Global Automobile Lighting Market

A lighting system of an automobile is composed of lighting and signalling devices fitted to the front, sides, rear, and interior of the vehicle. The function of this system is to provide safety and visibility during dark, cloudy or bad weather conditions and also helps in intimation of vehicle’s presence, position, size, and direction of travel to other drivers and pedestrians.

Factors such as increasing population with improving lifestyle, construction activities & infrastructure in developing countries, increase in the purchase power and governmental initiatives, have together fueled the growth of the total vehicle demand across the globe. In addition, the automobile manufacturers are shifting their focus to developing countries due to lower currency exchange rates, low-priced labor, and mere presence of environmental legislations. This has changed the production pattern from North America and Europe to Asia-Pacific. The manufacturers are shifting their interest to the developing countries in order to penetrate the fast growing market. As the automotive lighting market revenue is directly proportional with automobile production, the lighting manufacturers are also concentrating on these regions.

It is segmented on the basis of applications and geography.