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Silicon Nitride Market expected to be worth 127 Million USD by 2023, at a CAGR of 7.2%, from 2018–2023

According to the new market research report “Silicon Nitride Market by Type (Reaction Bonded Silicon Nitride, Hot Pressed Silicon Nitride, Sintered Silicon Nitride), End-use Industry (Photovoltaic, Automotive, General Industrial, Aerospace, Medical), and Region – Global Forecast to 2023”, published by MarketsandMarkets™, the Silicon Nitride Market is estimated at USD 90 million in 2018 and is projected to reach USD 127 million by 2023, at a CAGR of 7.2% between 2018 and 2023. The need for high-performance materials in demanding applications is expected to drive the market.

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The leading players in the silicon nitride market can be classified into silicon nitride powder producers and fabricators of silicon nitride powder. The leading silicon nitride powder producers are UBE (Japan), Denka (Japan), AlzChem (Germany), H.C. Starck (Germany), and Yantai Tomley Hi-Tech Advanced Materials Co Ltd (China). The leading fabricators of silicon nitride are 3M (US), CeramTec (Germany), Kyocera Fine Ceramics (Japan), Morgan Advanced Ceramics (UK), Toshiba (Japan), Rogers Corporations (US), and CoorsTek (US). These players adopted acquisitions, new product launches, and agreements as key growth strategies between 2014 and 2018, which helped them increase their capacities and cater to the widening customer base.

 Denka is one of the leading players in the silicon nitride market. The company manufactures silicon nitride under its electronics & innovative products business segment. Denka has its presence in APAC, North America, the Middle East & Africa, and Europe. The company’s product offering includes silicon nitride powder as well as silicon nitride substrates. Denka also adopted inorganic and organic growth strategies to maintain its position in the global silicon nitride market. In January 2019, the company has planned to make an investment for the expansion of its silicon nitride ceramic substrates manufacturing by three folds. The expansion is expected to help the company cater to the demand for silicon nitride in automotive applications. The plant is expected to be operational by 2021. In November 2018, Denka and Mitsubishi Materials Corporation (Japan) reached an agreement to jointly develop ceramic substrates that can be used in the power module for the motor drive of EVs and other eco-friendly vehicles. This would help Denka’s plan toward full-fledged mass production of ceramic substrates for EVs.

 CeramTec (Germany) manufactures and distributes products such as aluminum oxide, piezo ceramics, silicate ceramics, zirconium oxide, aluminum nitride, silicon carbide, and silicon nitride. These products are used in end-use industries such as automotive, aerospace, machinery, electronics, and medical equipment. CeramTec acquires UK electro-ceramics business from Morgan Advanced Materials. Morgan Advanced Materials have business segments, namely, industrial, petrochemical, transportation, security & defense, energy, electronics, and healthcare. The company’s subsidiary, Morgan Technical Ceramics, manufactures products such as alumina, aluminum nitride, diamond-like carbon, pyrolytic boron nitride, fused silica, silica zircon, silicon carbide, magnesium oxide, alumina silicates, mulita, silicon nitride, braze alloys, zirconia, and nilcra SiAlON. This acquisition by CeramTec is expected to increase the business of the company, which will serve the needs of end-use industries such as electronics, medical, and defense.

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

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MarketsandMarkets™ INC. 
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China Bearings Market Research Reports Focus on Long-Term Forecasts Through 2023

Market Reports on China Provides the Trending Market Research Report on “Bearings Markets in China” under Machinery & Equipment Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

China’s demand for Bearings has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades. This new study examines China’s economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2008, 2013 and 2018) and long-term forecasts through 2023 and 2028 are presented. Major producers in China are profiled.

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The primary and secondary research is done in China in order to access up-to-date government regulations, market information and industry data. Data were collected from the Chinese government publications, Chinese language newspapers and magazines, industry associations, local governments’ industry bureaus, industry publications, and our in-house databases. Interviews are conducted with Chinese industry experts, university professors, and producers in China. Economic models and quantitative methods are applied in this report to project market demand and industry trends. Metric system is used and values are presented in either Yuan (RMB, current price) and/or US dollars.

Our market research reports provide hard-to-find market data and analyses. Today, China has the largest market in the world. Tremendous fast-growing markets for imports and business opportunities for companies around the world. If you want to expand your business or sell your products in China, our research reports provide the insights and projections into Chinese markets necessary for you to do so.

