Press release
Automotive Lighting Market Size is Expected to Grow at a CAGR of 7.5% During the Forecast Period 2019-2026 Featuring General Electric, Osram GmbH, Magneti Marelli S.P.A
Automotive Lighting Market
Lighting systems improve visibility for drivers in case of unusual conditions and enhance the aesthetic appeal of different parts of a vehicle. The emergence of new technologies such as OLED, LED, and laser is providing substantial growth potential, which is anticipated to boost the automotive lighting market; however, the development and implementation of such solutions are complex.
The new updated report by Straits Research titled, ‘Global Automotive Lighting Market Report and Forecast 2021-2029’, gives an in-depth analysis of the global Automotive Lighting market, evaluating the market based on its segments such as type, distribution channels, and major regions and company profiles. The report tracks the latest upcoming trends in the industry and studies their positive impact on the overall market. It also evaluates the industry dynamics, covering the key demand, technology advancement, top industry drivers and price indicators, along with analysing the global industry based on the market segments, SWOT and Porter’s Five Forces models.
Key players and OEMs in the automotive lightening industry possess substantial purchasing power, which allows them to procure lighting systems in bulk and negotiate favorable pricing. Governments are taking initiatives to enhance driving experience and reduce accidents, which is positively influencing the market growth. For instance, the National Road Safety Policy in India has introduced several measures, including safer vehicles, establishing a road safety information database, and safer road infrastructure.
The global automotive lighting market was valued at USD 27.9 billion in 2018 and is projected to reach a value of USD 49.76 billion by 2026, registering a CAGR of 7.5% during the forecast period, 2019–2026.
Get Exclusive Sample of Report on Automotive Lighting Market is Available Here @ https://straitsresearch.com/report/automotive-lighting-market/request-sample
The Automotive Lighting Market Study by StraitsResearch gives a vital tool and source to Industry stakeholders to figure out the market and other important technicalities, covering growth, market current and future opportunities, competitive scenarios, and top key trends in the Automotive Lighting market.
Impacts of COVID-19 on this Market: -
The on-going Covid-19 pandemic has overhauled numerous facets of the market. This industry research report offered financial impacts and market disturbance in the Automotive Lighting market. It also contains an analysis of the potentially profitable industry opportunities and key challenges in the predictable future. They interviewed numerous delegates of the industry and got involved in the primary and secondary research to discuss the clients with information and strategies to fight against the market challenges amongst and after the COVID-19 pandemic.
In June 2017, Magneti Marelli announced the commencement of its new automotive lighting production plant in China for the manufacturing of LED headlamps and rear lamps.
Competitive Landscape:-
Major companies contributing in the global Automotive Lighting market are General Electric, Osram GmbH, Magneti Marelli S.P.A, Koninklijke Philips N., Koito Manufacturing Co. Ltd, Stanley Electric Co., Ltd., Lumax Industries Zizala Lichtsysteme GmbH, Ichikoh Industries Ltd., and Hella KGaA Hueck & Co.,
Geographic Analysis:-
The global Automotive Lighting market has been spread across North America, Europe, Asia-Pacific, the Middle East and Africa, and the Rest of the World.
Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert @ https://straitsresearch.com/buy-now/automotive-lighting-market/global/
Benefits of Purchasing Automotive Lighting Research Report: -
Client satisfaction: The team at Automotive Lighting will assist with all research necessities and provides customized or syndicate industry report
Inimitable Expertise: Analysts will provide in-depth insights into the global Market Analysts Support: Get instant query fixed by the specialist’s pre and post-purchase of the Automotive Lighting Market report
Assured Quality: insight slice maintains the accuracy and quality of the Market
Industry Drivers and Risks:-
The report pays special attention to factors which underwrite to the Insurance Automotive Lighting Market growth also called as market drivers. Any variations in these market dynamics directly affect the market growth hence the report offered a future insight into important key factors that should be observed and which could be leveraged by companies, vendors, industry distributors and all stakeholders alike to their advantage. The report also offers an insight into the key challenges faced by the market and the strategies used by existing industry players to overcome or avoid these risks.
Market Segmentation of Automotive Lighting Market:-
On The Basis of Technology: - LED , Halogen, Xenon
On The Basis of Vehicle Type: - Passenger Cars, Commercial Vehicles, Two-Wheelers
On The Basis of Application: - Interior Lighting, Side Lighting, Rear Lighting, Front Lighting/Headlamp
Click Here to Access the Full Report @ https://straitsresearch.com/report/automotive-lighting-market
Important Questions Answered in the Automotive Lighting Industry Report:-
Which end user segment is anticipated to create profitable development
opportunities globally for the market?
How is the market probable to evolve in the
upcoming years?
What are the upcoming key trends and industry opportunities likely
to triumph the market in the future?
What innovative strategies are adopted by Automotive Lighting
market top vendors to stay forward of the pack?
Which region is estimated to be the most lucrative
region for the market globally?
What are the key restraints affecting the development of the
global Automotive Lighting?
Tactical Key Points Covered in Table of Content of Automotive Lighting Market:-
Chapter 1: Basic Introduction, industry key driving force product Objective of Study and Research Scope Automotive Lighting
Chapter 2: Exclusive Summary – the basic information of Market.
Chapter 3: Displaying the Market Dynamics- Key Drivers, Industry Trends
Chapter 4: Presenting Market Factor Analysis Porters Five Forces, Supply Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the Report Segmentation and Region
Chapter 6: Evaluating the leading industry manufacturers of Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To estimate the market by segments, by countries and by vendors with revenue share and sales by key countries in these numerous regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Click Here to Access the Toc of Automotive Lighting Market Report @ https://straitsresearch.com/report/automotive-lighting-market/toc
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Global Automotive Lighting Market Growth 2021 | Increasing Population and Rising Concerns for Vehicle Safety Are Also Anticipated to Booming Industry Growth
https://www.openpr.com/news/2404679/global-automotive-lighting-market-growth-2021-increasing
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