercial vehicles. The passenger car segment holds major market share in the regional automotive lighting market. Rising per capita income in the developing countries and decreasing the prices of vehicles are likely to boost the passenger car lighting market growth throughout the forecast period.
Growth in production of passenger & commercial vehicles, followed by increase in safety concerns on road, growth in implementation of new lighting technologies in automotive industry and rise in disposable income of the users are some major factors, which are responsible for growth of the North-America automotive lighting market. Apart from this, high cost of LED lights is a major restraining factor for market. Moreover, growth in innovations in lighting system for better vision in poor air quality is a leading opportunity for market.
It is predicted that future of the North-America automotive lighting market will be bright as a result of growth in technological advancements coupled with increase in need for safety & security during the forecast period.
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Ankur Gupta, Head Marketing & Communications