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Market Reports on China is thus the one-stop solution for the entire market research requirements with regards to China.
We provide you with insight and analysis on the country’s economic outlook at the national, regional and city level, presenting deep understanding of disparities and evolutionary paths. Get a complete, consistent and concise view of your markets with comprehensive industry reports. Our latest regional databanks, forecasts, and detailed risk ratings will help you to identify risk and opportunities in every industry and develop strategic plans to deal with the competitiveness in the Chinese market.

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E-Bike Market Share, Market Major Players, Market Scope

According to the new market research report E-Bike Market by Class, Battery Type (Lithium-ion, Lithium-ion polymer, Lead Acid), Motor Type (Mid, Hub), Mode (Throttle, Pedal Assist), Usage, and Region (Asia Pacific, Europe, North America) – Global forecast to 2025″, published by MarketsandMarkets™, The global E-Bike Market is projected to grow at a CAGR of 9.01% from USD 21.1 billion in 2018 to USD 38.6 billion by 2025.

The major factors driving the growth of the E-Bike Market are increasing concerns about traffic congestion, rapid urbanization, government initiatives to reduce emission levels, and growth of the bicycle tourism industry. An electric bike, often known as an e-bike, has an electric motor aligned to the pedal for propulsion. These bicycles use chargeable batteries of different capacities. E-bikes are equipped with a mid or hub motor and can be classified on the basis of the power of the electric motor. Pedal assist and throttle-on-demand are the two different modes of electric bikes.

Browse and in-depth TOC on “E-Bike Market”             

52 – Tables
44 – Figures
144 – Pages

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Asia Pacific: China is expected to lead the Asia Pacific region by 2025

The Asia Pacific region is estimated to be the largest E-Bike Market by 2025. The region comprises some of the fastest developing economies of the world such as China and India. The governments of these developing economies have recognized the growth potential of electric two-wheelers and, hence, have taken several initiatives to attract major OEMs to manufacture electric two-wheelers in their domestic markets. For instance, the Government of India announced financial support and a scheme called Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME). Under the scheme, there is a subsidy of up to INR 22,000 for electric scooters/e-bikes. Government promotions and schemes have led to an increase in sales of electric two-wheelers over the years. The governments of many countries in the Asia Pacific region are focusing on electric bikes. For instance, China’s e-bikes have gained popularity in the European market due to its good quality and technological edge.

Class-I is the largest segment of the E-Bike Market

Class-I e-bikes are the most widely used e-bikes across the globe. These e-bikes are equipped with a motor that provides assistance only when the rider is pedaling and stops providing assistance when the bicycle reaches 20 mph. These e-bikes can operate on any paved surface. A class-i segment is expected to hold the largest share of the E-Bike Market as this e-bike category meets the e-bike laws and regulations of most of the countries.

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Class-III is the fastest growing segment during the forecast period

The class III e-bike segment is expected to be the fastest growing market during the forecast period. This class is popular among the youngsters as it offers higher speed than the other two classes i.e class-I and class-II. Also, this e-bike segment is expected to help replace cars with bikes across the globe. Class-III e-bikes, which are also called speed pedal-assisted e-bikes, are equipped with a motor that provides assistance only when the rider is pedaling and stops providing assistance when the bicycle reaches 28 mph. Operators of Class-III e-bikes must be 16 years or older and wear a helmet. Class-III e-bikes are prohibited from entering Class-I multi-use bike paths unless specifically authorized by a local ordinance.

Leading OEMs have established their manufacturing facilities in the Asia Pacific region to cater to the rising demand for passenger cars. This would subsequently push the demand for E-Bike Market in the region. Yamaha Motor Corporation (Japan), Giant Manufacturing Co., Ltd (Taiwan), Accell Group N.V (Netherlands), Aima Technology Group Co., Ltd (China), and Yadea Group Holdings Ltd (China) are the leading players in the E-Bike Market.

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Wireless EV Charging Market by Charging Station (Home, Commercial), Charging (Stationary, Dynamic), Propulsion (BEV, PHEV), Power Supply (3–<11 KW, 11–50 KW, & >50 KW), Vehicle (CV, 2-wheeler), Component, Installation, and Region – Global Forecast to 2025

Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle (PC, CV), Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation, and Region – Global Forecast to 2025

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Hydrogen Fuel Cell Vehicle Market

Hydrogen Fuel Cell Vehicle Market Status And Forecast 2025

Hydrogen fuel cell vehicles (HFCVs) are a class of electric vehicles that power the drive train of the vehicles through the energy generated from fuel cells. The fuel cell converts chemical energy generated from the positively charged hydrogen ions into electricity. The fuel cell technology has been adopted from the aerospace industry where it was first used to power space shuttles and satellites.

