Light bulbs for automobiles are made in several standardized series. Bulbs used for headlamps, turn signals and brake lamps may be required to comply with international and national regulations governing the types of lamps used. Other automotive lighting applications such as auxiliary lamps or interior lighting may not be regulated, but common types are used by many automotive manufacturers.
India automotive lighting market is projected to grow at a CAGR of over 12% by 2023, on the back of improvement in vehicle safety standards, advanced features in vehicle lighting systems, and government regulations towards vehicle lighting systems. Moreover, increasing automobile production, as well as vehicle fleet is further contributing to the growth of India automotive lighting market.
An incandescent light bulb, incandescent lamp or incandescent light globe is an electric light with a wire filament heated to such a high temperature that it glows with visible light (incandescence). The filament is protected from oxidation with a glass or fused quartz bulb that is filled with inert gas or a vacuum. In a halogen lamp, filament evaporation is slowed by a chemical process that redeposits metal vapor onto the filament, thereby extending its life.
The global lamps market is expected to expand at a modest CAGR from 2015 to 2023. It is estimated that lighting consumes a significant portion of energy production. The growing demand from rural areas on account of initiatives taken by governments across regions is expected to boost the global lamps market. Rural areas in developing nations of India, the Middle East and Latin America are witnessing a surge in the demand for lamps. The demand for lamps exists not only from residential sectors, but also from commercial and industrial sectors, which will ensure a steady growth of the market.