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Automotive Exterior Smart Lighting Market Report Scope & Overview:

The Automotive Exterior Smart Lighting Market Size was valued at USD 1.13 billion in 2023 and is expected to reach USD 1.72 billion by 2031 and grow at a CAGR of 5.4% over the forecast period 2024-2031.

The Automotive Exterior Smart Lighting Market focuses on technologically advanced lighting systems that enhance a vehicle's aesthetics, visibility, and safety. These lights go beyond simple illumination, featuring functionalities like adaptive beams that adjust to road conditions, welcome and goodbye lights, and even programmable taillights for improved communication with other drivers. This translates to a smarter and safer driving experience. The increasing demand for premium features in cars, with smart lighting seen as a desirable upgrade. The stringent government regulations regarding vehicle safety are pushing manufacturers to adopt advanced lighting technologies. The rise of autonomous vehicles necessitates even more sophisticated lighting systems for effective object detection and communication. The potential for customization and personalization of lighting systems opens doors for aftermarket solutions, allowing drivers to tailor their car's appearance.

Automotive-Exterior-Smart-Lighting-Market Revenue Analysis

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MARKET DYNAMICS:

KEY DRIVERS:

  • Advanced Technologies Revolutionize Automotive Lighting with LEDs, OLEDs, AFS for Enhanced Safety and Aesthetics

Modern cars use advanced lighting systems like LEDs and OLEDs. LEDs are super-efficient and bright, improving night-time visibility. They can even adjust automatically to different road conditions. OLEDs are even thinner and more flexible, allowing for unique designs. Another innovation is Adaptive Front-Lighting Systems, which adjust headlights based on steering and terrain, improving safety on curves and uneven roads.

  • Smart lighting drives market, with LED/OLED enabling customization for a distinctive future driving experience.

RESTRAINTS:

  • Advanced smart lighting systems with intricate designs and features can significantly increase vehicle production costs.

  • Integrating smart lighting systems with existing vehicle electronics can be challenging, requiring specialized knowledge and expertise.

OPPORTUNITIES:

  • User-defined lighting animations and effects allow for personalized car exteriors.

  • Smart lighting can visually signal a car's intent to pedestrians and other drivers.

CHALLENGES:

  • High Costs Threaten Affordability of Advanced Automotive Smart Lighting

Advanced smart lighting is in high demand, but expensive. Advanced systems like matrix and OLED lighting require hefty R&D, complex manufacturing, and pricey materials. This pushes the vehicle price upwards, potentially limiting these features to luxury cars. Electric vehicles especially struggle to balance offering premium features with staying affordable. The industry needs to find cost-effective solutions without sacrificing quality. Economies of scale, better production techniques, and supplier partnerships can help.

IMPACT OF RUSSIA-UKRAINE WAR

The war in Russia-Ukraine disrupts the Automotive Exterior Smart Lighting Market by potentially leading to a 5-10% market decline. The war disrupts supply chains, impacting the availability of crucial components like semiconductors needed for advanced lighting systems. This can lead to production delays and shortages, hindering market growth. The war triggers a rise in material prices due to sanctions and global economic instability. This increases manufacturing costs for smart lighting systems, potentially forcing automakers to prioritize more essential features or even reduce production altogether. These factors combined can lead to a slowdown in the market, especially for high-tech lighting features that may be seen as non-essential during economic uncertainty.

IMPACT OF ECONOMIC SLOWDOWN

An economic slowdown can disrupt the Automotive Exterior Smart Lighting Market. With limited budgets, consumers might prioritize essential features over premium ones like smart lighting. This could lead to a decrease in demand, particularly for high-end lighting systems like adaptive headlights or OLED taillights, potentially impacting sales by 5-10%. The economic downturns can disrupt supply chains and inflate material costs. This can decrease profit margins for automakers who might hesitate to invest in the research and development of next-generation lighting technologies. Budget-conscious consumers might turn to the aftermarket for more affordable customization options like LED upgrades, leading to a potential growth of 2-3%. Thus, an economic slowdown is likely to dampen the market for high-end smart lighting systems but could nudge the aftermarket segment upwards.