Currently, North America dominates the hydrogen fuel cell vehicle market. However, Japan is expected to register the highest growth in Asia-Pacific by 2023. Moreover, the UK is anticipated led the overall market in Europe in 2023. At present, the U.S. dominates the North American market.

Rise in environmental concern and government initiatives for the development of hydrogen fuel cell infrastructure drive the market growth. Furthermore, tax rebates and developments in aggressive hydrogen refueling stations (HRS) fuel the market growth. However, initial large investment in infrastructure is expected to restrain the market growth.

Global Hydrogen Fuel Cell Vehicle market size will reach xx million US$ by 2025, from xx million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Hydrogen Fuel Cell Vehicle.Report Sample includes:
– Table of Contents
– List of Tables & Figures
– Charts
– Research Methodology

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This industry study presents the global Hydrogen Fuel Cell Vehicle market size, historical breakdown data (2014-2019) and forecast (2019-2025). The Hydrogen Fuel Cell Vehicle production, revenue and market share by manufacturers, key regions and type;

The consumption of Hydrogen Fuel Cell Vehicle in volume terms are also provided for major countries (or regions), and for each application and product at the global level. Market share, growth rate, and competitive factors are also evaluated for market leaders Daimler, Honda, etc.

The following manufacturers are covered in this report:

  • Daimler
  • Honda
  • Hyundai
  • Toyota

Hydrogen Fuel Cell Vehicle Breakdown Data by Type

  • Proton Exchange Membrane Fuel Cells
  • Phosphoric Acid Fuel Cells
  • Others

Hydrogen Fuel Cell Vehicle Breakdown Data by Application

  • Passenger Vehicles
  • Commercial Vehicles

Hydrogen Fuel Cell Vehicle Production by Region

  • United States
  • Europe
  • China
  • Japan
  • South Korea
  • India
  • Other Regions

Hydrogen Fuel Cell Vehicle Consumption by Region

  • North America
  • United States
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Philippines
  • Thailand
  • Vietnam
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Rest of Europe
  • Central & South America
  • Brazil
  • Rest of South America
  • Middle East & Africa
  • GCC Countries
  • Turkey
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

The study objectives are:

  • To analyze and research the global Hydrogen Fuel Cell Vehicle status and future forecast?involving, production, revenue, consumption, historical and forecast.
  • To present the key Hydrogen Fuel Cell Vehicle manufacturers, production, revenue, market share, SWOT analysis and development plans in next few years.
  • To segment the breakdown data by regions, type, manufacturers and applications.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends, drivers, influence factors in global and regions.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

In this study, the years considered to estimate the market size of Hydrogen Fuel Cell Vehicle :

  • History Year: 2014 – 2018
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Year: 2019 – 2025

This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Hydrogen Fuel Cell Vehicle market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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Fiberglass Mold Market worth 468 Million USD by 2024, registering a CAGR of 8.7%

The Fiberglass Mold Market size is USD 309 million in 2019 and is projected to reach USD 468 million by 2024, at a CAGR of 8.7% between 2019 and 2024. The major factor driving the market is growing demand from APAC and the emerging wind energy industry.   

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Browse in-depth TOC on “Fiberglass Mold Market”

67 – Tables

34 – Figures

111 – Pages

Epoxy resin is widely used for fiberglass molds. The epoxy resin-based Fiberglass Mold Market is estimated to account for a major share, in terms of value and volume, of the overall market in 2019. Epoxy resins are thermoset resins known for their excellent mechanical, electrical, and high heat resistance properties. They have better physical, mechanical, and adhesion properties and low shrinkage compared to other resins.

Table of Contents

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Macroeconomic Overview and Key Trends

7 Fiberglass Mold Market, By Resin Type

8 Fiberglass Mold Market, By End-Use Industry

9 Fiberglass Mold Market, By Region

10 Competitive Landscape

11 Company Profiles

12 Appendix

APAC is the largest Fiberglass Mold Market, in terms of both value and volume. China, Japan, India, South Korea, Australia are the fast-growing economies that contribute to the growth of the market in the region. The booming wind energy and automotive & transportation industries are bolstering the market for fiberglass mold in the region. APAC accounted for the largest number of wind energy installations globally in 2018, which has created demand for fiberglass molds in the region.

