Press release
Automotive Lighting Market to Exhibit Impressive Growth of CAGR during the period 2024-2031
Automotive Lighting Market, Automotive Lighting Market Size, Automotive Lighting Market Share, Automotive Lighting Market Trends
With advancements in LED, laser, and OLED technologies, the market is witnessing a shift towards energy-efficient, durable, and smart lighting systems. These innovations not only enhance vehicle design but also contribute to improved road safety, particularly in adverse weather conditions. Additionally, the rise of electric and autonomous vehicles has accelerated the demand for advanced lighting solutions, integrating sensors and AI-driven technologies for better vehicle communication and autonomous driving functions.
The Global Automotive Lighting Market size was valued at USD 28.89 billion in 2022 and is poised to grow from USD 30.08 billion in 2023 to USD 41.48 billion by 2031, growing at a CAGR of 4.10% in the forecast period (2024-2031).
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The major players profiled in this report include
Koito Manufacturing Co., Ltd. (Japan)
Valeo SA (France)
Stanley Electric Co., Ltd. (Japan)
General Electric Company (US)
Koninklijke Philips N.V. (Netherlands)
TYC Brother Industrial Co., Ltd. (Taiwan)
Varroc Group (India)
Hyundai Mobis Co., Ltd. (South Korea)
Samvardhana Motherson Group (India)
North American Lighting, Inc. (US)
Valeo North America, Inc. (US)
SL Corporation (South Korea)
Guangzhou LEDOauto Lighting Co., Ltd. (China)
Nichia Corporation (Japan)
Panasonic Corporation (Japan)
Everlight Electronics Co., Ltd. (Taiwan)
Seoul Semiconductor Co., Ltd. (South Korea)
Osram Continental GmbH (Germany)
Hyundai Autron (South Korea)
Mitsubishi Electric Corporation (Japan)
Texas Instruments Incorporated (US)
ROHM Semiconductor (Japan)
Regional Coverage of the Automotive Lighting Market:
➤ North America (United States, Canada, and Mexico)
➤ Europe (UK, Germany, France, Russia, and Italy)
➤ Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
➤ South America (Brazil, Colombia, Argentina, etc.)
➤ The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)
Frequently Asked Questions
What does the report cover?
The report incorporates an analysis of factors that promote market growth. The report introduces the competitive landscape of the global market. This also provides a range of different market segments and applications that may affect the market in the future. The analysis is based on current market trends and historical growth data. It includes detailed market segmentation, regional analysis, and industry competition pattern.
How does the report provide the market size of the market?
The report effectively assesses the current market size and provides forecasts for the industry in the form of Value and transaction Volume
Automotive Lighting Market Segments
Vehicle Type
Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
Application
Front Lights, Rear Lights, Side Lights, Interior Lights
Technology
Halogen, Xenon, LED
What market dynamics does this report cover?
Current market size
Market forecast
Market opportunities
Key drivers and restraints
Regulatory scenario
Industry trend
New product approvals/launch
Promotion and marketing initiatives
Pricing analysis
Competitive landscape
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Automotive Lighting Market 2024-2031: Main Highlights
The compound annual growth rate of the market during the forecast period 2024-2031
Detailed information on the factors that will contribute to the growth of the Automotive Lighting market in the next five years
Estimate the size of the Automotive Lighting market and its contribution to the parent market
Forecast of upcoming trends and changes in consumer behavior
Automotive Lighting market growth
Analyze the market competition landscape and provide detailed information about suppliers
Detailed information on the factors that comprehensively challenge the growth of vendors in the Automotive Lighting market
Insightful research reports on the Automotive Lighting market include Pestle analysis, Porter's five forces analysis, and SWOT analysis to understand the factors that affect consumer and supplier behavior
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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Skyquest Technology
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