Automotive Lighting Market Boom in 2021 with Top Companies - Koninklijke Philips N.V., Mercedes-Benz, Hyundai Group, Tata Motors Limited, Stanley Electric Co.Ltd, among others.

The Automotive Lighting Market is valued at USD 23,490 Million in 2018 and is expected to reach USD 37,719 Million by 2025 with a CAGR of 7.0% over the forecast period.

Market Analysis of Automotive Lighting -

The market growth of automotive lighting is majorly driven by increasing lighting applications and vehicle production. The automotive lighting market is expected to be a prominent market and is predicted to show high growth over the forecast years due to efficient working and economical nature of light-emitting diode (LED) lights. LEDs are light bulbs that are solid and small in size which are very long-lasting and energy-efficient.

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Furthermore, the factors like passenger safety regulations and rising demand for comfort, luxury, and ambiance are boosting the advancement in the technology which indirectly propelling the automotive lighting market growth.

Rising automobile production is expected to raise the consumer demand which indirectly contributes to the growth of the automotive lighting market.
The new vehicles making changes by adopting the technically-advanced systems in their vehicles like lighting control systems and driving assistance.

The integration of the LED lights and the development of laser technology to new vehicles is expected to create huge growth opportunities for the automotive lighting market growth.

Key Players -

The major players operating in the automotive lighting market are Tata Motors Limited, Osram Licht AG, Magneti Marelli S.P.A, Toyota Motor Corporation, Koninklijke Philips N.V., Koito Manufacturing Co.Ltd, Stanley Electric Co.Ltd, Mercedes-Benz, Hyundai Group, Zizala Lichtsysteme Gmbh and Others.

Rising adoption of the sustainable and eco-friendly product by the key market players is projected to propel the growth of the automotive lighting market. However, continuously changing cost of raw material is expected to hamper the growth of the automotive lighting market.

Moreover, the cost of the LED light-based products is high in the economy as compared to conventional halogen and xenon products. These continuous price fluctuations lead to the production of low-quality products and pose difficulties for the manufacturers.

Automotive lighting market report is segmented on the basis of position, technology, vehicle type, and region & country level.

Market Segmentation:-

By Position:

• Rear
• Front
• Interior
• Side

By Technology:

• Halogen
• LED
• Xenon

By Vehicle Type:

• Commercial Vehicle Lighting
• Two-Wheelers Lighting
• Three-Wheelers Lighting
• Passenger Vehicle Lighting
• Tractor Lighting

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Table of Content

1. Chapter - Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Automotive lighting Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Automotive lighting Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Automotive lighting Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter - Global Automotive lighting Market Overview: Quantitative Analysis
4. Chapter – Global Automotive lighting Market Analysis: Segmentation By Type
5. Chapter – Global Automotive lighting Market Analysis: Segmentation By Application

By Regional & Country Level:

North America

o US.
o Canada

Europe

o UK.
o France
o Germany
o Italy

Asia Pacific

o China
o Japan
o India
o Southeast Asia

Latin America

o Brazil
o Mexico

Middle East and Africa

o GCC
o Africa
o Rest of Middle East and Africa

Why to choose us?

1. Get a broad overview of the Global Automotive lighting systems which would help in further Automotive lighting research
2. Get region-specific drivers and challenges affecting the Global Automotive lighting
Market
3. Device market-entry strategies by understanding the driving factors of the market
4. Get relevant company profiles and start-up company profiles

The report covers discussions and qualitative analyses:

• Technological Development
• Trends toward Automotive lighting Market
• significant rise in research and development activities by leading vendors

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