The global CAGR will reach 8% CAGR by 2021

According to market research analysts forecast that the global automotive lighting market between 2017 and 2021 compound annual growth rate will reach 8%.

Consumers pay more attention to driving safety and demand for better road lighting and other factors to promote the growth of the automotive lighting market. State-of-the-art automotive lighting systems are glare-proof, use infrared and ultraviolet light to identify obstacles, and market suppliers continue to introduce signals that adapt to changing environmental conditions and respond to emergency braking.

New trends in the automotive lighting market have opened up new opportunities for businesses, especially in the lighting segment. Environmental lighting is one of them, can be installed on the vehicle to create a different experience, allowing users to physically and mentally pleased.

The global automotive lighting market can be technically divided into halogen lamps, LED lamps, and xenon lamps.

Expected from 2017 to 2021, LED lamp market will grow rapidly. Headlights, taillights and daytime running lights (DRL) are among the most popular products and will appeal to car designers for their unique shape and appearance. By 2020, LED lights account for the overall automotive lighting market share will reach 20%.

Automotive lighting market can also be divided into lighting and car lighting and interior lighting. During 2015, exterior lighting dominates the global automotive lighting market with a market share of 95%. Exterior lighting to ensure traffic safety, playing a very important role. As more and more manufacturers focus on car safety, the exterior lighting market will further grow.

Geographically, the global automotive lighting market can be divided into Asia Pacific, Europe, Middle East and Africa (EMEA) and the Americas. In 2015, the Asia Pacific region dominated the global automotive lighting market with a market share of nearly 45%. The region's growth is driven mainly by China and India, the two largest markets for automotive-related products in the Asia Pacific region. At the same time, the Asia Pacific region is now becoming a central market for auto parts products due to improved infrastructure, changes in lifestyle, government incentives and lower overall car production costs.