Jun 14, 2018   SOURCE: BusinessWire

Global Automotive Perimeter Lighting System Market Research Report 2018-2022 - ResearchAndMarkets.com

The "Global Automotive Perimeter Lighting System Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The Global Automotive Perimeter Lighting System Market is forecast to grow at a CAGR of 12.92% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend affecting this market is the integrated perimeter lighting system The integration of sequential LED turn signal and LED notification of vehicles lighting system into the left and right door panels is trending in the market. The increasing demand to efficiently use the design space will push the use of integrated perimeter lighting systems.

According to the report, one driver influencing this market is innovations in lighting technologies and improving safety and comfort. The automotive industry mainly revolves around the regulatory norms on safety and environmental aspects formulated by different countries and customer preferences for improved style and comfort. Advantages such as performance, product design, and on-road safety conferred by automotive lighting systems play a significant role in boosting the sales of vehicles

Further, the report states that one challenge affecting this market is the high cost of raw materials. The rising cost of raw materials used in vehicle lighting, especially in LED and other advanced technologies can restrict the growth of the market. According to the US bureau of labor statistics, the producer price indexes for rolled steel, primary aluminium, and plastic materials have risen by more than 80, thereby increasing the overall production costs.

Key Vendors

  • Gentex
  • HELLA
  • KOITO Manufacturing
  • Magna International
  • Samvardhana Motherson Group

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Application

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/cnkf49/global_automotive?w=4