KEY MARKET SEGMENTS:

By Product

  • Parking

  • Fog Light Front

  • Fog Light Rear

  • Stop Light

  • Side Signals/Warning Signals

  • Head Lamp

  • Brake/Tail Light

  • License/Number Plate

  • Panel Lights

Head Lamps is the dominating sub-segment in the Automotive Exterior Smart Lighting Market by product holding around 40-45% of market share. Head lamps are the most critical exterior lighting component, playing a vital role in nighttime visibility and safety. Advancements in smart lighting technology are heavily focused on headlights, with features like adaptive beams and automatic high beams significantly improving driving experience.

By Vehicle Type

  • Passenger Cars

  • Commercial Vehicles

Passenger Cars is the dominating sub-segment in the Automotive Exterior Smart Lighting Market by vehicle type holding around 70-75% of market share. Passenger cars account for the majority of vehicles on the road globally. Additionally, there's a growing consumer preference for premium features in passenger cars, leading to a higher adoption rate of advanced smart lighting systems compared to commercial vehicles.

Automotive-Exterior-Smart-Lighting-Market-Segmentation-By-Vehicle-Type

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By Technology

  • Halogen

  • Xenon

  • LED

  • Others

LED (Light-Emitting Diode) is the dominating sub-segment in the Automotive Exterior Smart Lighting Market by technology holding around 65-70% of market share. LED technology offers several advantages over traditional halogen and xenon options. LEDs are more energy-efficient, have a longer lifespan, and provide greater design flexibility for intricate lighting effects. This makes them the preferred choice for automakers looking to integrate smart lighting features.

REGIONAL ANALYSES

The Asia-Pacific is the dominating region in Automotive Exterior Smart Lighting Market holding 55% of market share due to several factors. Firstly, rapid technological advancements in emerging nations like China and India are fueling the demand for feature-rich vehicles.

Europe is the second highest region in this market with well-established automotive industry with a strong focus on safety and innovation. This has led to a high adoption rate of smart lighting technologies in European vehicles. Additionally, government incentives for eco-friendly vehicles, many of which utilize advanced lighting systems, further contribute to the market growth in this region.

North America is experiencing the fastest growth due to the increasing demand for luxury vehicles equipped with premium lighting features is a key driver. Moreover, rising consumer awareness about safety benefits of smart lighting systems is propelling the market forward.

Automotive Exterior Smart Lighting Market By Region

REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS

The major key players are Hyundai Mobis, Lumax Industries, Stanley Electric Co. Ltd, Valeo Group, Koito Manufacturing Co. Ltd, OsRam Licht AG, Magneti Marelli SpA, Lumax Industries, HELLA KGaA Hueck & Co. and Mitsuba Corporation and other key players. 

Hyundai Mobis-Company Financial Analysis

Company Landscape Analysis

 

RECENT DEVELOPMENT

  • In March 2024: MG Motor India, now JSW MG Motor India, showcased the electric sports car Cyberster with a 3.2 second 0-100 km/h acceleration. This joint venture between SAIC Motor and JSW Group aims to bring new EV technology to India.

Automotive Exterior Smart Lighting Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 1.15 Billion
Market Size by 2031 US$ 1.86 Billion
CAGR CAGR of 6.2% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Bus, Truck)
• By Technology (Halogen, LED, Xenon)
• By Application (Exterior Lighting, Interior Lighting)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Hyundai Mobis (South Korea), Lumax Industries (India), Stanley Electric Co. Ltd (Japan), Valeo Group (France), Koito Manufacturing Co. Ltd (Japan),OsRam Licht AG (Germany), Magneti Marelli SpA (Italy), Lumax Industries (India), HELLA KGaA Hueck & Co. (Germany) and Mitsuba Corporation (Japan) 
DRIVERS • Rule on lighting for better visibility and safety
• Lowering the cost of LEDs
• Improving public awareness about automobile safety
Restraints • LED lights are expensive.

Frequently Asked Questions

Ans: The expected CAGR of the global Automotive Exterior Smart Lighting Market during the forecast period is 5.4%.