The major players in the Fiberglass Mold Market include Gurit Holding AG (Switzerland), Dencam Composites (Denmark), Norco Composites & GRP (UK), Janicki Industries (US), TPI Composites (US), SCHÜTZ GmbH & Co. KGaA (Germany), Indutch Composites Technology (India), Shandong Shaungyi Technology (China), EUROS GmbH (Germany), and Molded Fiber Glass Companies (US).

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About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.

Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: 1-888-600-6441

Cargo Shipping Market – Global Industry Research Update, Future Scope, Size Estimation, Revenue, Pricing Trends and Forecast to 2021

According to the new market research report Cargo Shipping Market by Cargo Type (Liquid, Dry, General, Container), Industry Type (Food, Electrical/Electronics, Mineral Fuels & Oils, Manufacturing), Trade Routes, Infrastructure, Regulations, and by Freight Forwarding – Global Trends and Forecast to 2021

The cargo shipping market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. Cargo shipping market is projected to reach 12.52 Billion Tons at CAGR of 3.5% from 2016 to 2021. Global economic development, commodity supply and demand are key drivers fuelling the growth of the global cargo shipping trade.

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Key Market Players

The ecosystem of the cargo shipping industry consists of shipping companies such as A.P. Moller Maersk (Denmark), CMA CGM SA (France), and Mediterranean Shipping Company S.A (Switzerland). Freight forwarders such as DHL Global Forwarding (Germany), Panalpina (Switzerland), Ceva Logistics (Netherlands), DB Schenker (Gemany) are also vital part of ecosystem. Shipbuilding and shipping containers manufacturers are also part of cargo shipping ecosystem. There are few trade statistical portals such as the International Trade Centre (ITC), and United Nations Conference on Trade and Development (UNCTAD) among others.

Container Transport: A promising market

The growth in container transport will have highest growth in cargo shipping trade compared to other types of cargos. Demographic changes and the increased globalization drives the growth for container transport. Additionally, the investments in port infrastructure, global supply & demand cycle will have positive impact on container transport. Asia-Pacific region dominates the container transport followed by Europe and North America in 2016.

Asia-Pacific: Largest market for cargo shipping trade

Asia-Pacific accounted for the largest share of the global cargo shipping trade in 2016. Developing Asian economies are driving growth in Asia-Pacific region. China is major exporter in Asia-Pacific as it is developed as manufacturing hub. Market demand, developments in port infrastructure and strong government support have enabled Asia-Pacific to achieve largest market share.

The European region has been segmented into Germany, France, the U.K., Spain and Russia. Europe is estimated to account for the second-largest share in the global cargo shipping trade in 2016. The EU countries are expected to show steady growth in near future due to various initiatives by European Union and rising global demand.

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North America is estimated to have the third-largest market share in cargo shipping trade, by volume, in 2016. . The North American cargo shipping market is projected to grow at a promising CAGR during the forecast period. Growth in global economies will be major factor for cargo shipping trade growth as Canada and Mexico are export oriented economies.

Automotive Wheel Market: Future Opportunities, Market Analysis & Outlook To 2025

According to the new market research report Automotive Wheel Marketby Rim Size (13-15,16-18,19-21,>21 inch), Material (Steel, Alloy, Carbon Fiber), Off-highway (Construction & Mining, Agriculture Tractors) Vehicle Type, Vehicle Class, End-Use, and Region – Global Forecast to 2025. The automotive wheel market is projected to grow at a CAGR of 5.52% from 2017 to 2025. The market for automotive wheels was valued at USD 31.34 Billion in 2016 and is projected to reach USD 50.54 Billion by 2025. The base year for the report is 2016 and the forecast period is 2017 to 2025.

Key Players ofAutomotive Wheel Market

The key players in the automotive wheel market are Iochpe-Maxion (Brazil), Superior Industries International (US), Accuride Corporation (US), Steel Strips Wheels (India), Hitachi Metals (Japan), Enkei (Japan), Citic Dicastal (China), Zhejiang Wanfeng Auto Wheel (China), Borbet (Germany), Mangels Industrial (Brazil), and Mefro Wheels (Germany).

