Global Automotive Lighting System Market to Be Driven by the Expanding Global Automotive Market
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- Date Submitted: 09/28/2015 04:23 AM
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A recently released report by Transparency Market Research (TMR) forecasts that the global automotive lighting system market will expand at a healthy CAGR of 8.10% from 2015 to 2021. TMR, a market intelligence firm, states that by 2021, the global automotive lighting system market will reach US$34.1 bn from US$19.9 bn in 2014. The report, titled ‘Automotive Lighting System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, is available for sale on the company website.
Browse The Market Research Report of Automotive Lighting System Market :
http://www.transparencymarketresearch.com/automotive-lighting-market.html
According to this TMR report, one of the main factors driving the global automotive lighting system market is the expanding global automotive market. Surging production of vehicles is a demand side driver whereas the introduction of advanced lighting technologies is a supply side driver in the global automotive lighting system market. Halogen, HID, and LED are the most widely used technologies in this market. With a shift of focus of the global automotive market towards customer comfort and safety, the global automotive lighting system market is expected to witness surging demand in the forthcoming years. Lighting and signaling devices that are fitted to the exterior, rear, front, and the interior sides of a vehicle together comprise the automotive lighting system. Automotive lighting systems ensure safety while driving at night and dark weather conditions.
Get Free Sample Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2775
This research report segments the global automotive lighting system market on the basis of type of vehicle, position, and geography. On the basis of type of vehicle, this market is segmented into luxury vehicle, MUV, SUV, passenger vehicle, and heavy vehicle. Owing to an expanding pool of the middle class population and their preference for...
Browse The Market Research Report of Automotive Lighting System Market :
http://www.transparencymarketresearch.com/automotive-lighting-market.html
According to this TMR report, one of the main factors driving the global automotive lighting system market is the expanding global automotive market. Surging production of vehicles is a demand side driver whereas the introduction of advanced lighting technologies is a supply side driver in the global automotive lighting system market. Halogen, HID, and LED are the most widely used technologies in this market. With a shift of focus of the global automotive market towards customer comfort and safety, the global automotive lighting system market is expected to witness surging demand in the forthcoming years. Lighting and signaling devices that are fitted to the exterior, rear, front, and the interior sides of a vehicle together comprise the automotive lighting system. Automotive lighting systems ensure safety while driving at night and dark weather conditions.
Get Free Sample Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2775
This research report segments the global automotive lighting system market on the basis of type of vehicle, position, and geography. On the basis of type of vehicle, this market is segmented into luxury vehicle, MUV, SUV, passenger vehicle, and heavy vehicle. Owing to an expanding pool of the middle class population and their preference for...