Ans: The Automotive Exterior Smart Lighting Market was valued at USD 1.13 billion in 2023.

Ans: Advancements in lighting tech, safety regulations, and consumer demand for premium features.

Ans: Asia-Pacific, due to rapid technological advancements and rising demand for feature-rich vehicles.

Ans: Hyundai Mobis, Lumax Industries, Stanley Electric, Valeo, Koito Manufacturing, Osram Licht.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8. Pest Analysis

9. Automotive Exterior Smart Lighting Market Segmentation, By Product
9.1 Introduction
9.2 Trend Analysis
9.3 Parking
9.4 Fog Light Front
9.5 Fog Light Rear
9.6 Stop Light
9.7 Side Signals/Warning Signals
9.8 Head Lamp
9.9 Brake/Tail Light
9.10 License/Number Plate
9.11 Panel Lights

10. Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
10.1 Introduction
10.2 Trend Analysis
10.3 Passenger Cars
10.4 Commercial Vehicles

11. Automotive Exterior Smart Lighting Market Segmentation, By Technology
11.1 Introduction
11.2  Trend Analysis
11.3 Halogen
11.4 Xenon
11.5 LED
11.6 Others

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Automotive Exterior Smart Lighting Market Segmentation, by Country
12.2.3 North America Automotive Exterior Smart Lighting Market Segmentation, By Product
12.2.4 North America Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.2.5 North America Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.2.6 USA
12.2.6.1 USA Automotive Exterior Smart Lighting Market Segmentation, By Product
12.2.6.2 USA Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.2.6.3 USA Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.2.7 Canada
12.2.7.1 Canada Automotive Exterior Smart Lighting Market Segmentation, By Product
12.2.7.2 Canada Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.2.7.3 Canada Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.2.8 Mexico
12.2.8.1 Mexico Automotive Exterior Smart Lighting Market Segmentation, By Product
12.2.8.2 Mexico Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.2.8.3 Mexico Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Automotive Exterior Smart Lighting Market Segmentation, By Country
12.3.2.2 Eastern Europe Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.2.3 Eastern Europe Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.2.4 Eastern Europe Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.2.5 Poland
12.3.2.5.1 Poland Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.2.5.2 Poland Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.2.5.3 Poland Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.2.6 Romania
12.3.2.6.1 Romania Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.2.6.2 Romania Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.2.6.4 Romania Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.2.7 Hungary
12.3.2.7.1 Hungary Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.2.7.2 Hungary Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.2.7.3 Hungary Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.2.8 Turkey
12.3.2.8.1 Turkey Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.2.8.2 Turkey Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.2.8.3 Turkey Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.2.9.2 Rest of Eastern Europe Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.2.9.3 Rest of Eastern Europe Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3 Western Europe
12.3.3.1 Western Europe Automotive Exterior Smart Lighting Market Segmentation, By Country
12.3.3.2 Western Europe Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.3 Western Europe Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.4 Western Europe Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3.5 Germany
12.3.3.5.1 Germany Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.5.2 Germany Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.5.3 Germany Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3.6 France
12.3.3.6.1 France Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.6.2 France Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.6.3 France Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3.7 UK
12.3.3.7.1 UK Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.7.2 UK Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.7.3 UK Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3.8 Italy
12.3.3.8.1 Italy Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.8.2 Italy Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.8.3 Italy Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3.9 Spain
12.3.3.9.1 Spain Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.9.2 Spain Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.9.3 Spain Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.10.2 Netherlands Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.10.3 Netherlands Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.11.2 Switzerland Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.11.3 Switzerland Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3.1.12 Austria
12.3.3.12.1 Austria Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.12.2 Austria Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.12.3 Austria Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Automotive Exterior Smart Lighting Market Segmentation, By Product
12.3.3.13.2 Rest of Western Europe Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.3.3.13.3 Rest of Western Europe Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Automotive Exterior Smart Lighting Market Segmentation, By Country
12.4.3 Asia-Pacific Automotive Exterior Smart Lighting Market Segmentation, By Product
12.4.4 Asia-Pacific Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.4.5 Asia-Pacific Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.4.6 China
12.4.6.1 China Automotive Exterior Smart Lighting Market Segmentation, By Product
12.4.6.2 China Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.4.6.3 China Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.4.7 India
12.4.7.1 India Automotive Exterior Smart Lighting Market Segmentation, By Product
12.4.7.2 India Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.4.7.3 India Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.4.8 Japan
12.4.8.1 Japan Automotive Exterior Smart Lighting Market Segmentation, By Product
