On Highway Vehicle Lighting Market
PUBLISHED: 2023 ID: SMRC22381
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On Highway Vehicle Lighting Market

On-Highway Vehicle Lighting Market Forecasts to 2028 - Global Analysis By Product (Halogen, LED, HID, LASER, Incandescent and Other Products), Application (Exterior Lights, Internal Lights, Headlight and Other Applications), Vehicle Type and By Geography

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5.0 (79 reviews)
Published: 2023 ID: SMRC22381

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $28.84 BN

Projected Year Value (2028)

US $43.04 BN

CAGR (2022 - 2028)

6.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe

 

According to Stratistics MRC, the Global On-Highway Vehicle Lighting Market is accounted for $28.84 billion in 2022 and is expected to reach $43.04 billion by 2028 growing at a CAGR of 6.9% during the forecast period. On-highway vehicle lighting refers to the lighting used in passenger and commercial vehicles. All vehicles manufactured to be run on tar roads are termed as on-highway vehicles. It excludes off-road vehicles. Different forms of lighting are installed in all vehicles. It improves the aesthetic appearance of the vehicle interior. It provides visibility, memorable design, improved security and enhanced performance. This lighting helps the drivers to see the objects clearly at night. Vehicle Lighting helps to decrease road accidents particularly during night time. A strong emphasis is being put on the vehicle headlight’s performance as research continues to expose safety concerns.

According to SYLVANIA Automotive Lighting Survey, more than two thirds of drivers increasingly concerned about driving at night. 83% of drivers agree that headlights are definitely connected to increased vehicle safety, and 63% admit changing out their headlights is a very important precautionary measure.



 

Market Dynamics:

Driver:

Growing road accidents

Rapid increase in night driving owing to long work hours are anticipated to terrible accidents. To prevent such scenarios, On-highway vehicle lighting is used. Ambient lighting is used to improve the visual appearance of the vehicle. Furthermore, changing climate in numerous countries generates smog, which limits the visibility while driving, thereby leading to major accidents. To curb such accidents from occurring, vehicle lighting is made compulsory which is propelling the market growth.

Restraint:

Stringent regulations to ensure optimum road illumination

Due to the raising accidents, the government made the regulations stricter. The vehicle lighting system should contain proper luminarie aesthetics, high lamp efficiency and should render good colour. Every vehicle should have proper application of modern lighting techniques for the reduction of fatal and non fatal accidents and illegal actions. All these aspects are hindering the growth of the market.

Opportunity:

Advanced technology

The surge in the adoption of the latest technologies in automotive lighting has raised the penetration of LED lighting in the automotive industry. It benefits the light’s compact size and ability to illuminate a significant stretch of the road. Emerging economies are growing investments for latest expertise in lighting technology. The growing use of cutting-edge automotive lighting technologies, advancements in laser and LED technologies are fuelling the market growth.

Threat:

Huge costs

The price rates of the vehicle lighting systems are high as they are manufactured to function for a very long period. HID lights are also designed to last much longer than halogen headlights. The technological advancements are made to provide better visibility and illumination. The interior and exterior ambient lights are added for appearance. All these additional features are making manufacturers to raise the price rates and therefore hindering the growth of the market.

Covid-19 Impact

The COVID-19 pandemic has negatively impacted the demand for on-highway vehicle lighting. The overall automotive production volumes have witnessed a significant decline globally due to the decreased production volumes. The market faced issues in raw material supplies and production delays due to looming delays in international export and import shipments. However, the post pandemic regained strength by the growing demand for cars from the middle-class population.

The Light-Emitting Diode (LED) segment is expected to be the largest during the forecast period

The Light-Emitting Diode (LED) segment is estimated to have a lucrative growth, due to its cool daylight colour and instant brightness. LED lamps improve the visibility and reduce the light glare ratio compared to the adaptive high beam lights. They can be used in Center High-mounted Stop Lamps (CHMSL) and Daytime Running Lights (DRLs). It can flank the headlight in long vertical lines and can be used as integrated turn-signal indicators which are driving the market growth.

The LASER segment is expected to have the highest CAGR during the forecast period

The LASER segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growing demand for luxury vehicles across the emerging and developed economies. A LASER produces powerful bright light by stimulating gas with a laser beam. Incorporating LASER technology into vehicle headlamps benefits its compact size and ability to illuminate a significant stretch of the road compared to other light sources.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to higher vehicle production. Substantial investments in the automotive sector are owing to several benefits in the country such as low-cost labor and cheaper raw materials. The growing investments in lighting technology and evolving automotive industry in emerging economies are fuelling the market growth in this region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to higher rate of adoption of technology. This region is also having huge automobile production. Audi, BMW, Ford, Mercedes-Benz, Porsche, and Volkswagen are among the region’s leading automobile manufacturers. This region is having higher demand for passenger vehicles. The market growth is largely expanding due to increased mining and building activities.



