Emergence of Driving Assistance Systems Stimulating Growth in the Global Automotive Lighting Market

Reportstack has announced a new market research report on the Global Automotive Lighting Market 2014-2018, which is expected to witness growth with a CAGR of 7.53 percent during the period 2013-2018. “With an improved field of vision and elimination of glare, adaptive lighting seeks to reduce road fatalities by directing the light beam into a focused field of vision,”.

“Dynamic bend lighting systems are another solution that eases the driving on winding roads. It improves vision on wide bends and, along with fixed bend lighting, improves visibility at any speed.”

Key Market Drivers

Increased Automotive Production and Sales
Evolution of New Applications
Heightened Need for Safety
Rise in Demand for High-performance Technologies

Key Market Trends

Innovations in LED Technology
Increased Partnerships
Incorporation of Driver Assistance Systems
Increased Popularity of Ambient Lighting
Introduction of Laser Lighting

Key Market Vendors

Hella Kgaa Hueck and Co.
Koito Manufacturing Co. Ltd.
Magneti MareIli SpA
Valeo SA

To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

Complete report available @ Global Automotive Lighting Market 2014-2018.