The lighting system of vehicles consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. The lighting system consists of lighting and signaling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. This lights the roadway for the driver and increases the visibility of the vehicle, allowing other drivers and pedestrians to see a vehicle’s presence, position, size, direction of travel, and the driver’s intentions regarding direction and speed of travel. Emergency vehicles usually carry distinctive lighting equipment to warn drivers and indicate priority of movement in traffic. On the basis of technology, the market is segregated into halogen, xenon, and LED. Halogen dominated the industry in 2017 and is expected to grow at a CAGR of over 4.2% from 2017 to 2023. Low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. They are available in different dimensions and are cost-effective and easy to replace. However, excessive heat loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 10% of the overall share in 2017 and is expected to witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights
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The global MCV Lighting market is valued at 2690 million US$ in 2018 is expected to reach 3830 million US$ by the end of 2025, growing at a CAGR of 4.5% during 2019-2025.
This report focuses on MCV Lighting volume and value at global level, regional level and company level. From a global perspective, this report represents overall MCV Lighting market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in MCV Lighting Market report are Koito (Japan), Valeo (France), Hella (Germany), Magneti Marelli (Italy), ZKW Group (Austria) and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 MCV Lighting Market Overview
2 Global MCV Lighting Market Competition by Manufacturers
3 Global MCV Lighting Production Market Share by Regions
4 Global MCV Lighting Consumption by Regions
5 Global MCV Lighting Production, Revenue, Price Trend by Type
6 Global MCV Lighting Market Analysis by Applications
7 Company Profiles and Key Figures in MCV Lighting Business
8 MCV Lighting Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global MCV Lighting Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source