 

Key players in the market

Some of the key players profiled in the On-Highway Vehicle Lighting Market include Hyundai Mobis Co Ltd, Johnson Electric Holdings Limited, Koninklijke Philips N.V., De Amertek Corp Inc, LG Display Co Ltd, Optronics International LLC, HELLA GmbH & Co KGaA, Koito Manufacturing, Ltd., Magneti Marelli S.p.A., Spyder Auto, Maxxima, TYC Genera, Neolite ZKW Lightings Pvt Ltd, Zizala Lichtsysteme GmbH (LG Electronics), Valeo S.A., ZKW Group, SG Automotive, Continental AG, Ichikoh Industries Ltd, Robert Bosch GMBH

Key Developments:

In October 2022, Bosch launched cost-effective motion sensor BMI323. The BMI323’s combination of simplicity with an excellent price-performance ratio will open up new applications for IMUs that combines precise acceleration and angular rate (gyroscopic) measurement with intelligent integrated features that are triggered by motion.

In September 2021, SG Automotive Group announced that it intends to acquire the advanced technologies of Chery S18 (Ruiqi M1) and S18D (Ruiqi X1) models held by Tianjin Meiya New Energy Automobile Co., Ltd. in an effort to develop and produce pure electric sedans and SUVs. The deal between the two parties is worth 132 million yuan ($20.409 million).

Products Covered:
• Halogen
• Light-Emitting Diode (LED)
• High Intensity Discharge (HID)
• LASER
• Incandescent
• Other Products

Applications Covered:
• Exterior Lights
• Internal Lights
• Headlight
• Other Applications

Vehicle Types Covered:
• Passenger Cars
• Buses
• Motorcycle
• Light Trucks
• Medium Trucks
• Heavy Trucks
• Other Vehicle Types

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global On-Highway Vehicle Lighting Market, By Product
5.1 Introduction
5.2 Halogen
5.3 Light-Emitting Diode (LED)
5.4 High Intensity Discharge (HID)
5.5 LASER
5.6 Incandescent
5.7 Other Products

6 Global On-Highway Vehicle Lighting Market, By Application
6.1 Introduction
6.2 Exterior Lights
6.3 Internal Lights
6.4 Headlight
6.5 Other Applications

7 Global On-Highway Vehicle Lighting Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Cars
7.3 Buses
7.4 Motorcycle
7.5 Light Trucks
7.6 Medium Trucks
7.7 Heavy Trucks
7.8 Other Vehicle Types

8 Global On-Highway Vehicle Lighting Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Hyundai Mobis Co Ltd
10.2 Johnson Electric Holdings Limited
10.3 Koninklijke Philips N.V.
10.4 De Amertek Corp Inc
10.5 LG Display Co Ltd
10.6 Optronics International LLC
10.7 HELLA GmbH & Co KGaA
10.8 Koito Manufacturing, Ltd.
10.9 Magneti Marelli S.p.A.
10.10 Spyder Auto
10.11 Maxxima
10.12 TYC Genera
10.13 Neolite ZKW Lightings Pvt Ltd
10.14 Zizala Lichtsysteme GmbH (LG Electronics)
10.15 Valeo S.A.
10.16 ZKW Group
10.17 SG Automotive
10.18 Continental AG
10.19 Ichikoh Industries Ltd
10.20 Robert Bosch GMBH

