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Automotive Lighting Market Forecast 2023-2032 - Size, Lucrative Segments And Leading Regions
Automotive Lighting Market
The Business Research Company's Automotive Lighting Global Market Report 2023 identifies growing emphasis on road safety as the major driver for the Automotive Lighting market's growth in the forecast period.The demand for safety features along with the adaptive lighting system has increased due to an increase in the number of road accidents worldwide. For instance, in June 2022.
The automotive lighting market size has grown strongly in recent years. It will grow from $26.44 billion in 2023 to $28.3 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%.It will grow to $36.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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Major competitors in the Automotive Lighting market areHELLA GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., Osram Licht AG, Koninklijke Philips N.V., Magnetti Marelli.
A key trend in the Automotive Lighting market includes major companies operating in the automotive lighting. A micro-LED light engine is a display technology that consists of arrays of microscopic LEDs forming the individual pixel elements. For instance, in January 2023, Nichia Corporation, a Japan-based light emitting diode (LED) manufacturing company, together with Infineon Technologies AG, a Germany-based semiconductor manufacturing company, launched an integrated micro-LED light engine (µPLS light engine) for applications requiring high-definition (HD) adaptive driving beams. This product's unique characteristic is that it utilizes Nichia's proprietary internal LED chip and micro-LED technology as well as an integrated LED driver IC from Infineon that can independently drive all 16,384 micro-LEDs under pulse-width modulation (PWM) control.
Read More On The Global Automotive Lighting Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-lighting-global-market-report
The Automotive Lighting market is segmented -
By Vehicle Type: Passenger Vehicle, Commercial Vehicle
By Technology: Halogen, Xenon/HID (High-intensity Discharge Lamp), LED (Light Emitting Diode)
By Application: Front/Headlamps, Rear Lighting, Side, Interior Lighting
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Lighting market.
The Business Research Company's "Global Automotive Lighting Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Lighting Market Include:
1. Executive Summary
2. Automotive Lighting Market Characteristics
3. Automotive Lighting Market Trends And Strategies
4. Automotive Lighting Market - Macro Economic Scenario
5. Global Automotive Lighting Market Size and Growth
…...
31.Global Automotive Lighting Market Competitive Benchmarking
32. Global Automotive Lighting Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automotive Lighting Market
34.Automotive Lighting Market Future Outlook and Potential Analysis
35. Appendix
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