(EMAILWIRE.COM, July 18, 2018 ) Automotive lighting market comprises of companies that manufacture lighting and signalling devices in motor vehicles which are integrated to front, rear, sides, and in some cases the top of the vehicles.

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The global automotive lighting market was valued at $20 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for more than one-third of the global market. The global automotive lighting market is expected to reach an estimated value of $28.6 billion by 2021. The major drivers of automotive lighting market are increasing vehicle production, concerns over the road safety, legislations by various governments related to automotive lighting, and efficiency of LED automotive lighting technology.

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China was the largest country accounting for one-fifth of the global audio equipment market. China was followed by India and Japan.
The top five competitors in the market are Koito Industries, Ltd. followed by Magneti Marelli S.p.A., Hella KGaA Hueck & Co., Stanley Electric Co., Ltd. and Valeo S.A. Koito Industries is a manufacturer of mechanical components such as railway equipment, headlamps, and airline seats. It is a subsidiary of Koito Manufacturing. The company has its headquarters in Totsuka-ku, Yokohama, Kanagawa, Japan.

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