Automotive Lamp Housing Market - Global Industry Analysis, Size, Share, Growth

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6. MarketOverview The lamp housing in an automobile is the component of the lighting assembly that secures the light bulb. The design of car lamp housings will change as lighting technology advances. This is due to the fact that automakers want their vehicles to be safe, functional, and attractive. Since each sales channel is growing in popularity, industry participants are striving for high aftermarket sales growth in addition to obtaining direct stock contracts with auto OEMs.Manufacturersof lamp housings must use their resources and expertise to come up with new ideas in order to address the problems of a changing market, acquire a competitive edge, and turn them into opportunities, as the standards for interior and external lighting in cars are rising swiftly.Theemergence of lightweight automotive modules is one of the major trends that will result in new product introductions in the automotive lamp industry in the upcoming years. Future cars will have a more natural appearance, save time and money on design, and look better thanks to these components.

7. Market Dynamics: • Market Trends: • Rising Adoption of Advanced Technologies Due to Advance Safety Features  • One significant development in the market is the increasing adoption of new technology. Automobile manufacturers are constantly seeking to develop tiny, light, and efficient technologically upgraded parts. Examples of modern technologies are matrix-led lighting, OLED lighting, and laser illumination. The high-beam unit of a matrix led is composed of 25 components. The matrix LED light can react to other automobiles appropriately thanks to its high-beam capability. • The sensors are coupled to the matrix LED, which automatically dims, turns on, or turns off the light to prevent it from blinding other drivers. For example, Nichia Corporation and Infineon Technologies collaborated to develop a 16,000 micro LED matrix high-definition front illumination system. With this technique, only the lights that require illumination are switched on. As a result, the solution is more effective and uses less energy. • Driving Factors: • Strict Government Regulations on Lighting for Better Visibility and Safety • Strict lighting regulations have forced industrialized nations to turn to North America and Europe for the car lighting industry. Car lights are crucial, particularly while traveling on busy highways. Governments everywhere worry about traffic accidents. According to the World Health Organization (WHO), car crashes claim the lives of almost 1.3 million people annually. Automobile accidents cost most nations 3% of their GDP. Therefore, improving the lighting system is one way to contribute to making driving safer. In an effort to increase road safety, the European Union mandated that daytime running lights (DRLs) be installed on all new cars in 2011. DRL is not designed to help the driver see the road; rather, it is meant to help other drivers see the car.

8. The Global Automotive Lamp Housing Market has been segmented into: • By Application • Front • Rear • Side • Interior • By Technology • LED • Halogen • Xenon • By Vehicle • Passenger Cars • Commercial Vehicles

9. The Global Automotive Lamp Housing Market has been segmented into: • By Region • Europe • Germany • France • Italy • Spain • UK • Nordic Countries • Denmark • Finland • Iceland • Sweden • Norway • Benelux Union • Belgium • The Netherlands • Luxembourg • Rest of Europe • By Region • North America • US • Canada • Mexico • Rest of North America • The Middle East & Africa • Saudi Arabia • UAE • Egypt • South Africa • Rest of the Middle East & Africa • Latin America • Brazil • Argentina • Rest of Latin America • ByRegion • Asia-Pacific • Japan • China • India • Australia • South Korea • Southeast Asia • Indonesia • Thailand • Malaysia • Singapore • Rest of Southeast Asia • Rest of Asia-Pacific

10. Strategic Development: • Hyundai, a multinational carmaker based in South Korea, unveiled the Ioniq 5 in January 2022. It was the first electric vehicle from the firm that wasn't limited by size or design. On the upper edge of the front bumper is a Daytime Running Lamp light bar. The business believes this model is a prototype for how cars will be manufactured in the future because of its distinctive lighting, which sets it apart from the others. • Mitsubishi, a Japanese automaker that serves customers worldwide, revealed the lineup for the 2022 Tokyo Auto Salon in January 2022. Seven vehicles will be displayed, including the K-EV concept, X Style, and Vision Ralliart Concept. According to business officials, the Ralliart Style cars will get new grilles, LED light bars, exposed bolts, and underbody protection. • July 2022: Hella released the latest generation of ambient car lighting. You may utilize the new HELLA Slim Light System to illuminate a huge space, such as the door, and create an atmosphere inside. This system's small design and light weight are its most striking features. It can be placed in between multiple, up to eight millimeter-thick layers. By contrast, contemporary systems measure roughly 20 millimeters in size. • A Memorandum of Understanding ("MOU") was signed in February 2022 between Valeo and SamvardhanaMotherson Automotive Systems Group BV (SMRP BV), a Motherson company. The MOU states that the parties will collaborate to provide lighting systems and automotive interiors with state-of-the-art surface treatments. • July 2019: Gumpert Airways debuted a super sports vehicle with OSRAM Continental lighting at the Geneva Motor Show. The B63R LED projector, featured in the "Nathalie" model, serves two purposes. It emits uniformly bright light and is compact enough to provide designers maximum creative license when creating a vehicle. • Valeo and Cree, Inc. announced in January 2019 that they have collaborated to create the first full-featured high-definition (HD) LED array solution for vehicle lighting systems.

11. Market Players • Truck-Lite Co. LLC • L. Gore & Associates Inc. • Bosch Auto Parts • Advance Auto Parts • Wagner Brake • Oracle Lighting • TYC Genera • O'Reilly Auto Parts • Grainger Industrial Supply • UNO MINDA

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