Perimeter lighting system Market Region Wise Analysis of Top Players and Changing Growth Factor in Industry, Forecast by 2022-2030
Research Reports
Apr 06, 2022
Market Highlights
The automotive perimeter lighting system, as the name suggests, is a set of lighting to improve visibility and judgment while driving, which are installed on the various parts of the vehicles. These systems help ensure the safety of the driver and the vehicle. The authorities regularly revise and enhance the safety norms for passenger’s safety to reduce fatal accidents, which has driven the market considerably. As technology advances, the companies are working towards developing new lighting systems.
For example, the halogen lamps are now being replaced by light-emitting diode (LED) lights, which have longer life spans and better visibility even in harsh conditions. As the global population increase, urbanization is also increasing, which has resulted in higher per capita incomes. This has increased the automobile consumption and demands for better and advanced lighting systems, which has pushed the market players to invest in research & development programs and search for new technologies.
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Key Players
The prominent players in the automotive perimeter lighting system market include Gentex Corporation (U.S.), HELLA GmbH & Co. (Germany), KOITO MANUFACTURING CO., LTD. (Japan), Magna International Inc. (Canada), Samvardhana Motherson Group (India), Automotive Lighting (Germany) and Feniex Industries (Texas).
This study provides an overview of the global automotive perimeter lighting system market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC), and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive perimeter lighting system market by type, material, application, and regions.
By Type
- LED Lights
- Halo Rings
- Fluorescent bulbs
- Others
By Material
- Plastic
- Glass
- Fiber
- Others
By Application
- Passenger car
- Light Commercial vehicle
- Heavy Commercial Vehicle
By Regions
- North America
- Asia-Pacific
- Europe
- Rest of the World
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS….
Market Research Analysis
In terms of region, the global market for automotive perimeter lighting system is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Europe is expected to hold a major revenue share during the forecast period. Increase in the sales of vehicles in Europe and increased government regulations regarding safety will enable the region to hold the largest market share during the forecast period.
Government regulations in Europe are becoming more stringent with each passing year. This means that the manufacturers need to meet the regulatory requirements. Asia-Pacific will witness the highest CAGR during the forecast period due to the increase in the sales of premium vehicles, rise in GDP, and increased purchasing power. Furthermore, increased sales of vehicles in China, Japan, and India will enhance the revenue of the market.
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