List of Tables
1 Global On-Highway Vehicle Lighting Market Outlook, By Region (2020-2028) ($MN)
2 Global On-Highway Vehicle Lighting Market Outlook, By Product (2020-2028) ($MN)
3 Global On-Highway Vehicle Lighting Market Outlook, By Halogen (2020-2028) ($MN)
4 Global On-Highway Vehicle Lighting Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
5 Global On-Highway Vehicle Lighting Market Outlook, By High Intensity Discharge (HID) (2020-2028) ($MN)
6 Global On-Highway Vehicle Lighting Market Outlook, By LASER (2020-2028) ($MN)
7 Global On-Highway Vehicle Lighting Market Outlook, By Incandescent (2020-2028) ($MN)
8 Global On-Highway Vehicle Lighting Market Outlook, By Other Products (2020-2028) ($MN)
9 Global On-Highway Vehicle Lighting Market Outlook, By Application (2020-2028) ($MN)
10 Global On-Highway Vehicle Lighting Market Outlook, By Exterior Lights (2020-2028) ($MN)
11 Global On-Highway Vehicle Lighting Market Outlook, By Internal Lights (2020-2028) ($MN)
12 Global On-Highway Vehicle Lighting Market Outlook, By Headlight (2020-2028) ($MN)
13 Global On-Highway Vehicle Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
14 Global On-Highway Vehicle Lighting Market Outlook, By Vehicle Type (2020-2028) ($MN)
15 Global On-Highway Vehicle Lighting Market Outlook, By Passenger Cars (2020-2028) ($MN)
16 Global On-Highway Vehicle Lighting Market Outlook, By Buses (2020-2028) ($MN)
17 Global On-Highway Vehicle Lighting Market Outlook, By Motorcycle (2020-2028) ($MN)
18 Global On-Highway Vehicle Lighting Market Outlook, By Light Trucks (2020-2028) ($MN)
19 Global On-Highway Vehicle Lighting Market Outlook, By Medium Trucks (2020-2028) ($MN)
20 Global On-Highway Vehicle Lighting Market Outlook, By Heavy Trucks (2020-2028) ($MN)
21 Global On-Highway Vehicle Lighting Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
22 North America On-Highway Vehicle Lighting Market Outlook, By Country (2020-2028) ($MN)
23 North America On-Highway Vehicle Lighting Market Outlook, By Product (2020-2028) ($MN)
24 North America On-Highway Vehicle Lighting Market Outlook, By Halogen (2020-2028) ($MN)
25 North America On-Highway Vehicle Lighting Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
26 North America On-Highway Vehicle Lighting Market Outlook, By High Intensity Discharge (HID) (2020-2028) ($MN)
27 North America On-Highway Vehicle Lighting Market Outlook, By LASER (2020-2028) ($MN)
28 North America On-Highway Vehicle Lighting Market Outlook, By Incandescent (2020-2028) ($MN)
29 North America On-Highway Vehicle Lighting Market Outlook, By Other Products (2020-2028) ($MN)
30 North America On-Highway Vehicle Lighting Market Outlook, By Application (2020-2028) ($MN)
31 North America On-Highway Vehicle Lighting Market Outlook, By Exterior Lights (2020-2028) ($MN)
32 North America On-Highway Vehicle Lighting Market Outlook, By Internal Lights (2020-2028) ($MN)
33 North America On-Highway Vehicle Lighting Market Outlook, By Headlight (2020-2028) ($MN)
34 North America On-Highway Vehicle Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
35 North America On-Highway Vehicle Lighting Market Outlook, By Vehicle Type (2020-2028) ($MN)
36 North America On-Highway Vehicle Lighting Market Outlook, By Passenger Cars (2020-2028) ($MN)
37 North America On-Highway Vehicle Lighting Market Outlook, By Buses (2020-2028) ($MN)
38 North America On-Highway Vehicle Lighting Market Outlook, By Motorcycle (2020-2028) ($MN)
39 North America On-Highway Vehicle Lighting Market Outlook, By Light Trucks (2020-2028) ($MN)
40 North America On-Highway Vehicle Lighting Market Outlook, By Medium Trucks (2020-2028) ($MN)
41 North America On-Highway Vehicle Lighting Market Outlook, By Heavy Trucks (2020-2028) ($MN)
42 North America On-Highway Vehicle Lighting Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
43 Europe On-Highway Vehicle Lighting Market Outlook, By Country (2020-2028) ($MN)
44 Europe On-Highway Vehicle Lighting Market Outlook, By Product (2020-2028) ($MN)
45 Europe On-Highway Vehicle Lighting Market Outlook, By Halogen (2020-2028) ($MN)
46 Europe On-Highway Vehicle Lighting Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
47 Europe On-Highway Vehicle Lighting Market Outlook, By High Intensity Discharge (HID) (2020-2028) ($MN)
48 Europe On-Highway Vehicle Lighting Market Outlook, By LASER (2020-2028) ($MN)
49 Europe On-Highway Vehicle Lighting Market Outlook, By Incandescent (2020-2028) ($MN)
50 Europe On-Highway Vehicle Lighting Market Outlook, By Other Products (2020-2028) ($MN)
51 Europe On-Highway Vehicle Lighting Market Outlook, By Application (2020-2028) ($MN)
52 Europe On-Highway Vehicle Lighting Market Outlook, By Exterior Lights (2020-2028) ($MN)
53 Europe On-Highway Vehicle Lighting Market Outlook, By Internal Lights (2020-2028) ($MN)
54 Europe On-Highway Vehicle Lighting Market Outlook, By Headlight (2020-2028) ($MN)
55 Europe On-Highway Vehicle Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
56 Europe On-Highway Vehicle Lighting Market Outlook, By Vehicle Type (2020-2028) ($MN)
57 Europe On-Highway Vehicle Lighting Market Outlook, By Passenger Cars (2020-2028) ($MN)
58 Europe On-Highway Vehicle Lighting Market Outlook, By Buses (2020-2028) ($MN)
59 Europe On-Highway Vehicle Lighting Market Outlook, By Motorcycle (2020-2028) ($MN)
60 Europe On-Highway Vehicle Lighting Market Outlook, By Light Trucks (2020-2028) ($MN)
61 Europe On-Highway Vehicle Lighting Market Outlook, By Medium Trucks (2020-2028) ($MN)
62 Europe On-Highway Vehicle Lighting Market Outlook, By Heavy Trucks (2020-2028) ($MN)
63 Europe On-Highway Vehicle Lighting Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
64 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Country (2020-2028) ($MN)
