Advanced Lighting Technologies Seeing Light in the Vehicular Lighting Market - Around 4.5 Billion Units to be Sold by 2010, According to New Report
According to a recently released market research report published by Global Industry Analysts, Inc., the vehicular lighting market worldwide is projected to be around 4.5 billion units by 2010. 'Safety' is the mission critical need of the society, be it in the vehicle driving community, or for the walkers by. Responding to the looming numbers of traffic fatalities underscoring the grave necessity to empower the vehicle driver's anvil, the automotive industry innovated advanced safety features, including intelligent cruise control technologies.
San Jose, California (PRWEB) June 26, 2007 -- Poor highway lighting, inefficient signal lighting and inadequate infrastructure are time and again, the major causes of traffic mishaps. Poor vehicular lighting compounds these problems further. Seeing and being seen, therefore, constitutes the most critical issue for enhancing the on-road safety. Considering the criticality of the factor, automakers devised high-performance lighting modules that emit uniform light beams, ensuring proper visibility, both to see and to be seen. High Intensity Discharge beams, Electronically controlled swiveling front lighting systems and non-blurring intelligent headlamps debuted the market as a result of their endeavor, to mark the dawn of 'electronic eyes' for vehicles on road.
"Europe represents the largest market for vehicular lighting, accounting for nearly 30% of the total global demand," according to research published by Global Industry Analysts, Inc. Registering a CAGR of close to 10%, Asia-Pacific represents the fastest growing and the most promising market for vehicular lighting. Automotive lamps represent the largest segment of vehicular lighting market. Demand for automotive lamps in the United States is projected to reach nearly 760 million units by 2010.
The market is likely to be driven by the technological innovations in the industry. Miniaturization and modularization are the key design parameters riding the top slice of the market, while high performance and energy efficiency score high on the vehicle manufacturers' specifications. Waiving of norms on the usage of high intensity discharge lamps in front lighting applications is poised to bolster good demand for the Xenon and bi-Xenon systems.
Major players in the vehicular lighting market include Valeo, Hella KGaA Hueck & Co., Koito Manufacturing Company, OSRAM GmbH, Ichikoh Industries, Visteon, Federal-Mogul Corporation, GE Consumer & Industrial, Robert Bosch GmbH, Philips Lighting, and others.
The report titled Vehicular Lighting: A Global Strategic Business Report, quantifies vehicular lighting market across key product segments - Automotive Lamps (Headlamps, Tail Lamps, Parking Lamps, Signaling/Flasher Lamps, Fog Lamps, Brake Lamps and Other Automotive Lamps), Motorcycle Lamps (Headlamps, Tail Lamps and Flasher Lamps). The report also offers profiles of leading players and presents recent developments, mergers, acquisitions, as well as other strategic industry activities. Detailed analysis is provided for major geographic markets including the United States, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific, Latin America and rest of world.
For more details about this research report, please visit www.strategyr.com/MCP-2715.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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