Global Automotive Perimeter Lighting System Market 2018-2022

Automotive perimeter lighting system consist of original equipment fitted in cars (sedans, hatchback, and crossovers) and sports utility vehicles (SUVs). Technavio’s market research analysts have predicted that the automotive perimeter lighting system market will witness considerable growth during the period 2018-2022. Considering the sales of various products across various geographic regions, our analysts have estimated that this market will register a CAGR of almost 13% by 2022.

Global Automotive Perimeter Lighting System Industry Overview

Analyzing factors that will have a significant impact on the growth of the automotive perimeter lighting system market, our analysts have identified the power efficiency of LED lighting systems to be one of the major factors driving market growth. Manufacturers are replacing halogen lights with LED lights owing to their energy-efficiency and lesser maintenance required than halogen and xenon lights. Also, the usage of LED lighting systems decreases the total power consumption by higher than 80% compared with halogen lights. To reduce production and maintenance costs, vehicle manufactures increase their incorporation of LED lights for automotive lighting applications.    

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Companies covered

The automotive perimeter lighting system market is fragmented since the market has a number of manufactures offering diverse lighting systems to suit varying car models. By offering a complete analysis of the competitive strategies and products offered by the competitors in the LED light bars market, this automotive perimeter lighting system industry analysis report will aid clients identify new growth opportunities and design new growth strategies. 

The report offers a complete analysis of a number of companies including:

• Gentex
• HELLA
• KOITO MANUFACTURING
• Magna International
• Samvardhana Motherson Group

Automotive perimeter lighting system market growth based on geographic regions

• Americas
• APAC
• EMEA

Our industry research analysts have estimated that regions in EMEA will be major contribute to the growth of the LED light bars market throughout the predicted period. The market will grow in this region owing to the increasing demand and adoption of luxury cars equipped with lighting systems.   

Automotive perimeter lighting system market growth based on application

• Cars
• SUVs

The cars application segment consists of sedans, hatchback, and crossovers. According to our market research analysts, the cars segment will contribute to the growth of the LED light bars market throughout the predicted period. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the automotive perimeter lighting system market size.

Key highlights of the global automotive perimeter lighting system market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the automotive perimeter lighting system market during the next five years.
• Precise estimation of the global automotive perimeter lighting system market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the automotive perimeter lighting system industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of automotive perimeter lighting system companies.

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global automotive perimeter lighting system market and its stakeholders over the forecast years.

The global automotive perimeter lighting system market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact the size of this market till 2022. Some of the markets most likely to influence the growth of the automotive perimeter lighting system market over the coming years are the automotive off-road lighting market and the automotive intelligent lighting system market.

Technavio’s collection of market research reports offer insights into the growth of markets across various industries. Additionally, we also provide customized reports based on the specific requirement of our clients.