Auto Lighting Market Growing
Report highlights Asia-Pacific market, technology advances in the segment.
As the market grows, lighting technology is evolving. It’s been shifting from halogen front lighting to LED technology, and HD xenon lights are emerging as an alternative with similar attributes.
Pexels/Erik McIean
The automotive lighting market is poised for robust growth over the next five years as more vehicles hit the road, a new report shows.
The GlobalData study focuses on the market based in the Asia-Pacific because it’s one of the world's biggest auto manufacturing regions. It estimates that automotive lighting production there will grow at a compound annual rate of more than 1% for the five years ending in 2028 from 104.1 million units to 109.6 million.
As the market grows, lighting technology is evolving. It’s been shifting from halogen headlights to LED technology due to LED’s greater output for increased visibility on the road as it consumes 50% less energy, making for greater fuel efficiency, GlobalData said. HD xenon lights are emerging as an alternative with similar attributes.
Meanwhile, sensors are being added to headlights in luxury models, including “follow me home” headlights that continue illuminating after the ignition is turned off to light occupants’ path as they move away from the vehicle.
“With the advent of autonomous vehicle technology, the market for connected front lighting technologies is expected to grow, further driving the advancement of front lighting technology,” said GlobalData Automotive Analyst Madhuchhanda Palit in a press release on the report.
Originally posted on Auto Dealer Today
More Industry
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →
EV Sales Drop in April Following Surge
North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
Read More →