Press release
Projected Growth in the On-Highway Vehicle Lighting Market: Market Size, CAGR, Driving Factors, and Emerging Trends
On-Highway Vehicle Lighting Market Size
What Is The Projected Market Size Of The Global On-Highway Vehicle Lighting Market And Its Growth Rate?
• Market size in 2024: $31.1 billion
• Projected size in 2025: $32.69 billion (5.1% CAGR)
• Major factors contributing to growth: Advances in automotive manufacturing, innovation in lighting materials, environmental concerns, consumer demand for efficiency, and evolution of automotive design.
• Expected market size in 2029: $41.51 billion (6.2% CAGR)
• Major growth drivers for the forecast period: Regulatory changes and standards, integration of advanced features, demand for energy efficiency, automotive design trends, and emergence of autonomous vehicles.
What Is Driving The Growth In The On-Highway Vehicle Lighting Market?
Increased incidences of road accidents due to low visibility and fog are catalyzing the growth of the on-highway vehicle lighting market. Foggy conditions drastically reduce road visibility and have been attributed to a significant number of accidents. Fog lights and regular lights enhance visibility, reducing the likelihood of accidents. For instance, according to the Federal Highway Administration of the US Department of Transportation, approximately 38,700 vehicle crashes occurred due to fog in 2022, resulting in over 600 fatalities and injuring 16,300 people. This has increased the demand for efficient lighting in vehicles, further driving market growth.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9330&type=smp
Who Are the Key Players Driving On-Highway Vehicle Lighting Market Growth?
• Koninklijke Philips N.V.
• Koito Manufacturing Co. Ltd.
• ZKW Group GmbH & Co. KG
• TYC Genera Corporation
• Valeo S.A.
• Marelli Automotive Lighting LLC
• Zizala Lichtsysteme GmbH
• Spyder Auto LLC
• Maxxima Group Inc.
• Optronics International LLC
• Continental Aktiengesellschaft
• Denso Corporation
• Hyundai Mobis Co. Ltd.
• Johnson Electric Holdings Limited
• Varroc Lighting Systems
• Stanley Electric Corporation
• Magneti Marelli S.p.A.
• HELLA GmbH & Co. KGaA
• Osram Licht AG
• Robert Bosch GmbH
• Aisin Seiki Co. Ltd.
• Aptiv PLC
• Eaton Corporation
• Lear Corporation
• Magna International Inc.
• ZF Friedrichshafen AG
What Are The Key Trends In The On-Highway Vehicle Lighting Market?
• Embrace of connected car concepts
• Customization and personalization
• Focus on safety innovations
• Aesthetic and brand differentiation
• Shift to energy-efficient solutions
What Are The Segments Of The Global On-Highway Vehicle Lighting Market?
• By Product: Halogen, HID, LED, Incandescent, LASER
• By Application: Headlight, Exterior Lights, Internal Lights
• By Vehicle Type: Motorcycle, Passenger Cars, Buses, Light Trucks (Class 1-3), Medium Trucks (Class 4-6), Heavy Trucks (Class 7 And 8)
Which Region Leads The On-Highway Vehicle Lighting Market?
In 2024, Asia-Pacific was the largest region in the on-highway vehicle lighting market. The market analysis covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the report for swift delivery:
https://www.thebusinessresearchcompany.com/report/on-highway-vehicle-lighting-global-market-report
What Is Covered In The On-Highway Vehicle Lighting Market Global Market Report?
- Market Size Analysis: Analyze the On-Highway Vehicle Lighting Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the On-Highway Vehicle Lighting Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall On-Highway Vehicle Lighting Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the On-Highway Vehicle Lighting Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for this Report:
https://www.thebusinessresearchcompany.com/Customise?id=9330&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Projected Growth in the On-Highway Vehicle Lighting Market: Market Size, CAGR, Driving Factors, and Emerging Trends here
News-ID: 3827836 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Light
Shining a Light: Global Light Towers Market Trends 2024
"The Business Research Company recently released a comprehensive report on the Global Light Towers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera!
In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a natural…
Light Sanitizer Review: Does UV Light Sanitizer Really Work?
Visit Official Website Here >> https://bit.ly/3u3lF00
【PROFESSIONAL UV LIGHT SANITIZER LAMP】 FCC, CE, RoHS Certified, EPA Est. No.96932-CHN-1. Advanced ultraviolet disinfection technology, the UV disinfectant lamp has 7 high-intensity UVC and 158 UVA double effect, 99.99% sterilization rate, Ultra Violet through radiation damage to microorganisms (bacteria, viruses, fungus, pathogen, molds, micro pests) and destroy DNA RNA, to achieving the purpose of disinfection
【240-280NM COMPREHENSIVE THOROUGH STERILIZATION】 The light transmittance of microorganisms…
What is Li-Fi (Light Fidelity Visible Light Communication)?
Light fidelity (Li-Fi)/visible light communication is wireless communication technology that uses light to transmit data and position between devices. This technology facilitates internet facilities in a closed, controlled environment such as airplanes, shopping complexes, hospitals, offices, and vehicles, among others. It is widely utilized to offer communication between electronic devices with the support of visible light, particularly the LED bulbs. This evolving technology has various advantages over currently prevalent Wi-Fi…
Global LED Lighting Market Technology Insights, Forecast to 2025 | Spot Light, S …
This report presents the worldwide LED Lighting market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The LED Lighting market was valued at Million US$ in 2017 and is…
Light Control Sensor Light Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-electronics-goods/light-control-sensor-light-market/79664
Light Control Sensor Light Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Light Control Sensor Light basics: definitions, classifications, applications and…
