Global Automotive Lighting Market: Emerging Trends, Major Key Players Koninklijke Philips and Valeo

According to the report, The global Automotive Lighting market size is expected to reach $ Billion by 2028 growing at the CAGR of 7.81% from 2021 to 2028. The major factor driving the growth of Automotive Lighting is the increasing demand from end-user industries such as automotive and transportation. The increasing need for safety and security, coupled with the increasing adoption of auto-driving cars, is also projected to fuel the growth of this market.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global AUTOMOTIVE LIGHTING industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Automotive Lighting market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Automotive Lighting players holding highest market share include Koninklijke Philips, Valeo, Osra and Hella KGaA Hueck & Co. These players use acquisition as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Koninklijke Philips
• Valeo
• Osra
• Hella KGaA Hueck & Co
• Magneti Marelli
• DENSO Corporation
• Hyundai Mobis
• Stanley Electric Co Ltd
• Koito Manufacturing Co Ltd
• Robert Bosch

Segmental Analysis

Market Segment By Technology with focus on market share, consumption trend, and growth rate of AUTOMOTIVE LIGHTING Market:
o Halogen
o Xenon/HID
o LED

Market Segment By Application with focus on market share, consumption trend, and growth rate of AUTOMOTIVE LIGHTING Market:
o Front Light
o Rear Light
o Side Light
o Interior Light

Market Segment By Sales Channel with a focus on market share, consumption trend, and growth rate of AUTOMOTIVE LIGHTING Market:
o Original Equipment Manufacturers (OEMs)
o Aftermarket

Market Segment By Vehicle Type with a focus on market share, consumption trend, and growth rate of AUTOMOTIVE LIGHTING Market:
o Passenger Car
o Commercial Vehicle

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Global Automotive Lighting Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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