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The alloy wheel segment is estimated to be the largest segment in the Automotive Wheel Market

The alloy wheel is estimated to be the largest segment of the automotive wheel market during the forecast period. The rise in demand for reducing vehicle weight and improved vehicle dynamics for complying with stringent emission norms has fueled the demand for the alloy wheel segment.

OE segment is estimated to be the largest and fastest growing segment in the Automotive Wheel Market

The OE segment is estimated to be the largest and fastest growing market during the forecast period. Wheels are designed to last long with the vehicle life and are replaced or changed in case of accidental damage or by an enthusiast. So, the demand for the wheel is low in the aftermarket as compared to the OE market.

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The luxury priced vehicle segment is estimated to be the largest and fastest growing segment of automotive wheel market in terms of value

The automotive wheel market for luxury priced vehicle is estimated to grow at the highest rate during the forecast period. Luxury-priced vehicles include premium sports vehicle variants, which use high-performance wheels. These vehicles are performance-oriented, and wheels play a vital role in improving the vehicle dynamics. Due to increasing competition in the automotive industry, luxury and premium car manufacturers have increased their focus on high-performance vehicles. These companies along with wheels manufacturers are investing heavily in R&D to develop lightweight and high-strength wheels, which will help boost the car performance.

Asia Pacific: Largest regional market for automotive wheels

Asia Pacific is estimated to be the largest market for automotive wheels. The Asia Pacific region accounts for about ~49% of the global automobile production. The region comprises emerging economies such as China and India along with developed nations such as Japan and South Korea. The increase in sales of vehicles can be attributed to various factors such as increasing per capita income, increased infrastructure spending, attractive FDI from governments, economic production cost, lenient environment regulations, and so on. Additionally, the number of vehicles on the road is increasing owing to the improving road infrastructure and increase in disposable income.

Automotive Lighting Market Witness Significant Growth in the Upcoming years

Global Automotive Lighting Market for ICE & EVs by Technology (Halogen, LED, Xenon), Position (Front, Side, Rear, Interior), Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear-View Mirror), Adaptive Lighting & Region – Forecast to 2022.

The Automotive Lighting Market is majorly driven by increasing vehicle production and increasing lighting applications, especially in passenger cars. Additionally, factors such as passenger and pedestrian safety regulations and increased demand for luxury, comfort, and ambience are driving technological advancements in the automotive lighting industry. The lighting market for automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach USD 29.97 Billion by 2022.

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Key Market Players:

The major companies in the Automotive Lighting market are profiled in the study. These include Hella KGaA Hueck & Co (Germany), Magneti Marelli S.p.A (Italy), Stanley Electric K.K (Japan), Valeo S.A. (France), Koito Manufacturing Co. Ltd. (Japan), Osram Licht AG (Germany), Koninklijke Philips N.V (Netherlands), Hyundai Mobis (South Korea), Ichikoh Industries Ltd. (Japan), and General Electric (U.S.).

LED technology is estimated to showcase the fastest growing and is expected to 
lead in future Automotive Lighting Market
The market for the front LED technology, by value, is projected to grow at the highest CAGR during the forecast period from 2017 to 2022. This growth can be attributed to the benefits offered by LED technology, such as energy efficiency, low power consumption, lightweight, and flexibility. These benefits help to minimize the design constraints as compared to halogen lamps. The technology is estimated to lead the front lighting segment with applications such as Daytime Running Lamp (DRL), and projector headlamps as well as interior lighting segment where its applications are a dashboard, glovebox, reading, dome, and rear view mirror lights.

Front Adaptive Lighting to have the largest market in automotive adaptive lighting
The front adaptive lighting market is expected to be the largest and fastest growing segment in the Automotive Lighting Market, by adaptive lighting. This growth can be attributed to stringent safety regulations in Europe and increased adoption of adaptive lighting features in premium cars in the Asia-Oceania region.

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Asia-Oceania region to dominate the market growth
Asia-Oceania is estimated to dominate the Automotive Lighting Market, by value. It is projected to grow at the highest CAGR of 7.02% during the forecast period. This can be attributed to emerging economies such as China and India. In Asia-Oceania, the growth of automotive lighting solutions has been observed owing to the easy availability of raw materials and strong government support, which have boosted vehicle production and the overall Automotive Lighting Market.

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