Global Automotive Perimeter Lighting System Market Size, Share, Forecast Report, 2020-2027
The automotive perimeter lighting system consists of indicating and lighting appliances integrated to the front, back, top & side of the vehicle. Automotive perimeter lighting system helps increase the visibility of the vehicle, position, size & direction of travel.
Innovation in LED lighting technologies & increase in demand for safety & convenience are the driving factors of the global automotive perimeter lighting system. Integrated styling of LED lights is the major driving factor for automotive perimeter lighting systems due to energy efficiency & low maintenance. The key factor that drives the growth of the market is the compact design as perimeter lights require less space than ordinary light. Growing awareness regarding concerns about environment and the rise in demand for energy efficient perimeter lighting systems will drive the market. Stringent government regulations regarding safety is the major factor driving the global automotive perimeter lighting system market. Integrated design, accurate structure and safety lighting are the key factors that increase the demand for automotive perimeter lighting systems. However, high prices of components such as brass and ceramic used in perimeter lighting will hinder the global automotive perimeter lighting system market. There is a rising trend of sequential turn signals & LED notifications into left & right panels, which eventually increases the growth of the automotive perimeter lighting system.
The prominent players in the automotive perimeter lighting system market include Gentex Corporation (U.S.), HELLA GmbH & Co. (Germany), KOITO MANUFACTURING CO., LTD. (Japan), Magna International Inc. (Canada), Samvardhana Motherson Group (India), Automotive Lighting (Germany), and Feniex Industries (Texas).