65 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Product (2020-2028) ($MN)
66 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Halogen (2020-2028) ($MN)
67 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
68 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By High Intensity Discharge (HID) (2020-2028) ($MN)
69 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By LASER (2020-2028) ($MN)
70 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Incandescent (2020-2028) ($MN)
71 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Other Products (2020-2028) ($MN)
72 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Application (2020-2028) ($MN)
73 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Exterior Lights (2020-2028) ($MN)
74 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Internal Lights (2020-2028) ($MN)
75 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Headlight (2020-2028) ($MN)
76 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
77 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Vehicle Type (2020-2028) ($MN)
78 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Passenger Cars (2020-2028) ($MN)
79 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Buses (2020-2028) ($MN)
80 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Motorcycle (2020-2028) ($MN)
81 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Light Trucks (2020-2028) ($MN)
82 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Medium Trucks (2020-2028) ($MN)
83 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Heavy Trucks (2020-2028) ($MN)
84 Asia Pacific On-Highway Vehicle Lighting Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
85 South America On-Highway Vehicle Lighting Market Outlook, By Country (2020-2028) ($MN)
86 South America On-Highway Vehicle Lighting Market Outlook, By Product (2020-2028) ($MN)
87 South America On-Highway Vehicle Lighting Market Outlook, By Halogen (2020-2028) ($MN)
88 South America On-Highway Vehicle Lighting Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
89 South America On-Highway Vehicle Lighting Market Outlook, By High Intensity Discharge (HID) (2020-2028) ($MN)
90 South America On-Highway Vehicle Lighting Market Outlook, By LASER (2020-2028) ($MN)
91 South America On-Highway Vehicle Lighting Market Outlook, By Incandescent (2020-2028) ($MN)
92 South America On-Highway Vehicle Lighting Market Outlook, By Other Products (2020-2028) ($MN)
93 South America On-Highway Vehicle Lighting Market Outlook, By Application (2020-2028) ($MN)
94 South America On-Highway Vehicle Lighting Market Outlook, By Exterior Lights (2020-2028) ($MN)
95 South America On-Highway Vehicle Lighting Market Outlook, By Internal Lights (2020-2028) ($MN)
96 South America On-Highway Vehicle Lighting Market Outlook, By Headlight (2020-2028) ($MN)
97 South America On-Highway Vehicle Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
98 South America On-Highway Vehicle Lighting Market Outlook, By Vehicle Type (2020-2028) ($MN)
99 South America On-Highway Vehicle Lighting Market Outlook, By Passenger Cars (2020-2028) ($MN)
100 South America On-Highway Vehicle Lighting Market Outlook, By Buses (2020-2028) ($MN)
101 South America On-Highway Vehicle Lighting Market Outlook, By Motorcycle (2020-2028) ($MN)
102 South America On-Highway Vehicle Lighting Market Outlook, By Light Trucks (2020-2028) ($MN)
103 South America On-Highway Vehicle Lighting Market Outlook, By Medium Trucks (2020-2028) ($MN)
104 South America On-Highway Vehicle Lighting Market Outlook, By Heavy Trucks (2020-2028) ($MN)
105 South America On-Highway Vehicle Lighting Market Outlook, By Other Vehicle Types (2020-2028) ($MN)
106 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Country (2020-2028) ($MN)
107 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Product (2020-2028) ($MN)
108 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Halogen (2020-2028) ($MN)
109 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Light-Emitting Diode (LED) (2020-2028) ($MN)
110 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By High Intensity Discharge (HID) (2020-2028) ($MN)
111 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By LASER (2020-2028) ($MN)
112 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Incandescent (2020-2028) ($MN)
113 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Other Products (2020-2028) ($MN)
114 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Application (2020-2028) ($MN)
115 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Exterior Lights (2020-2028) ($MN)
116 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Internal Lights (2020-2028) ($MN)
117 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Headlight (2020-2028) ($MN)
118 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Other Applications (2020-2028) ($MN)
119 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Vehicle Type (2020-2028) ($MN)
120 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Passenger Cars (2020-2028) ($MN)
121 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Buses (2020-2028) ($MN)
122 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Motorcycle (2020-2028) ($MN)
123 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Light Trucks (2020-2028) ($MN)
124 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Medium Trucks (2020-2028) ($MN)
125 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Heavy Trucks (2020-2028) ($MN)
126 Middle East & Africa On-Highway Vehicle Lighting Market Outlook, By Other Vehicle Types (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


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Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

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