DUBLIN—Research and Markets has announced the addition of the "Global and China Automotive Lighting Industry Report, 2016" report to their offering.

The global automotive lighting market size was USD27 billion in 2015, up 3.8% from a year earlier, and is expected to grow by 1.9% year on year to USD27.5 billion in 2016. The reasons for the slowdown are as follows:

  • Slowdown in both Chinese and American markets
  • Drastic devaluation of the euro and the yen
  • Continued decline in prices of LED dies and LED lamps
  • Falling prices of oil and plexiglass (a raw material of headlights)

In 2015, the global OEM automotive lighting market was valued about USD24 billion, while the maintenance and modification markets fetched about USD1.5 billion each. The maintenance market remained stable, but the modification market witnessed gradual decline with the growth of pre-installed xenon lamps.

Especially in China, people are enthusiastic about xenon lamps because they meet their pursuit for fashion and dazzling, so such lamps will still be more popular than LED in Chinese medium and high-end market. Due to high costs, laser headlights are expected to seize the share of only 1% in 2019. The ADB penetration rate will jump from 5% in 2015 to 25% in 2020, the AFS penetration rate will escalate from 10% in 2015 to 23% in 2020, and China will see 30%.

Companies Mentioned:

  • Automotive Lighting
  • Changzhou Xingyu Automotive Lighting Systems
  • DEPO
  • Hella
  • Ichikoh
  • Jiangsu Tongming
  • Koito
  • Laster Tech
  • Liaowang Automotive Lamp
  • South Korea SL
  • Stanley
  • TYC
  • Ta Yih Industrial
  • Valeo
  • Varroc
  • ZKW

Key Topics Covered:

1 Headlight Design

2. Laser/OLED/AFS/ADB/Night Vision System

3. Automotive Lighting Market and Industry

4 Automotive LED Industry

5. Automotive Lighting Companies

For more information visit http://www.researchandmarkets.com/research/stp59p/global_and_china

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Sector: Automotive Body, Trim and Glass