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Automotive Lighting Market Worth $25.36 Billion By 2018

DALLAS, May 13, 2013 /PRNewswire/ --

The report " Automotive Lighting Market: By Position (Front, Rear, Side, & Interior), Technology (Halogen, Xenon/HID, & LED), Vehicle Type, & Geography  -  Global Trends & Forecast To 2018", defines and segments the market with analysis and forecasting of the global revenue. Global market is expected to grow from $19.47 billion in 2013 to $25.36 billion by 2018, with a CAGR of 5.43%. In this, halogen technology is expected to occupy the major share, when compared to xenon/HID and LED for the next five years.

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  • 104 Market Data Tables
  • 52 Figures
  • 312 Pages and an in-depth Table of Content on "Automotive Lighting Market".

http://www.marketsandmarkets.com/Market-Reports/automotive-lighting-market-1133.html

Early buyers will receive 10% customization on this report.

Asia-Pacific: The Largest Market for Automotive Lighting

Asia-Pacific has been the largest automotive lighting market since 2011 followed by Europe, North America, and ROW.

The Major Automotive Lighting Markets in the Asia-Pacific Regions are:

  • China
  • Japan
  • South Korea
  • India.

The automotive lighting market revenue in these countries is high mainly due to the high vehicle production levels, increasing economic development, rising population, and changing consumer life style. The revenue trend is estimated to change by 2018, where North America would be capturing Europe's position mainly due to its increasing light commercial vehicles production.

Front Lighting: Biggest Lighting Segment by Position

Considering automotive lighting market revenue by positions (front, rear, side, and interior), front lighting is estimated to constitute the largest revenue share as of year 2013 and is expected to remain the largest segment by 2018 as well. Rear, interior, and Side lighting segments follow front lighting segment in terms of revenue in the year 2013.

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