Research and Markets (http://www.researchandmarkets.com/research/nf6cz6/global_automotive) has announced the addition of the "Global Automotive Lighting Market 2016-2020" report to their offering.

The market research report predicts the global automotive lighting market to grow at a CAGR of around 8% during the forecast period.

An increased focus on vehicle safety and high demand for better road illumination are driving the market growth. Technologically advanced lighting systems that on reduce glare, distinguish obstacles by utilizing IR or UV light, and introduce signal lighting that is adaptive to varying ambient conditions and responds to emergency braking are being introduced by vendors in the market.

Ambient lighting is the use of lighting to create a more stylish atmosphere inside automobiles. Lighting is strategically placed in the vehicle, which creates a pleasant experience. This concept was introduced in luxury vehicles in 2007 and has expanded to lower models since then. Vendors in the market are enhancing consumer appeal by employing interior ambient lights to create differentiation and harmonize with the other elements of the vehicle's interiors.

According to the report, revolutions in automotive lighting have created new opportunities and applications. Ambient lighting is one such application, wherein lighting is strategically placed in the vehicle to create an experience and induce a psychologically pleasing effect. Enhancing the appearance of the vehicle by customizing automobile interior lighting is also gaining momentum; customers now value interior lighting design and colour.

Further, the report states that the high cost of LED lighting will hinder the growth of the market during the forecast period.

Companies Mentioned:

  • Hella
  • Koito
  • Magneti Marelli
  • Stanley
  • Valeo
  • Depo Auto Parts
  • ICHIKOH
  • OSRAM
  • Neolite
  • SL Corporation
  • Ta Yih Industrial.

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by application

PART 07: Market segmentation by technology

PART 08: Geographical segmentation

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/nf6cz6/global_automotive