12.4.8.2 Japan Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.4.8.3 Japan Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.4.9 South Korea
12.4.9.1 South Korea Automotive Exterior Smart Lighting Market Segmentation, By Product
12.4.9.2 South Korea Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.4.9.3 South Korea Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.4.10 Vietnam
12.4.10.1 Vietnam Automotive Exterior Smart Lighting Market Segmentation, By Product
12.4.10.2 Vietnam Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.4.10.3 Vietnam Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.4.11 Singapore
12.4.11.1 Singapore Automotive Exterior Smart Lighting Market Segmentation, By Product
12.4.11.2 Singapore Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.4.11.3 Singapore Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.4.12 Australia
12.4.12.1 Australia Automotive Exterior Smart Lighting Market Segmentation, By Product
12.4.12.2 Australia Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.4.12.3 Australia Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Automotive Exterior Smart Lighting Market Segmentation, By Product
12.4.13.2 Rest of Asia-Pacific Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.4.13.3 Rest of Asia-Pacific Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Automotive Exterior Smart Lighting Market Segmentation, By Country
12.5.2.2 Middle East Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.2.3 Middle East Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.2.4 Middle East Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5.2.5 UAE
12.5.2.5.1 UAE Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.2.5.2 UAE Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.2.5.3 UAE Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5.2.6 Egypt
12.5.2.6.1 Egypt Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.2.6.2 Egypt Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.2.6.3 Egypt Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.2.7.2 Saudi Arabia Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.2.7.3 Saudi Arabia Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5.2.8 Qatar
12.5.2.8.1 Qatar Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.2.8.2 Qatar Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.2.8.3 Qatar Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.2.9.2 Rest of Middle East Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.2.9.3 Rest of Middle East Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5.3 Africa
12.5.3.1 Africa Automotive Exterior Smart Lighting Market Segmentation, By Country
12.5.3.2 Africa Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.3.3 Africa Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.3.4 Africa Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.3.5.2 Nigeria Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.3.5.3 Nigeria Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5.3.6 South Africa
12.5.3.6.1 South Africa Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.3.6.2 South Africa Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.3.6.3 South Africa Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Automotive Exterior Smart Lighting Market Segmentation, By Product
12.5.3.7.2 Rest of Africa Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.5.3.7.3 Rest of Africa Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Automotive Exterior Smart Lighting Market Segmentation, By Country
12.6.3 Latin America Automotive Exterior Smart Lighting Market Segmentation, By Product
12.6.4 Latin America Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.6.5 Latin America Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.6.6 Brazil
12.6.6.1 Brazil Automotive Exterior Smart Lighting Market Segmentation, By Product
12.6.6.2 Brazil Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.6.6.3 Brazil Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.6.7 Argentina
12.6.7.1 Argentina Automotive Exterior Smart Lighting Market Segmentation, By Product
12.6.7.2 Argentina Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.6.7.3 Argentina Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.6.8 Colombia
12.6.8.1 Colombia Automotive Exterior Smart Lighting Market Segmentation, By Product
12.6.8.2 Colombia Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.6.8.3 Colombia Automotive Exterior Smart Lighting Market Segmentation, By Technology
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Automotive Exterior Smart Lighting Market Segmentation, By Product
12.6.9.2 Rest of Latin America Automotive Exterior Smart Lighting Market Segmentation, By Vehicle Type
12.6.9.3 Rest of Latin America Automotive Exterior Smart Lighting Market Segmentation, By Technology

13. Company Profiles
13.1 Hyundai Mobis
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Test Application/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Lumax Industries
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Test Application / Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Stanley Electric Co. Ltd
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Test Application / Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Valeo Group
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Test Application / Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Koito Manufacturing Co. Ltd
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Test Application/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 OsRam Licht AG
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Test Application/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Magneti Marelli SpA
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Test Application/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Lumax Industries
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Test Application/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 HELLA KGaA Hueck & Co.
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Test Application/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Mitsuba Corporation
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Test Application/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. Use Case and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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