Automotive Lighting Market
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3.6 Growth potential analysis<br />
3.7 Porter’s analysis<br />
3.8 Competitive landscape, by region, 2017<br />
3.8.1 Company market share, 2017<br />
3.8.2 Strategy dashboard<br />
3.9 PESTEL analysis<br />
China <strong>Automotive</strong> <strong>Lighting</strong> <strong>Market</strong>, By Technology, 2017 & 2024 (USD Million)<br />
The interior automotive lighting market is expected to grow at 7% CAGR from 2018<br />
to 2024. Modern passenger cars and luxury vehicles deploy advanced LED &<br />
halogen lamp components in the interior systems. These components lend<br />
enhanced ambiance and atmosphere to the modern cars. The implementation of<br />
LEDs in vehicle interiors supports the smart and intelligent technologies such as<br />
automated light switching, touch-free lighting, and color consistency. These systems<br />
provide illumination & brightness benefits while driving at night and support the<br />
situation-based light controlling in modern vehicles.<br />
The European automotive lighting market was valued at over USD 8 billion in 2017<br />
and is anticipated to grow further due to the presence of major automotive<br />
manufacturers in the region such as BMW, Audi, Mercedes-Benz, etc. Additionally,<br />
several manufacturing standards set by the European Commission to support<br />
sustainable development and energy-efficient products account for the industry<br />
4 | P a g e
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