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Automotive Perimeter Lighting System Industry report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023.The global automotive perimeter lighting system market is projected to have an incredible growth at 12.56% CAGR over the predicted years (2017-2023). Automotive perimeter lighting system aids to improve the visibility of the car, size, direction of travel and its position. It utilizes halo tubs and LED lights for illuminating as well as the signaling purpose of a car. It is incorporated around vehicles at various locations along side, front and back panels with an aim to boost the vehicle’s visibility that will benefit the pedestrians and the driver alike. It comprises of license plate lights, door mirror lamps, door handle lamps and puddle lamps. Also known as task lighting, it helps in illuminating the bed and other areas surrounding the vehicle that ultimately helps owners in viewing their cars in poorly-lit conditions such as driveways, camping grounds and dark worksites.
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Market Segmentation
MRFR report provides an extensive segmental analysis of the automotive perimeter lighting system market on the basis of type, material and application.
Based on type, the automotive perimeter lighting system market is segmented into fluorescent bulbs, halo rings, LED lights and others.
Based on material, the automotive perimeter lighting system market is segmented into fiber, glass, plastic and others.
Based on application, the automotive perimeter lighting system market is segmented into electric vehicle, HCV, LCV and PC. Of these the PC segment will have the largest share in the market and also presumed in holding its dominance over the predicted years.
Regional Analysis
By region, the automotive perimeter lighting system market covers growth opportunities and latest trends across Rest of the World, Asia Pacific, Europe and North America. Of these, Europe will stay at the fore in the automotive perimeter system market and predicted to have a major revenue. This is owing to increase in car sales in this region coupled with increased government regulations concerning safety. Regulations laid down by the government in this region are turning more stringent with every passing year. This indicates that the perimeter lighting system manufacturers require in catering to the regulatory needs. The automotive perimeter system market in the APAC region will grow at the highest CAGR over the predicted years. This is owing to increased purchasing power of people in the region, rise in GDP and boost in premium car sales. Moreover, increased car sales in India, Japan and China will improve the market revenue over the predicted years.
Key Players
Leading players profiled in the automotive perimeter lighting system market include Feniex Industries (Texas), Automotive Lighting (Germany), Samvardhana Motherson Group (India), Magna International Inc. (Canada), KOITO MANUFACTURING CO., LTD. (Japan), HELLA GmbH & Co. (Germany), Gentex Corporation (U.S.), and others.
Jan 2019- General Motors has lately taken an exceptional step for differentiating the latest Sierra and Silverado by adding a perimeter lighting system which will brightly light up the vehicle’s exterior for improving safety and improving the car’s utility in its entirety. The various locations where this lighting system will offer illumination include as part of the car’s reverse lights, on top of the rear glass, adjacent the tailgate handle, the front of the side mirror and the bed’s rear corners. Passengers and drivers alike can benefit from this additional lighting system.
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