The Indian automotive lighting market is estimated to be worth about $3.1 billion by 2022, with a cumulative annual growth rate of over 5.5% from 2016. Lighting is a vital component in any automotive vehicle and plays an important role in the safety of the vehicle, the occupants and other road users.
The lighting system consists of lighting and signaling devices, which are placed at different locations such as front, rear, side, and interiors. Lighting provides illumination for the driver and helps other vehicle drivers and pedestrians on the road to detect the vehicle’s position, direction of movement, and size. It also enhances the aesthetic looks to both interior and exterior parts of the vehicle.
The Indian automotive lighting market growth is being influenced by factors like increased vehicle sales, new national regulations, increased focus on safety and demand for energy efficient lightings. The lighting industry is keeping pace with the new trends and innovations. New light-weight and energy efficient lighting is inspiring automotive designers. India Japan Lighting, Autolite India Ltd, Hella India Lighting, Fiem Industries, Phoenix Lamps Limited, Philips and Osram are among the key players of automotive lighting in the Indian market.
The automotive lighting market has witnessed the advent of incandescent lamps, halogen lamps, LED lighting and xenon lamps owing to the technological innovations and developments. Currently, the segment for LED lighting technology is gaining widespread popularity worldwide. LEDs are more efficient than other light sources, and they last longer. In general, the LED lights consume less power than halogens. Xenon lamps are used in the luxury segment introduced by global OEMs. They are not found feasible at present in India.
This story is from the July 2017 edition of Auto Components India.
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This story is from the July 2017 edition of Auto Components India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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