European automotive lighting market is expected to reach $3.9 billion

According to the latest European analysis report (THE EUROPEAN AUTOMOTIVE LIGHTING TECHNOLOGIES MARKETS), the total market value of automotive lighting technology in Europe is expected to reach US$3.9 billion by 2015. Market growth comes from new products like the night vision system market value is expected to reach 1.1 billion US dollars.

The report believes that the three factors of advanced technology, related policies and regulations, and new market competitors will fundamentally affect the European automotive lighting market with market value. After the innovation of automotive lighting technology, once safe, economical and high-efficiency automotive lighting products are put on the market, a group of new companies will immediately participate in the market competition, and the arena of the industry will be redefined.

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