Automotive Lighting Market Expected to Witness a Significant Growth of USD 37.84 Billion Globally by 2023, at CAGR of 7.23% | Stanley Electric, Valeo Group, Hyundai Mobis, Philips, AGM Automotive, Lumax Industries

Global Automotive Lighting Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Automotive Lighting report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies.

Overview of the Global Automotive Lighting Market:

The report spread across 111 pages is an overview of the Global Automotive Lighting Market. These report study based on the Automotive Lighting Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies. Automotive Lighting Market Research Report is a meticulous investigation of current scenario of the market, which covers several market dynamics.

The Global Automotive Lighting Market is expected to register a CAGR of 7.23% during the forecast period (2018 - 2023), with a market size of USD 37.84 Billion by 2023.

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LEDS and laser are most trending automotive lighting technologies, and gradually experiencing increase in the adoption rate majorly in the luxury and premium type segmented vehicles. Among the aforementioned lighting technology, LEDS have already started penetrating into medium class cars. Exterior lighting being an essential part for every automobile has significantly covered a major of the lighting market.

Car manufacturers known for their more flamboyant interiors have been gaining popularity, especially in the fast-growing Asia-Pacific. In some of the Asia-Pacific countries, the prices of automobiles are relatively high and customers expect a high quality of interiors and exteriors at that price point, so manufacturers have to invest in upgrading them specifically for the price conscious Asia-Pacific region.

Passenger cars sales have been increasing across the globe. In 2016, global passenger car sales accounted for 69,464,432 units. China has the largest share for passenger vehicles, followed by the United States, Japan, Germany, South Korea and India. China alone contributed to 26.99% of the global sales. This improvement in sales in expected to encourage automakers to ramp up the production activities, driving the market for automotive lighting over the forecast period.

This comprehensive Automotive Lighting Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 Stanley Electric Co., Ltd

2 Valeo Group

3 Hyundai Mobis

4 Philips

5 HELLA KGaA Hueck & Co.

6 Magnetic Marelli S.p.A

7 AGM Automotive, LLC

8 Ichikoh Industries, Ltd.

9 Lumax Industries Ltd.

10 Jiangsu Tongming Auto Lamp Co., Ltd. And More…………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview And Technology Trends

5 Market Dynamics

6 Global Automotive Lighting Market Segmentation, By Technology

7 Global Automotive Lighting Market Segmentation, By Vehicle Type

8 Global Automotive Lighting Market Segmentation, By Geography

9 Competitive Landscape

10 Company Profiles

11 Future of the Market

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